GigaMedia (GIGM) reported that its first quarter net loss was $0.68 million, compared to a loss of $0.90 million, a year ago. Loss per share was $0.06 compared to a loss of $0.08. Consolidated revenues was $0.86 million, up 18.5% year-over-year from $0.73 million.
"Current widespread economic uncertainty has certainly cast a long shadow on consumer sentiment, and specifically, entertainment spending. But we are confident we can ride out the disruption with our strategy of boosting the productivity of our products and services with a leaner team, and expanding customer base with effective marketing strategies," said GigaMedia CEO James Huang.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.