Gigamedia Ltd Stock Price, News & Analysis

GigaMedia (NASDAQ: GIGM) has announced the purchase of a $1.5 million convertible promissory note from Aeolus Robotics Corporation, a global intellectual robotics company. The note carries a 4.5% annual interest rate with a 36-month maturity period.

The note can be converted into Aeolus's ordinary shares at $0.02 per share upon maturity, prepayment, or certain triggering events. This investment represents a strategic move by GigaMedia to establish a longer-term relationship with Aeolus, with the possibility of additional future investments in Aeolus securities.

GigaMedia Limited (NASDAQ: GIGM), a digital entertainment services provider based in Taiwan, announced the successful completion of its Annual General Meeting (AGM) on June 26, 2025. All five resolutions presented were approved by shareholders with strong support.

Key approvals included: adoption of audited financial statements (99.25% in favor), appointment of auditors (96.22% in favor), directors' remuneration (98.80% in favor), authority to allot and issue shares (97.65% in favor), and share purchase mandate (99.07% in favor).

GigaMedia Limited (GIGM) has announced its 26th Annual General Meeting (AGM) to be held on June 26, 2025 in Taipei, Taiwan. The meeting will address five key resolutions: adoption of 2024 financial statements, appointment of Deloitte & Touche as auditors, approval of directors' remuneration up to US$350,000, authority to issue shares, and approval of share purchase mandate allowing up to 10% of issued shares. Shareholders of record as of April 25, 2025 can vote either in person, by proxy, or online through www.proxyvote.com. The company has 11,052,235 outstanding shares, with each share entitled to one vote.

GigaMedia (NASDAQ: GIGM) reported its Q1 2025 financial results, showing mixed performance. The company's revenues increased by 13.8% quarter-over-quarter to $0.86 million, with a gross profit of $0.46 million. However, the company recorded an operating loss of $0.97 million and a net loss of $0.68 million. While these losses increased from Q4 2024, they showed improvement year-over-year. The company maintained a strong cash position of $31.40 million ($2.84 per share) as of March 31, 2025, though this decreased from $35.09 million in the previous quarter. Management continues to focus on rightsizing workforce, consolidating resources, and exploring strategic investments while developing digital entertainment products despite economic uncertainties.

GigaMedia (NASDAQ: GIGM) has released its Q4 and full-year 2024 financial results, reporting annual revenues of $3.0 million, down 30.8% from 2023. The company posted a gross profit of $1.5 million and a net loss of $2.3 million, improved from a $3.4 million loss in 2023.

The revenue decline was primarily attributed to slowdown in licensed games. However, the company maintained a strong financial position with $35.1 million in cash and equivalents at year-end, representing approximately $3.175 per share, with zero bank loans. The net asset value stood at $3.69 per share.

Looking ahead to 2025, GigaMedia plans to focus on developing AI-based creation tools for social media content and explore potential commercialization opportunities. The company also continues to seek strategic merger and acquisition opportunities to accelerate growth and enhance shareholder value.

GigaMedia (NASDAQ: GIGM) has announced the purchase of a US$2.6 million convertible promissory note from Aeolus Robotics , a global company focused on intellectual robotics. The note features:

• 4.5% annual interest rate
• 36-month maturity period
• Conversion option to Aeolus ordinary shares at US$0.02 per share

The agreement signals a strategic long-term relationship between both companies, with GigaMedia indicating potential future investments in Aeolus securities.

GigaMedia (NASDAQ: GIGM) reported its Q3 2024 financial results, showing mixed performance. Revenues increased 6.7% quarter-over-quarter to $0.77 million, with gross profit up 3.3% to $0.37 million. However, the company recorded an operating loss of $1.01 million and a net loss of $0.32 million. Year-over-year, revenues declined 28.2% from $1.07 million. The company maintains a strong financial position with $35.3 million in cash and equivalents, representing $3.20 per share. Management plans to enhance social networking features in their games to promote player community and strengthen game stickiness.

GigaMedia (NASDAQ: GIGM) announced its Q2 2024 unaudited financial results. The company reported revenues of $0.72 million, a gross profit of $0.36 million, an operating loss of $1.05 million, and a net loss of $0.61 million. While revenues slightly decreased by 0.6% quarter-on-quarter and 29.7% year-over-year, gross profit increased by 4.0% from the previous quarter. The net loss decreased from $0.90 million in Q1 to $0.61 million in Q2.

GigaMedia's net asset value was $3.82 per share. The company maintained a solid financial position with cash, cash equivalents, and restricted cash amounting to $36.3 million, or $3.29 per share, as of June 30, 2024. The company is currently focusing on fine-tuning its casual games and customer platform for the upcoming summer vacation.

GigaMedia (NASDAQ: GIGM), a digital entertainment services provider, announced that all resolutions at its Annual General Meeting (AGM) on June 27, 2024, were passed. Key resolutions included the adoption of audited financial statements, the appointment of auditors, approval of directors' remuneration, authority to allot and issue shares, and a share purchase mandate. The resolutions received strong support, with approval percentages ranging from 93.34% to 97.34%.

The detailed voting results are as follows: 96% for the adoption of audited financial statements, 97.34% for the appointment of auditors, 93.62% for directors' remuneration, 93.34% for the authority to allot and issue shares, and 96.63% for the share purchase mandate.

GigaMedia is headquartered in Taipei, Taiwan, and provides digital entertainment services in Taiwan and Hong Kong, focusing on mobile and casual games development, distribution, and operation.