Welcome to our dedicated page for Gigamedia news (Ticker: GIGM), a resource for investors and traders seeking the latest updates and insights on Gigamedia stock.
GigaMedia Ltd (GIGM) delivers innovative digital entertainment and cloud computing solutions across Asia. This news hub provides investors and industry observers with authoritative updates on the company's strategic developments across both business segments.
Access real-time announcements including quarterly earnings reports, game portfolio expansions, and cloud service innovations. Our curated collection ensures you never miss critical updates about mobile gaming launches, SME-focused IT solutions, or regional market entries.
Key content categories include financial performance disclosures, partnership announcements with developers and technology providers, and operational updates from both the entertainment and enterprise cloud divisions. Bookmark this page for streamlined tracking of GIGM's progress in casual gaming markets and business infrastructure solutions.
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.
GigaMedia has announced its 25th Annual General Meeting (AGM) of shareholders, scheduled for June 27, 2024 in Taipei, Taiwan. Key agenda items include the adoption of audited financial statements for the fiscal year ending December 31, 2023, and the appointment of Deloitte & Touche as auditors. Other resolutions involve approving directors' remuneration capped at $350,000, authorizing the issuance of new shares, and instituting a share purchase mandate allowing up to 10% of issued shares to be repurchased. Shareholders are encouraged to attend or vote via proxy by June 24, 2024.
GigaMedia (NASDAQ: GIGM) announced its first quarter 2024 unaudited financial results, reporting revenues of $0.73 million, a gross profit of $0.35 million, and a net loss of $0.90 million. The company experienced a decrease in revenues by 16.7% compared to the previous quarter. GigaMedia plans to continue exploring digital entertainment to promote its products and services in 2024.
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