GigaMedia Limited's GigaCloud Business to Offer Card Cloud Service and Virtual Platform Solution for Corporate Customers
Dec 19 14
GigaMedia Limited announced that Giga Card Cloud Service and Virtual Platform Solution launched by its GigaCloud Business are available on the market. Card Cloud Service provides business card management by transforming physical cards into digital information. It backs up the scanned physical business cards, and the contact details are stored and managed centrally. It also consists of the functions of authority management, quick search of business card directory and remark information and CRM (Customer Relationship Management) integration. Giga Card Cloud Service allows customers to scan, remark, share, manage and search the business cards saved in the cloud anytime and anywhere through all kinds of devices and browsers, and it ensures that the contact information of business cards will not be lost or damaged even if the mobile device used by the customer is accidentally deleted. Besides, given that the employees resign, Giga Card Cloud Service can help the enterprises preserve the information of customers, which is considered an important part of the corporate assets. The contact information will also be stored on the mobile phone's address book which enables the users to call any phone number and view the address on the map. GigaCloud's Virtual Platform Solution is to help corporate customers design and build their private clouds integrated with the Cloud Services. In comparison with traditional software program for corporate use, it is expensive for upgrade fees when corporate customers require for expanding the scope of application; moreover, the expenses are high for purchasing tailor-made business software. GigaCloud's Virtual Platform Solution facilitates corporate customers to effectively increase the utilization of their existing IT infrastructure and easily enlarge the scope of application with improved agility, reliability, scalability and cost-savings.
GigaMedia Limited Announces Unaudited Consolidated Financial Results for the Third Quarter Ended September 30, 2014; Provides Revenue Guidance for the Fourth Quarter of 2014
Oct 23 14
GigaMedia Limited announced its unaudited consolidated financial results for the third quarter ended September 30, 2014. Consolidated revenues for the third quarter of 2014 were $2.5 million, flat compared to $2.5 million in the second quarter of 2014 and down from $3.8 million in the third quarter of 2013. Consolidated gross profit for the third quarter of 2014, excluding new game development expenses of $925,000, was approximately $1.1 million; including the aforementioned expenses, the company's consolidated gross profit was $205,000. This compared to $819,000 in the second quarter of 2014 and to $2.0 million in the third quarter of 2013. Consolidated loss from operations for the third quarter of 2014, excluding new game development expenses of $925,000, was $2.7 million; including the aforementioned expenses, the company's consolidated loss from operations was $3.6 million. This compared to $2.9 million in the second quarter of 2014 and to $4.6 million in the third quarter of 2013. The quarter-over-quarter and year-over-year variations were in line with management expectations as GigaMedia continues to invest in, transition and grow its businesses. Consolidated net loss for the third quarter of 2014, excluding the aforementioned new game development expenses and the unrealized loss in investment income, was approximately $5,000; including the aforementioned new game development expenses and the unrealized loss in investment income the company's net loss was $4.8 million. This compared to $2.7 million in the previous quarter and to a loss of $3.1 million in the third quarter of 2013. Consolidated EBITDA for the third quarter of 2014 was a loss of $4.6 million compared to a loss of $2.4 million in the previous quarter and to a loss of $2.6 million in the third quarter of 2013. Cash flow from operations was an outflow of approximately $3.0 million, an increase from cash outflow in the second quarter of $2.0 million, with the variation reflecting increased game licensing and development fees in the third quarter totaling approximately $1.5 million. Net loss attributable to shareholders of the company was $4,838,912 against $3,112,029 a year ago. Diluted loss per share was $0.09 against $0.06 a year ago. Loss from continuing operations was $4,880,878 or $0.09 loss per diluted share against $3,228,393 or $0.06 per diluted share a year ago. Loss from continuing operations before income taxes was $4,881,003 against $3,226,990 a year ago.
In the fourth quarter, the company expects total revenues to increase to approximately $3.0 million to $3.5 million, boosted by new game products and a small increase in cloud revenues.
GigaMedia Ltd. to Report Q3, 2014 Results on Oct 23, 2014
Oct 17 14
GigaMedia Ltd. announced that they will report Q3, 2014 results at 5:00 PM, Taipei Standard Time on Oct 23, 2014