Last €3.09 EUR
Change Today +0.033 / 1.08%
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sigma designs inc (SG2) Snapshot

Open
€3.10
Previous Close
€3.05
Day High
€3.11
Day Low
€3.08
52 Week High
11/28/13 - €4.17
52 Week Low
06/4/14 - €2.34
Market Cap
107.6M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
34.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SIGMA DESIGNS INC (SG2)

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sigma designs inc (SG2) Details

Sigma Designs, Inc. provides integrated system-on-chip (SoC) solutions for digital television, home networking, set-top box, and home control markets. Its media processor SoC product line consists of platforms that are based on integrated chips, embedded software, and hardware reference designs. The company’s home networking product line consists of wired home networking controller chipsets, which are based on HomePNA, HomePlug AV, and G.hn standards that provide connectivity solutions between various home entertainment products and incoming video streams. Its home control product line includes wireless Z-Wave chipsets and modules that provide home security, and environmental and energy control and monitoring within new and existing homes. The company also offers legacy products, such as VXP brand video image processor chipsets that provide video output or input for professional, prosumer, and consumer applications, as well as address applications, including audio/video receivers, broadcast studios, digital cinema and signage, front-projection home theatre televisions, high definition televisions, and medical imaging and video conferencing systems; and video encoder chipsets, which capture video for visual telephony between set-top boxes, connected media players, VoIP devices, video conferencing televisions, and video surveillance devices. It markets and sells its products through direct sales force, manufacturer representatives, distributors, and resellers to designers and manufacturers in Asia, Europe, North America, and internationally. The company was founded in 1982 and is headquartered in Milpitas, California.

716 Employees
Last Reported Date: 04/17/14
Founded in 1982

sigma designs inc (SG2) Top Compensated Officers

Founder, Chief Executive Officer, President a...
Total Annual Compensation: $368.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $215.9K
Vice President of Worldwide Sales and Busines...
Total Annual Compensation: $180.0K
Compensation as of Fiscal Year 2014.

sigma designs inc (SG2) Key Developments

Wyplay and Sigma Designs to Create Turnkey Reference Solution for IPTV / OTT Client Devices Powered by the SMP8756 Processor

Wyplay and Sigma Designs(R) lifted the veil on the turnkey integration of the open-source Frog by Wyplay set-top-box middleware with Sigma's HEVC 4k-capable SMP875x family of system-on-chip ARM(R) processors. As part of this effort, Sigma Designs is contributing the source code for the porting of Wyplay's middleware on the SMP8756 chipset and will distribute associated development boards to its customers and partners with the Frog Reference Implementation pre-loaded in binary.

Sigma Designs, Inc. Introduces 4K HEVC Set-Top-Box Chipset

Sigma Designs, Inc. announced the SMP8758 SoC, designed to support UltraHD (4K) resolution using HEVC (H.265) compression technology for next-generation STBs. The SMP8758 will be on display at Sigma Designs' stand #BM7 at IBC 2014, a key video industry event taking place in Amsterdam from September 12 to 16. The SMP8758 comes with a full Software Suite, including libraries and services packaged under both Linux and Android development kits for rapid development. The Reference Design Kit incorporates managed power consumption circuits and associated software in the SDK and is developed to a minimal R-BOM to allow lower cost implementations with a lower memory subsystem footprint. The chipset also demonstrates wide-ranging ecosystem compatibility, leveraging the widely supported ARM processing core, like OpenGLES 2.0 drivers, HTML-5 browser engine, and others to ensure that a broad range of existing applications will successfully run. It includes a wide range of hardware and software extensions to support the creation of complete system solutions; including global tuner/demodulator standards, wired and wireless network controllers, DTV middleware stacks and IPTV middleware ports, such as Wyplay and OpenTV.

Sigma Designs, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended August 2, 2014; Reports Impairment of IP, Mask Sets and Design Tools for the Second Quarter Ended August 2, 2014; Provides Earnings Guidance for the Third and Fourth Quarter of 2015

Sigma Designs, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended August 2, 2014. For the quarter, the company reported net revenue of $42,810,000 compared to $53,762,000 a year ago, primarily based on its new generation products. Loss from operations was $5,795,000 compared to $1,847,000 a year ago. Loss before income taxes was $5,423,000 compared to $1,726,000 a year ago. Net loss was $7,620,000 or $0.22 per basic and diluted share compared to $4,791,000 or $0.14 per basic and diluted share a year ago. Non-GAAP net loss was $2,038,000 or $0.06 per basic and diluted share compared to non-GAAP net income of $2,044,000 or $0.06 per basic and diluted share a year ago. Revenues increased in the second quarter by $5,900,000 primarily due to an increase in sales of TV by $4,000,000 home networking by $1,700,000 home control by $400,000 and offset by small decline in set-top box of $200,000. For the six months, the company reported net revenue of $79,683,000 compared to $106,302,000 a year ago. Loss from operations was $14,238,000 compared to $5,947,000 a year ago. Loss before income taxes was $13,918,000 compared to $4,056,000 a year ago. Net loss was $17,534,000 or $0.51 per basic and diluted share compared to $9,324,000 or $0.27 per basic and diluted share a year ago. Non-GAAP net loss was $7,009,000 or $0.20 per basic and diluted share compared to non-GAAP net income of $2,314,000 or $0.07 per basic and diluted share a year ago. The year-to-year revenue decline was mainly driven by the decrease in sales of legacy TV products compared to the prior year. For the quarter ended August 2, 2014, the company reported impairment of IP, mask sets and design tools of $1,156,000. The company announced that it expects total revenues to grow in the third quarter of fiscal 2015 to be between $52 million to $55 million as it has started the deployment of new products, which will continue driving further growth. The company expects pro forma gross margins for the third quarter to be between 48% to 51% because of product mix and initial yield cost of its new products. The company announced that it is going to exit fourth quarter, hopefully, very profitable.

 

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