GigaMedia Limited announced its unaudited financial results for the second quarter ended June 30, 2025, on July 31, 2025. The company reported revenues of $0.87 million, a 1.0% sequential increase from $0.859 million in Q1 2025 and a 20.4% year-over-year increase from $0.721 million in Q2 2024. Gross profit for the quarter was $0.48 million, up 3.7% sequentially and 32.5% year-over-year.
A significant highlight for the quarter was the company's return to net income, reporting $0.84 million, a substantial improvement from a net loss of $0.68 million in the first quarter of 2025. This resulted in diluted earnings per share of $0.08, compared to a loss of $0.06 per share in the prior quarter and the same period last year. Management noted that the net income was mainly attributable to foreign exchange gains.
Operating loss for the second quarter improved slightly to $0.92 million, compared to $0.97 million in the previous quarter and $1.048 million in Q2 2024. As of June 30, 2025, GigaMedia's cash, cash equivalents, and restricted cash amounted to $31.2 million, or $2.82 per share, a slight decrease from $31.40 million at the end of March 2025.
CEO James Huang stated that for the second half of 2025, GigaMedia will focus on boosting the productivity of its products and services. The company plans to adhere to a strategy of pursuing healthy growth with lean operations while actively seeking strategic expansion and new business opportunities.
Management also confirmed its ongoing evaluation and pursuit of strategic investment targets that have the potential to expand the business and create greater shareholder value. The company is currently focused on fine-tuning the operation of its casual games and customer platform in preparation for the upcoming summer vacation period.
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