Schön, dass ich entgegen meiner sonstigen Gewohnheit diesmal nicht vor den Q-Zahlen verkauft habe.
GigaMedia: First Full-Year Profit in 2004
Wednesday June 8, 7:42 am ET
Q4 2004 Profit up 76% from Q3 2004
Highlights of FY04 Results
-- Consolidated revenues of US$99.8 million -- Consolidated EBITDA(1) US$9.1 million -- Consolidated net income US$1.7 million -- Cash and short-term investments at year end of US$47.5 million
Highlights of 4Q04 Results
-- Consolidated revenues of US$26.6 million -- Consolidated EBITDA(1) of US$2.9 million -- Consolidated net income of US$1.2 million
(1) EBITDA (earnings before interest, taxes, depreciation, amortization and minority interests) is provided as a supplement to results provided in accordance with U.S. generally accepted accounting principles ("GAAP"). See "Use of Non-GAAP Measures" for more details.
TAIPEI, Taiwan, June 8 /Xinhua-PRNewswire-FirstCall/ -- GigaMedia Limited (''GigaMedia'' or the ''Company'') (Nasdaq: GIGM - News) announced today its first ever profitable year in 2004, turning around from a loss of $14.1 million in 2003 to full-year profit of $1.7 million in 2004.
The record 2004 results were driven by a strong fourth quarter in which the Company recorded a consolidated net profit of $1.2 million, a 76 percent increase quarter-over-quarter. The fourth quarter of 2004 represented an increase of $9.1 million from a loss of $7.9 million during the fourth quarter of 2003.
''In just one year, GigaMedia has climbed out of a $14 million hole. We are standing above ground now as a profitable company with strong growth prospects,'' stated Chief Executive Officer Arthur Wang, who assumed office at the end of 2003. ''The new management team is confident in our internal restructuring plan and excited by the opportunities for growth and acquisition.''
Never argue with an idiot -- they drag you down to their level, then beat you with experience.
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