Sigma Designs Earnings Update 6/12/14

SIGM announced Q1 2014 earnings (quarter ended Mary 3, 2014) on June 11th. Revenues were $36.9 million down from $38.5 million last year. GAAP net loss was $.29 a share, compared to a loss of $.13 per share last year. Non-GAAP loss was $.14 per share compared to a $.01 profit last year. Our valuation fell to $8.24 down from $9.16 last quarter. Net cash per share was $2.38.

Only forecast in the press release was that this should be the lowest revenue quarter for the foreseeable future. The market seems to like the results as the stock is up about 25% over the last few days.


1 Comment

  1. Pingback: Cheap Stock Weekly Update June 16th 2014 | Cheap Stock Investor

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