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GIGM News
GIGM Events
GigaMedia Reports Q1 Revenue of $750K
Reports Q1 revenue $750K vs. $859K last year. "In the following quarters, we will dedicate ourselves to boosting the productivity of our products and services. GigaMedia will stick to the strategy of pursuing healthy growth with a lean operation," stated CEO James Huang.
Q4 Revenue Reaches $831M
Reports Q4 revenue $831M vs. $755M last year.
GigaMedia purchases convertible note of Aeolus Robotics
GigaMedia announced that the company has entered into and executed an agreement to purchase a $1.5M principal amount of convertible promissory note issued by Aeolus Robotics, a global company primarily engaged in designing, manufacturing, processing and sales of intellectual robotics. The Note, bearing interest at a rate of 4.5% per annum, shall be due in 36 months, and all or a portion of the principal amount under the Note may be convertible at GigaMedia's option upon maturity, upon prepayment, or when certain events occur, into ordinary shares of Aeolus at a price of 2c per share.
GigaMedia purchases convertible note of Aeolus Robotics
GigaMedia announced that the company has entered into and executed an agreement to purchase a $2.6M principal amount of convertible promissory note issued by Aeolus Robotics, a global company primarily engaged in designing, manufacturing, processing and sales of intellectual robotics. The Note, bearing interest at a rate of 4.5% per annum, shall be due in 36 months, and all or a portion of the principal amount under the Note may be convertible at GigaMedia's option upon maturity, upon prepayment, or when certain events occur, into ordinary shares of Aeolus at a price of 2c per share.
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