Technology
GigaMedia Announces Second-Quarter 2026 Financial Results
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TAIPEI, July 31, 2026 /PRNewswire/ — GigaMedia Limited (NASDAQ: GIGM) today announced its second-quarter 2026 unaudited financial results.
Comments from Management
In the second quarter of 2026, GigaMedia reported revenues of $2.13 million, with a gross profit $1.24 million, an operating loss of $0.10 million, but a net income of $0.55 million.
In this quarter, we successfully carried out an IP collaboration for a licensed game we operated in Hong Kong. With this success, we have achieved a significant increase in revenues. As a result, our operating loss reduced from $0.95 million to $0.10 million quarter-on-quarter.
Currently we focused on cultivating the customer base brought by this successful IP collaboration to build a solid groundwork for our future growth.
Meanwhile, in this quarter, we also successfully converted and settled our holdings of the corporate bonds of Aeolus Robotics Corporation (“Aeolus”) into its preferred shares at advantageous prices. As a result of the conversion and settlement, we currently hold 33.35% of its ownership voting rights, and thereby account for it under the equity-method.
Aeolus is an R&D company engaged in developing AI-enabled service robots, specifically in elderly-care, night shift patrol and disinfection. We believe the strategic investment in this robotics company will position our company for a broader industry outlook, and open up vast business opportunities.
Second Quarter Overview
Operating revenues increased significantly by approximately 182.3% quarter-on-quarter, from $0.75 million in last quarter, and by 144.9% year-over-year from $0.87 million the same period last year.Gross profit increased by 197.1% to $1.24 million from $0.42 million in last quarter, and increased by 159.7% compared to $0.48 million in the same period last year.Investments in Aeolus were reclassified from available-for-sale to equity-method investment upon the conversion and settlement mentioned above. Considering the advantageous conversion and settlement prices, previous adjustments recorded in other comprehensive loss were reversed. As a result, the book value of the investment increased from $8.17 million to $12.67 million at the end of this quarter, and a deemed disposal gain of $0.37 million was recognized.The net asset value was $3.69 per share.
Unaudited Consolidated Financial Results
GigaMedia Limited is a diversified provider of digital entertainment services. GigaMedia’s digital entertainment service business FunTown develops and operates a suite of digital entertainments in Taiwan and Hong Kong, with focus on browser/mobile games and casual games.
Unaudited consolidated results of GigaMedia are summarized in the table below.
For the Second Quarter
GIGAMEDIA 2Q26 UNAUDITED CONSOLIDATED FINANCIAL RESULTS
(unaudited, all figures in US$ thousands, except
per share amounts)
2Q26
1Q26
Change
(%)
2Q26
2Q25
Change
(%)
Revenues
2,126
753
182.3
%
2,126
868
144.9
%
Gross Profit
1,239
417
197.1
%
1,239
477
159.7
%
Loss from Operations
(103)
(945)
NM
(103)
(918)
NM
Net Income (Loss) Attributable to
GigaMedia
551
(876)
NM
551
844
NM
Earnings (Loss) Per Share Attributable
to GigaMedia, Diluted
0.05
(0.08)
NM
0.05
0.08
NM
EBITDA (A)
322
(1,216)
NM
322
423
NM
Cash, Cash Equivalents and Restricted
Cash
29,018
27,973
3.7
%
29,018
31,186
(7.0)
%
NM= Not Meaningful
(A) EBITDA (earnings before interest, taxes, depreciation, and amortization) 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.)
Second-Quarter Financial Results
Consolidated revenues for the second quarter of 2026 increased significantly by 182.3% quarter-on-quarter from $0.75 million in last quarter, and by 144.9% year-over-year from $0.87 million the same period last year.Consolidated gross profit was $1.24 million, increased by 197.1% quarter-on-quarter and by 159.7% year-over-year.Consolidated loss from operation of the second quarter of 2026 was $0.10 million, improved from $0.95 million in the first quarter.Non-operating income from operation of the second quarter of 2026 was $0.65 million, improved from $0.07 million in the first quarter, mainly due to a deemed disposal gain of $0.37 million upon the reclassification of Aeolus investments from available-for-sale to equity-method investment.Net income in the second quarter of 2026 was $0.55 million, improved from a net loss of $0.88 million in the first quarter.Cash, cash equivalents and restricted cash at the end of the second quarter of 2026 amounted to $29.0 million, increased by 3.7% from $28.0 million as of the end of the first quarter.
Financial Position
GigaMedia maintained its solid financial position, with cash, cash equivalents and restricted cash amounted to $29.0 million, or $2.63 per share, as of June 30, 2026.
Business Outlook
The following forward-looking statements reflect GigaMedia’s expectations as of July 31, 2026. Given potential changes in economic conditions and consumer spending, the evolving nature of digital entertainments, and various other risk factors, including those discussed in the Company’s 2025 Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission as referenced below, actual results may differ materially.
“In the second half of 2026, we will dedicate ourselves to sustaining the momentum from this quarter’s success and deepening engagement with the customer base to fuel our future growth,” stated GigaMedia CEO James Huang.
As for new business, our management continues evaluating and pursuing prospects of strategic investment targets that are with potential to expand our business and create greater shareholder value.
Use of Non-GAAP Measures
To supplement GigaMedia’s consolidated financial statements presented in accordance with US GAAP, the Company uses the following measure defined as non-GAAP by the SEC: EBITDA. Management believes that EBITDA (earnings before interest, taxes, depreciation, and amortization) is a useful supplemental measure of performance because it excludes certain non-cash items such as depreciation and amortization and that EBITDA is a measure of performance used by some investors, equity analysts and others to make informed investment decisions. EBITDA is not a recognized earnings measure under GAAP and does not have a standardized meaning. Non-GAAP measures such as EBITDA should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, other financial measures prepared in accordance with GAAP. A limitation of using EBITDA is that it does not include all items that impact the company’s net income for the period. Reconciliations to the GAAP equivalents of the non-GAAP financial measures are provided on the attached unaudited financial statements.
About the Numbers in This Release
Quarterly results
All quarterly results referred to in the text, tables and attachments to this release are unaudited. The financial statements from which the financial results reported in this press release are derived have been prepared in accordance with U.S. GAAP, unless otherwise noted as “non-GAAP,” and are presented in U.S. dollars.
Q&A
For Q&A regarding the second quarter 2026 performance upon the release, investors may send the questions via email to IR@gigamedia.com.tw, and the responses will be replied individually.
About GigaMedia
Headquartered in Taipei, Taiwan, GigaMedia Limited (Singapore registration number: 199905474H) is a diversified provider of digital entertainment services in Taiwan and Hong Kong. GigaMedia’s digital entertainment service business is an innovative leader in Asia with growing capabilities of development, distribution and operation of digital entertainments, as well as platform services for games with a focus on mobile games and casual games. More information on GigaMedia can be obtained from www.gigamedia.com.
The statements included above and elsewhere in this press release that are not historical in nature are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding expected financial performance (as described without limitation in the “Business Outlook” section and in quotations from management in this press release) and GigaMedia’s strategic and operational plans. These statements are based on management’s current expectations and are subject to risks and uncertainties and changes in circumstances. There are important factors that could cause actual results to differ materially from those anticipated in the forward looking statements, including but not limited to, our ability to license, develop or acquire additional online games that are appealing to users, our ability to retain existing online game players and attract new players, and our ability to launch online games in a timely manner and pursuant to our anticipated schedule. Further information on risks or other factors that could cause results to differ is detailed in GigaMedia’s Annual Report on Form 20-F filed in April 2026 and its other filings with the United States Securities and Exchange Commission.
(Tables to follow)
GIGAMEDIA LIMITED
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands of US dollars, except for earnings per share amounts)
Three months ended
Six months ended
6/30/2026
3/31/2026
6/30/2025
6/30/2026
6/30/2025
unaudited
unaudited
unaudited
unaudited
unaudited
Operating revenues
Digital entertainment service revenues
2,126
753
868
2,879
1,726
2,126
753
868
2,879
1,726
Operating costs
Cost of digital entertainment service revenues
887
336
391
1,223
790
887
336
391
1,223
790
Gross profit
1,239
417
477
1,656
936
Operating expenses
Product development and engineering expenses
148
145
157
293
352
Selling and marketing expenses
376
380
360
756
754
General and administrative expenses
817
837
877
1,654
1,717
Other
1
—
1
1
1
1,342
1,362
1,395
2,704
2,824
Loss from operations
(103)
(945)
(918)
(1,048)
(1,888)
Non-operating income (expense)
Interest income
242
353
436
595
859
Foreign exchange gains (loss) – net
42
(285)
1,330
(243)
1,197
Gain on disposal of investment in securities
370
—
—
370
—
Changes in the fair value of an instrument
recognized at fair value
—
1
(9)
1
(6)
Other – net
—
—
5
—
5
654
69
1,762
723
2,055
Income (loss) before income taxes
551
(876)
844
(325)
167
Income tax expense
—
—
—
—
—
Net income (loss) attributable to shareholders
of GigaMedia
551
(876)
844
(325)
167
Earnings (loss) per share attributable to
GigaMedia:
Basic
0.05
(0.08)
0.08
(0.03)
0.02
Diluted
0.05
(0.08)
0.08
(0.03)
0.02
Weighted average shares outstanding:
Basic
11,052
11,052
11,052
11,052
11,052
Diluted
11,052
11,052
11,052
11,052
11,052
GIGAMEDIA LIMITED
CONSOLIDATED BALANCE SHEET
(in thousands of US dollars)
6/30/2026
3/31/2026
6/30/2025
unaudited
unaudited
unaudited
Assets
Current assets
Cash and cash equivalents
28,705
27,660
30,873
Investment in securities-current
—
4,652
—
Accounts receivable – net
182
105
167
Prepaid expenses
248
392
235
Restricted cash
313
313
313
Other receivables
202
227
259
Other current assets
140
134
140
Total current assets
29,790
33,483
31,987
Investment in securities – noncurrent
—
3,521
8,120
Equity-method investment
12,674
—
—
Property, plant & equipment – net
68
79
98
Intangible assets – net
3
4
4
Prepaid licensing and royalty fees
214
217
86
Other assets
1,833
2,163
1,403
Total assets
44,582
39,467
41,698
Liabilities and equity
Accounts payable
69
30
30
Accrued expenses
1,358
754
1,016
Unearned revenue
735
547
614
Other current liabilities
562
562
332
Total current liabilities
2,724
1,893
1,992
Other liabilities
1,092
1,164
286
Total liabilities
3,816
3,057
2,278
Total equity
40,766
36,410
39,420
Total liabilities and equity
44,582
39,467
41,698
GIGAMEDIA LIMITED
RECONCILIATIONS OF NON-GAAP RESULTS OF OPERATIONS
(in thousands of US dollars)
Three months ended
Six months ended
6/30/2026
3/31/2026
6/30/2025
6/30/2026
6/30/2025
unaudited
unaudited
unaudited
unaudited
unaudited
Reconciliation of Net Income (Loss) to
EBITDA
Net income (loss) attributable to GigaMedia
551
(876)
844
(325)
167
Depreciation
12
12
13
24
26
Amortization
1
1
2
2
4
Interest income
(242)
(353)
(436)
(595)
(859)
Interest expense
—
—
—
—
—
Income tax expense
—
—
—
—
—
EBITDA
322
(1,216)
423
(894)
(662)
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SOURCE GigaMedia
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Be Strong Announces New Leadership and the Next Chapter of Its Legacy
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NEW YORK, July 31, 2026 /PRNewswire/ — Be Strong, the national nonprofit dedicated to strengthening the mental, emotional, and relational health of young people, today announced a new chapter in its leadership with the appointment of new Governance Board members, new Advisory Board Co-Chairs, and the upcoming launch of its inaugural Student Advisory Board.
The leadership announcements reflect more than organizational growth. They represent more than a decade of intentionally building a leadership model where experience, lived perspective, and servant leadership work together to strengthen Be Strong’s future while ensuring the voices of young people continue to help shape its mission.
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Recon Technology, Ltd (NASDAQ: RCON) is the People’s Republic of China’s first NASDAQ-listed non-state owned oil and gas field service company. Recon supplies China’s largest oil exploration companies, with advanced automated technologies, efficient gathering and transportation equipment and reservoir stimulation measure for increasing petroleum extraction levels, reducing impurities and lowering production costs. Through the years, RCON has taken leading positions within several segmented markets of the oil and gas field service industry. RCON also has developed stable long-term cooperation relationship with its major clients. For additional information please visit: http://www.recon.cn/.
Forward-Looking Statements
Recon includes “forward-looking statements” within the meaning of the federal securities laws throughout this press release. A reader can identify forward-looking statements because they are not limited to historical fact or they use words such as “scheduled,” “may,” “will,” “could,” “should,” “would,” “expect,” “believe,” “anticipate,” “project,” “plan,” “estimate,” “forecast,” “goal,” “objective,” “committed,” “intend,” “continue,” or “will likely result,” and similar expressions that concern Recon’s strategy, plans, intentions or beliefs about future occurrences or results. Forward-looking statements are subject to risks, uncertainties and other factors that may change at any time and may cause actual results to differ materially from those that Recon expected. Many of these statements are derived from Recon’s operating budgets and forecasts, which are based on many detailed assumptions that Recon believes are reasonable, or are based on various assumptions about certain plans, activities or events which we expect will or may occur in the future. However, it is very difficult to predict the effect of known factors, and Recon cannot anticipate all factors that could affect actual results that may be important to an investor. All forward-looking information should be evaluated in the context of these risks, uncertainties and other factors, including those factors disclosed under “Risk Factors” in Recon’s most recent Annual Report on Form 20-F and any subsequent half-year financial filings on Form 6-K filed with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by the cautionary statements that Recon makes from time to time in its SEC filings and public communications. Recon cannot assure the reader that it will realize the results or developments Recon anticipates, or, even if substantially realized, that they will result in the consequences or affect Recon or its operations in the way Recon expects. Forward-looking statements speak only as of the date made. Recon undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements included herein or that may be made elsewhere from time to time by, or on behalf of, Recon.
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SOURCE Recon Technology, Ltd
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