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[QUOTE]Originally posted by sunny: [QB] Peaser, hope you don't mind, but I did some DD on GIGM. They released their full year profit report today and it was really good. Thought that kind of news could be brought forward...maybe CYOS can do this well, too! Here goes: GigaMedia: First Full-Year Profit in 2004 6/8/2005 7:42:43 AM 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, 2005 /Xinhua-PRNewswire-FirstCall via COMTEX/ -- GigaMedia Limited (''GigaMedia'' or the ''Company'') ( GIGM ) 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.'' GOOOOO CYOS!!!! :D [/QB][/QUOTE]
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