GigaMedia (NASDAQ:GIGM) reported that for Q4 it narrowed its loss from the same quarter last year, even as revenue decreased year over year, and provided revenue growth guidance for the fiscal 2014.
The provider of online entertainment software and services in China reported Q4 net loss of $30.36 million, or $0.60 loss per share, compared with the prior-year period’s $15.4 million or $0.30 loss per share. Excluding non-cash impairment of $30 million, net loss was $450,000. Revenue was $3.38 million, down from $4.83 million in the same quarter last year.
No analyst estimates were available for comparison.
The company said that it expects revenues to decrease in Q1 2014 due to continued declines in its legacy PC games business and an incomplete transition from PC-based games to browser/mobile and social casino games.
In 2014, GIGM expects accelerating revenue growth driven by major new product launches and subscriber growth in its online games and cloud computing businesses. Management forecasts revenue growth to begin in Q2, with sequential increases in Q3 and Q4 following implementation of growth initiatives.
Datawatch (NASDAQ:DWCH), a global provider of visual data discovery solutions, in Thursday after-hours reports preliminary results for its Q2 fiscal 2014, with disappointing revenues vs. analyst consensus the the prior year.
DWCH anticipates total revenue for the quarter between $7.8 million and $8.0 million, and Non-GAAP net loss between $3.1 million and $3.3 million, excluding special items. This compares to total revenue of $6.83 million and Non-GAAP net income of $389,000 for Q2 fiscal 2013. Analysts polled by Capital IQ were expecting revenues of $9.1 million.
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