GigaMedia Limited reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, operating revenues were $2,038,188 against $2,355,813 a year ago. Loss from operations was $4,422,033 against $7,537,755 a year ago. Loss from continuing operations before income taxes was $3,952,784 against $8,957,762 a year ago. Loss from continuing operations was $2,806,591 against $8,556,896 a year ago. Net loss attributable to shareholders of GigaMedia was $2,806,591 against $8,557,341 a year ago. Loss from continuing operations per basic and diluted share was $0.25 against $0.77 a year ago. Loss per basic and diluted share attributable to GigaMedia was $0.25 against $0.77 a year ago. LBITDA was $3,947,955 against $8,869,742 a year ago.

For the year, operating revenues were $8,971,305 against $10,250,995 a year ago. Loss from operations was $7,130,550 against $19,994,982 a year ago. Loss from continuing operations before income taxes was $7,215,710 against $2,701,937 a year ago. Loss from continuing operations was $6,066,987 against $2,287,675 a year ago. Net loss attributable to shareholders of GigaMedia was $6,066,987 against $2,242,575 a year ago. Loss from continuing operations per basic and diluted share was $0.55 against $0.20 a year ago. Loss per basic and diluted share attributable to GigaMedia was $0.55 against $0.20 a year ago. LBITDA was $7,164,028 against $2,278,476 a year ago.

Due to the expense on sales and marketing in the fourth quarter, the management expects to see revenue growth in the first quarter of 2017.