Sigma Designs, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended October 28, 2017; Reports Impairment Charges for the Third Quarter Ended October 28, 2017
For the nine months, the company reported net revenue of $112,934,000 compared to $177,820,000 a year ago. Loss from operations was $43,215,000 compared to $4,159,000 a year ago. Loss before income taxes was $44,291,000 compared to $4,316,000 a year ago. Net loss was $46,620,000 or $1.22 per basic and diluted share compared to $9,599,000 or $0.26 per basic and diluted share a year ago. Non-GAAP net loss was $27,795,000 or $0.72 per basic and diluted share compared to non-GAAP net income of $1,647,000 or $0.04 per basic and diluted share a year ago.
The company reported impairment of IP, mask sets and design tools of $5,463,000 for the third quarter ended October 28, 2017 compared to nil a year ago.