GigaMedia (GIGM) Reports Q1 EPS of $0.09; CFO Dirk Chen Resigns

GigaMedia (NASDAQ: GIGM) reported Q1 EPS of $0.09, versus ($0.06) reported last year. Revenue for the quarter came in at $3.16 million, versus $2.18 million reported last year.

The company also announced that Chief Financial Officer (CFO) Dirk Chen ("Dirk") has resigned his position from the Company for his personal reasons but remains on the Board of Directors to continue to assist the Company in strategic decision making. The resignation is effective as of May 1, 2015. Prior to GigaMedia, Dirk had served Chailease Holding Co., Ltd. for 30 years and retired. Dirk joined GigaMedia in February 2012. Together with the management team, Dirk strengthened the Company's financial foundation and ensured the Company with good corporate governance and sound financial practices.

Collin Hwang, Chief Executive Officer of the Company, stated "On behalf of the Board and the management, I would like to thank Dirk for his contributions to the Company during his tenure, and wish him well in his future endeavors."

Mr. Huang Shih-Chin, the current head of Finance Department of GigaMedia will assume CFO duties on an interim basis.

For earnings history and earnings-related data on GigaMedia (GIGM) click here.

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