Sigma Designs (SIGM) Tops Q4 EPS by 7c

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Go back to Sigma Designs (SIGM) Tops Q4 EPS by 7c

Sigma Designs, Inc. Reports Fourth Quarter and Fiscal Year 2016 Financial Results

March 23, 2016 4:05 PM EDT

FREMONT, CA -- (Marketwired) -- 03/23/16 -- Sigma Designs, Inc. (NASDAQ: SIGM), a leading provider of intelligent system-on-chip (SoC) solutions for Connected Smart TV and Internet of Things (IoT) Devices, today reported financial results for its fourth quarter and fiscal year 2016, which ended January 30, 2016.

Financial Results

Net revenue for the fourth quarter of fiscal 2016 was $51.5 million, down $10.1 million, or 16.4%, from $61.6 million reported in the previous quarter, and down $3.3 million, or 6.0%, from $54.8 million reported for the same period in fiscal 2015.

GAAP gross margin in the fourth quarter of fiscal 2016... More