Sigma Designs, Inc. reported unaudited consolidated earnings results for the first quarter ended April 29, 2017. For the quarter, the company reported net revenue of $39,564,000 compared to $53,775,000 a year ago. Loss from operations was $13,377,000 compared to $6,015,000 a year ago. Loss before income taxes was $13,842,000 compared to $6,766,000 a year ago. Net loss was $14,859,000 or $0.39 per basic and diluted share compared to $8,098,000 or $0.22 per basic and diluted share a year ago. Non-GAAP net loss was $9,366,000 or $0.25 per basic and diluted share compared to $4,247,000 or $0.12 per basic and diluted share a year ago. Non-GAAP operating loss was $7.9 million. This compares with non-GAAP operating loss of $2.5 million for the same period in fiscal 2017.

For the second quarter of fiscal 2018, the company total revenues to be in the range of $38 million to $41 million; non-GAAP gross margin to be in the range of 46% to 49%; non-GAAP operating expenses to be under $26 million.