Sigma Designs, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended October 28, 2017. For the quarter, the company reported net revenue of $33,862,000 compared to $62,729,000 a year ago. Loss from operations was $18,884,000 compared to income from operations of $2,169,000 a year ago. Loss before income taxes was $18,737,000 compared to income before income taxes of $2,348,000 a year ago. Net loss was $19,084,000 or $0.49 per basic and diluted share compared to net income of $221,000 or $0.01 per basic and diluted share a year ago. Non-GAAP net loss was $9,590,000 or $0.25 per basic and diluted share compared to non-GAAP net income of $3,345,000 or $0.09 per basic and diluted share a year ago.

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.