MANHASSET, N.Y. Digital media processor supplier Sigma Designs Inc. posted net earnings of $0.1 million, or zero cents per share, on sales of $7.9 million in the second fiscal 2006 quarter ended July 31, compared to a net loss of $0.7 million, or 3 cents per share on sales of $6.4 million the previous quarter.
In the year-ago quarter, Sigma posted earnings of $1.2 million, or 5 cents per share on sales of $8.1 million.
Sigma (Milpitas, Calif.) attributed the improved revenue to higher sales of IP video applications and higher development contract revenue.
"We are pleased to report a substantial increase in revenue this quarter, with many accounts showing steady demand for our chipsets," said Thinh Tran, chairman and chief executive of Sigma Designs, in a statement. "Looking forward, we see meaningful top-line growth potential starting in our fourth quarter, and moving into our next fiscal year."