AMD have announced that their Q3 2015 period saw a $197 million net loss, and an operating loss of $158 million. The comparison of revenue loss between this time last year and now doesn’t look so good on paper either, it was $1.43 million at this point in 2014 while right now it’s $1.06 billion.

While this is the fourth straight quarterly loss for AMD, they do point out that the quarterly revenue has increased 13% between Q2 and Q3. There’s also a good reason for the figures being so low as well.

Recently the company lowered the prices of their older model GPUs to make room for all the new R5, R7 and R9 cards, which resulted in a write-down of around $65 million inventory. Thankfully the new cards are selling well enough that the graphics segment of the pie to be up 12% quarter-on-quarter.

Talking on the latest figures, Dr. Lisa Su (AMD president and chief executive) had this to say:

“AMD delivered double-digit percentage sequential revenue growth in both of our segments in the third quarter. We continue to take targeted actions to improve long-term financial performance, build great products and simplify our business model. The formation of a joint venture of our back-end manufacturing assets is a significant step towards achieving these goals and strengthening our balance sheet.”