Welcome to our dedicated page for Pixelworks news (Ticker: PXLW), a resource for investors and traders seeking the latest updates and insights on Pixelworks stock.
Pixelworks Inc. (NASDAQ: PXLW) is a pioneering fabless semiconductor company renowned for its innovative video and pixel processing chips and software, specifically tailored for high-end display applications such as digital projection and large screen LCD flat panels. Leveraging proprietary core technologies, Pixelworks empowers digital display and projection device manufacturers to distinguish their products with consistent, superior video quality, irrespective of the content’s source or format.
Pixelworks provides advanced visual processing semiconductor and software solutions that enable authentic and high-quality viewing experiences across various applications. The company's primary markets include:
- Mobile: Smartphones and tablets
- Home and Enterprise: Projectors, personal video recorders (PVR), and over-the-air (OTA) streaming devices
- Cinema: Creation, remastering, and delivery of digital video content
Operating in the segment of designing, developing, marketing, and selling integrated circuit (IC) solutions for electronic display devices, Pixelworks generates revenue mainly from the Mobile market and the Home and Enterprise market, with a significant portion of its earnings coming from China.
Recent achievements highlight Pixelworks' continuous innovation and market influence:
In January 2024, Pixelworks announced its collaboration with Walt Disney Studios to bring TrueCut Motion™ graded titles to select home entertainment devices, ensuring an unparalleled cinematic motion experience. This partnership enables filmmakers to maintain creative integrity by eliminating motion playback anomalies while preserving the intended look and feel of the source content.
In February 2024, the company revealed its financial results for Q4 and fiscal 2023, showcasing solid revenue and an optimistic outlook for the upcoming fiscal year. A key highlight was the presentation of the film Argylle in the TrueCut Motion™ format, indicating the technology's growing adoption among premium filmmakers.
Pixelworks' TrueCut Motion™ technology, an award-winning post-production platform, allows filmmakers to fine-tune motion looks on a scene-by-scene basis, enhancing the visual storytelling experience. This technology ensures consistent delivery of the director's creative intent, whether viewed in cinemas or home theaters.
In March 2024, DreamWorks Animation announced the release of Kung Fu Panda 4 in select theaters using Pixelworks' TrueCut Motion™ format, further establishing the company's role in enhancing cinematic experiences.
Pixelworks' financial health remains robust, with a focus on operational execution and strategic market expansion. Despite the dynamic smartphone market in China, the company continues to drive growth through new product initiatives and broader ecosystem engagements, aiming to expand its addressable market and long-term growth potential.
For more information on Pixelworks, visit their website.
On January 11, 2022, Pixelworks (NASDAQ: PXLW) announced its collaboration with OnePlus to enhance the display technology of the newly launched OnePlus 10 Pro smartphone. Utilizing Pixelworks' Pro Software, the smartphone achieves superior color accuracy and visual comfort across various lighting conditions. The OnePlus 10 Pro features a fluid AMOLED display with LTPO calibration technology and a 120Hz refresh rate, powered by the Qualcomm Snapdragon 8 Gen 1 platform. This partnership aims to provide users with a highly authentic viewing experience.
Pixelworks, a leader in video processing solutions, will attend the 24th Annual Needham Growth Conference virtually on January 12, 2022. CEO Todd DeBonis is set to present at 9:30 a.m. PT. A live webcast will be available on the company's Investor Relations page. Pixelworks specializes in creating authentic viewing experiences across various screens by delivering innovative video delivery and display processing technology, backed by 20 years of industry experience.
Pixelworks, Inc. (NASDAQ: PXLW) announced that its X5 Pro visual processor has been integrated into the iQOO 9 series smartphones, enhancing mobile gaming performance. The iQOO 9 features a 6.78-inch AMOLED screen with up to 120 Hz refresh rate, while the 9 Pro boasts a higher resolution and variable frame rate. Both models utilize Pixelworks technology for improved frame rates and battery life. Recognized by the King Premier League, the iQOO 9 series aims to set a benchmark in high-performance smartphones. Key features include MotionEngine® Technology and Always-HDR Mode for an immersive gaming experience.
Pixelworks, Inc. (NASDAQ: PXLW) announced a collaboration with TCL to integrate its TrueCut® Motion platform into TCL televisions in North America. This partnership aims to enhance picture quality by optimizing motion display, offering filmmakers tools to ensure their work is accurately visualized across various devices. TrueCut Motion addresses long-standing motion quality challenges, providing a seamless viewing experience without user adjustments. Both companies aim to revolutionize motion display, thereby enhancing consumer satisfaction and expanding market opportunities.
Pixelworks (NASDAQ: PXLW) announced that the newly launched iQOO Neo5S smartphone features their upgraded X5 Pro visual processor. The phone boasts a 6.62" AMOLED screen with a resolution of 1080 x 2400 pixels, 120 Hz refresh rate, and 1300 nits peak brightness. Key enhancements include MotionEngine technology for smoother gaming, Always-HDR mode for rich visuals, and factory-tuned Absolute Color Accuracy for perfect color reproduction. This collaboration aims to elevate the visual experience for gamers, solidifying Pixelworks' role in premium smartphone display technology.
Pixelworks, Inc. (NASDAQ: PXLW) has launched TrueCut® Motion, an innovative end-to-end platform for motion imaging. This solution enables filmmakers to control how motion is visualized in films, enhancing the viewing experience across all screens. TrueCut Motion includes advanced mastering tools, new content delivery formats, and a device certification program aimed at ensuring consistent, filmmaker-approved presentations. Acknowledged with industry awards, the platform is expected to resolve long-standing issues in motion integrity, particularly with high-resolution displays.
Pixelworks, Inc. (Nasdaq: PXLW) has announced an independent software vendor agreement with MediaTek to enhance visual display processing for 5G smartphones. This collaboration focuses on leveraging MediaTek's Dimensity 5G Open Resource Architecture to improve mobile product displays. Pixelworks aims to extend its visual technology reach, enhancing user experiences for gaming and multimedia. The partnership also emphasizes the launch of Pixelworks' Pro Software to boost display performance through advanced algorithms, ensuring accurate color reproduction across applications.
Pixelworks announced that its color and brightness calibration technology is featured in OPPO's new foldable smartphone, the Find N. This device boasts a 7.1-inch folding display with 120Hz refresh rate and high resolution. Pixelworks' technology enables superior color accuracy with an average Delta E value under 1, professional brightness calibration, and advanced low brightness color correction. The Find N, combining qualities of both a phone and tablet, will be available from December 23, 2021. This partnership emphasizes Pixelworks' role in enhancing visual experience in cutting-edge devices.
Pixelworks (NASDAQ: PXLW) announced the launch of its seventh generation mobile visual processor, the X7, during a product event in Shenzhen on November 17, 2021. Designed for mobile gaming, the X7 enhances video quality and supports refresh rates of up to 180Hz for FHD+ and 144Hz for WQHD+ resolutions. Key features include Ultra-low Latency MotionEngine® Technology, Low Power Super-Resolution, and AI Always-On HDR. The processor is expected to enter commercial production in Q1 2022, targeting the growing demand for high-quality mobile gaming experiences.
Pixelworks (NASDAQ: PXLW) reported Q3 2021 financial results showing a revenue increase to $15.2 million, up from $14.1 million in Q2 and $8.2 million year-over-year. Mobile revenue reached record levels, growing nearly 3.5x YoY, with expanded adoption of visual processing solutions. Gross margin improved to 52.5%, and operating expenses remained stable. The company ended the quarter with $66.6 million in cash following a successful capital raise of approximately $40 million. Despite a GAAP net loss of $4.1 million, the outlook indicates strong bookings and growth potential in mobile and projector markets.
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