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 April 8, 2021, Pixelworks (NASDAQ: PXLW) announced that its i6 processor will power the Lenovo Legion Phone Duel 2, Lenovo's first gaming smartphone featuring advanced visual processing technology. This collaboration aims to enhance mobile gaming and video experiences with capabilities like real-time SDR-to-HDR conversion and HDR10/10+ tone mapping. The phone's display boasts a 144 Hz refresh rate and delivers up to 100X contrast and 60X color depth improvements. The product is set to launch in mid-April in China and select markets in May.
Pixelworks (PXLW) has partnered with OnePlus to enhance the OnePlus 9 Pro smartphone, featuring the advanced Pixelworks X5 Pro visual processor. This processor brings unique MotionEngine technology optimized for high refresh rates, supporting up to 120 Hz. The OnePlus 9 series also includes patented color calibration technology, delivering superior display quality. The OnePlus 9 Pro boasts a 6.7" Fluid LTPO AMOLED display and a 48 MP Hasselblad camera. This collaboration aims to set new standards in smartphone visual performance.
Pixelworks, Inc. (NASDAQ: PXLW) announced the launch of the iQOO Neo5 smartphone in China, featuring the Pixelworks X5 Pro processor, enhancing mobile gaming with ultra-premium display performance. This collaboration aims to improve gaming experiences through optimized motion, color, and clarity, achieving 120 fps gameplay while reducing power consumption by up to 30%. Key features include patented MotionEngine technology for smoother gameplay and Always-HDR mode for enhanced visuals.
On March 11, 2021, Pixelworks (NASDAQ: PXLW) announced a partnership with OPPO, integrating its advanced video and display processing technology into the OPPO Find X3 series smartphones. This collaboration aims to enhance display performance, featuring superior color accuracy with an average JNCD of 0.4. The smartphones are calibrated using Pixelworks' patented technology, ensuring true-to-life color reproduction across applications. The Find X3 series will be available in Mainland China on March 19 and in Western Europe on March 30, 2021.
Pixelworks announced that the ASUS ROG Phone 5 series is the first to utilize the new Pixelworks i6 processor, featuring an AI engine for enhanced video and gaming experiences. This includes AI-driven SDR-to-HDR conversion, HDR10 certification, and patented color calibration for superior color reproduction. The smartphone boasts a 6.78" AMOLED display with a 144 Hz refresh rate. Pixelworks continues its partnership with ASUS to elevate mobile gaming visuals, aiming to deliver true-to-life experiences for users. The ROG Phone 5 series was officially launched on March 10, 2021.
Pixelworks, Inc. (NASDAQ: PXLW) announced its participation in two upcoming virtual financial conferences. The Loop Capital Markets Consumer, Industrials and TMT Conference will take place on March 11, 2021, followed by the 33rd Annual ROTH Conference on March 16, 2021. Portfolio managers and analysts are invited to schedule meetings with Pixelworks management through their sales representatives at the hosting firms.
With over 20 years in the industry, Pixelworks specializes in video delivery and display processing solutions, offering superior viewing experiences.
Pixelworks, Inc. (NASDAQ: PXLW) reported Q4 2020 revenue of $9.6 million, an 18% increase sequentially but a drop from $16.0 million in Q4 2019. Mobile revenue surged 49% sequentially. The company closed a private placement and public offering, raising $18.9 million, ending the quarter with $31.5 million in cash and no long-term debt. The GAAP net loss was $6.4 million or ($0.15) per share, compared to a loss of $4.5 million in Q4 2019. Pixelworks anticipates doubling mobile model launches in 2021 amid improving demand.
Pixelworks, Inc. (NASDAQ: PXLW) will announce its fourth quarter and fiscal 2020 financial results on February 11, 2021, after market close. A conference call will be hosted by Todd DeBonis, President and CEO, and Elias Nader, CFO, at 2:00 p.m. Pacific Time. Investors can join the call by dialing 1-877-359-9508 or +1-224-357-2393 for international access, with Conference ID 5357438. The call will also be available via a live audio webcast on the company's website.
Pixelworks (NASDAQ: PXLW) announced a multi-year collaboration with TCL to enhance display technology in future smartphone models. This partnership aims to utilize Pixelworks' video processing solutions, including advancements in HDR conversion and AI features, to improve the NXTVISION displays.
Following a DXOMARK report, the TCL 10 Pro with Pixelworks technology outperformed competitors in video quality. Initial smartphone models from this collaboration are expected to launch in the first half of 2021, highlighting TCL's commitment to leading display innovation.
Pixelworks announced the successful closing of its public offering of 4,900,000 shares of common stock at a price of $2.45 per share on December 14, 2020. The gross proceeds from this offering reached approximately $12.0 million before deducting underwriting discounts and expenses. The offering was managed by Roth Capital Partners and Craig-Hallum Capital Group, utilizing a previously filed SEC registration statement. This transaction aims to strengthen Pixelworks' financial position and support its growth initiatives.
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