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.
Pixelworks (NASDAQ: PXLW) announced that its advanced X5 Plus visual processor is featured in the newly launched HONOR Magic5 Pro smartphone, enhancing video and gaming experiences. The X5 Plus integrates various technologies including MotionEngine® for optimized frame rates, always-on HDR for improved color detail, and professional color calibration ensuring accurate color displays. These features, powered by the Snapdragon® 8 Gen 2 Mobile Platform, offer ultra-smooth picture quality and energy-efficient performance, thereby meeting consumer expectations for high-end smartphones.
Pixelworks, Inc. (NASDAQ: PXLW) reported a 27% increase in full-year revenue for 2022, reaching $70.1 million, driven by double-digit growth across all target markets. Q4 revenue was $16.9 million, slightly up from Q4 2021 and in line with expectations despite a challenging mobile market. The company's gross profit margin improved to 53.1% in Q4. Notably, Pixelworks recognized a $2.5 million R&D credit and secured a $15.7 million investment in its Shanghai subsidiary aimed at a local public listing. However, the company faced a net loss of $16.0 million for the year and anticipates continued challenges in the mobile sector.
Pixelworks, Inc. (NASDAQ: PXLW) has partnered with realme to integrate its X5 Plus visual processor into the newly launched realme GT Neo 5 smartphone. This collaboration aims to enhance video and gaming experiences through features like MotionEngine® technology, which increases frame rates up to 120Hz, Adaptive HDR for improved color quality, and Multi-Brightness Color Calibration for precise color reproduction. The smartphone, built on Qualcomm's Snapdragon® 8+ Gen 1 platform, supports 240W fast charging and offers advanced display capabilities, promising consumers an immersive viewing experience.
Pixelworks (NASDAQ:PXLW) announced that the OnePlus Ace 2 smartphone integrates its X7 visual processing chipset. This collaboration enhances mobile gaming through features like low latency MotionEngine®, low power super-resolution, and Always-On HDR. The Ace 2, powered by the Snapdragon 8+ Gen 1 platform, offers a 6.74-inch AMOLED display with a resolution of 2772x1240 pixels and supports a 120Hz refresh rate. Key benefits include ultra-low latency of 10ms, real-time HDR conversion, and factory calibration for accurate color reproduction, ensuring an extraordinary gaming experience across popular titles.
Pixelworks, Inc. (NASDAQ: PXLW) will release its fourth quarter and fiscal 2022 financial results on February 9, 2023, after market close. The announcement will be followed by a conference call at 3:00 p.m. Pacific Time, led by Todd DeBonis, President and CEO, along with Haley Aman, CFO. Analysts and investors can join the call through a live webcast or by registering for dial-in access. Pixelworks specializes in innovative video and display processing solutions, providing high-quality viewing experiences across various devices. For more details, visit www.pixelworks.com.
Pixelworks, Inc. (NASDAQ: PXLW), a leader in video and display processing solutions, will participate in the 25th Annual Needham Growth Conference on January 12, 2023, hosting virtual meetings with investors throughout the day. Portfolio managers and analysts can request meetings by contacting conferences@needhamco.com. With over 20 years in the industry, Pixelworks provides superior visual quality for various displays, enhancing viewing experiences across multiple platforms. For further information, visit www.pixelworks.com.
On January 4, 2023, Pixelworks announced that its visual processing chipset, X7, powers the new OnePlus 11 smartphone. This collaboration enhances mobile gaming through features like Ultra-Low Latency MotionEngine and Low Power Super-Resolution. The OnePlus 11 showcases a 2K display and supports up to 120 Hz refresh rates, optimizing the gaming experience with over 100 high frame rate games. The joint effort aims to elevate the visual quality of mobile gaming, leveraging cutting-edge technologies for an immersive experience.
Pixelworks, Inc. (NASDAQ: PXLW) announced that the iQOO Neo7 Racing Edition smartphone incorporates its upgraded X5 series visual processor, enhancing gaming and video experiences using MotionEngine technology and HDR Enhancement. Built on Qualcomm’s Snapdragon 8+ Gen 1 platform, the phone features a 6.78-inch AMOLED display with 1080p resolution and a 120Hz refresh rate. The collaboration aims to deliver superior visual quality in mobile gaming and video apps, with support for various enhancements and low frame rate gaming content.
Pixelworks, Inc. (PXLW) announced a significant equity investment in its majority-owned subsidiary, Pixelworks Semiconductor Technology (PWSH), securing approximately $15.7 million. This includes $1.4 million from employee entities for a 0.54% stake and $14.3 million from private investors for a 2.76% stake, with pre-money valuations of about $250.7 million and $501.4 million, respectively. Following this, Pixelworks will maintain a 78.2% interest in PWSH. The company reaffirmed its Q4 2022 revenue guidance of $16 million to $18 million.
Pixelworks, Inc. (NASDAQ: PXLW) announced the integration of its advanced X5 Plus visual processor in the new HONOR 80 GT smartphone, enhancing the device's gaming and video capabilities. This collaboration aims to optimize visual quality through features like MotionEngine® Technology, Always-HDR mode, and true color accuracy, all contributing to an immersive user experience. The HONOR 80 GT, powered by Qualcomm's Snapdragon® 8+ Gen 1, focuses on offering superior graphics performance with lower power consumption, catering especially to the gaming community.
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