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 reported a 16% year-over-year increase in total revenue for Q3 2022, reaching $17.6 million, despite an 8% sequential decline. Mobile revenue surged 25% year-over-year, contributing to a 44% growth year-to-date, while projector revenue rose 10%. The company recorded a GAAP net loss of $4.5 million or ($0.08) per share, an improvement from Q2. Cash and cash equivalents grew to $57.6 million. The firm remains cautiously optimistic amid macroeconomic challenges, highlighting ongoing investments and partnerships in the visual processing market.
Pixelworks (NASDAQ: PXLW) is set to announce its third quarter 2022 financial results on November 7, 2022, after the market closes. The announcement will be followed by a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time), led by President and CEO Todd DeBonis and CFO Haley Aman. Analysts and investors can join the call via a registered dial-in or through a live webcast. Pixelworks, known for its innovative video and display processing solutions, aims to enhance viewing experiences across various devices.
Pixelworks (PXLW) announced the incorporation of its upgraded X5 series visual processor in the new iQOO Neo7 smartphone, enhancing mobile gaming and video experiences. The iQOO Neo7 features a 120Hz refresh rate FHD+ screen and 50MP main camera, supported by MediaTek's Dimensity 9000+ platform. Key attributes include Pixelworks' MotionEngine technology for smooth motion, gaming visual enhancements for immersive colors, and real-time SDR to HDR video conversion. The collaboration aims to provide users with personalized visual experiences across popular mobile games.
Pixelworks, Inc. (NASDAQ: PXLW) has appointed Dr. John Liu as an independent director on its Board of Directors, effective September 9, 2022. Dr. Liu brings extensive leadership experience from global tech companies, including Google and SK Telecom. His expertise in business development and strategy is expected to enhance Pixelworks' focus on mobile visual processing solutions in Asia and the promotion of its TrueCut Motion platform in North America. Following this appointment, the Board now consists of seven members.
Pixelworks, Inc. (NASDAQ: PXLW) announced an Equity Transfer Agreement with Chinese private equity investors for a minority stake in its subsidiary, Pixelworks Semiconductor Technology (Shanghai) Co., Ltd. The investors will pay approximately $12.9 million USD for a 2.73% equity interest, valuing the subsidiary at about $471.5 million USD. This transaction, expected to close in September 2022, highlights strong interest in Pixelworks' technology and its growing market opportunities in Asia, while the company will retain an 80.87% stake in PWSH.
PORTLAND, Ore., Aug. 16, 2022 /PRNewswire/ -- Pixelworks, Inc. (NASDAQ: PXLW), a leader in video and display processing solutions, will participate in two upcoming investor conferences. The Needham Virtual Semiconductor and SemiCap 1x1 Conference is on August 24, 2022, with virtual meetings throughout the day. The Jefferies Semiconductor, IT Hardware & Communications Infrastructure Summit is on August 31, 2022, at the Sofitel Magnificent Mile Hotel in Chicago, IL.
Portfolio managers and analysts can schedule meetings with management through their sales representatives.
Pixelworks reported strong financial results for Q2 2022, with total revenue of $19.1 million, reflecting a 36% year-over-year increase. Mobile revenue surged 68% year-over-year, now constituting 40% of total revenue, driven by record sales in smartphone visual processors. Additionally, projector revenue grew 12% year-over-year. Despite these achievements, the company recorded a GAAP net loss of $5.0 million and an adjusted EBITDA loss of $2.4 million. Cash reserves decreased to $49.6 million.
Pixelworks, Inc. (NASDAQ: PXLW) will release its Q2 2022 financial results on August 10, 2022, after market close. The announcement will be followed by a conference call at 2:00 p.m. PT, hosted by President and CEO Todd DeBonis and CFO Haley Aman. Investors can access the call through a live webcast or by registering for dial-in participation. Pixelworks specializes in video and display processing solutions, aiming to deliver superior visual quality across various devices. More details are available on their website.
Pixelworks has partnered with Lightstorm Entertainment to remaster iconic films AVATAR and TITANIC using its TrueCut Motion technology. This collaboration aims to enhance the cinematic experience by presenting both films in 4K with high dynamic range visuals and high frame rates. Director James Cameron emphasizes the improved visual quality while retaining the original cinematic look. Pixelworks' platform allows filmmakers to customize motion effects, potentially attracting further industry interest in their technology.
Pixelworks (NASDAQ: PXLW) announced the integration of its X7 visual processor into the realme GT2 Explorer Master Edition smartphone, enhancing gaming and video performance. This includes ultra-low latency MotionEngine technology and low power super-resolution, allowing for frame rate optimization up to 120fps. The smartphone is powered by Qualcomm's Snapdragon 8+ Gen 1 and features a 6.7-inch AMOLED display. This innovation aims to meet the increasing demands of mobile gamers and enhance user experience through improved graphics and battery efficiency.
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