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) has announced its collaboration with ASUS for the ROG Phone 6 series, launched on July 5, 2022. This smartphone integrates advanced visual processing solutions from Pixelworks, offering features like HDR technology and color accuracy enhancements. The ROG Phone 6, powered by the Snapdragon 8+ Gen 1 platform, showcases a 6.78-inch AMOLED screen with a 165 Hz refresh rate. The integration promises improved gaming experiences with a focus on visual quality, user comfort, and collaboration with Tencent for optimized content.
Pixelworks (NASDAQ: PXLW) has partnered with ByteDance's Nuverse to enhance visual quality for mobile gaming with its Rendering Accelerator SDK. The integration in the One Piece Fighting Path game allows up to 4x frame rate increase while reducing power consumption. The game, based on a popular manga, achieved 610,000 reviews with a 4.9/5 score in app stores. Pixelworks aims to optimize gaming visuals across the production lifecycle, balancing high frame rates and power efficiency, thereby enhancing user engagement and experience.
Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of innovative video and display processing solutions, will participate in the 19th Annual Craig-Hallum Institutional Investor Conference on June 1, 2022. CEO Todd DeBonis and CFO Haley Aman will be available for investor meetings throughout the day. Interested portfolio managers and analysts can schedule meetings through Craig-Hallum sales representatives. Pixelworks specializes in content creation, video delivery, and display processing, aiming for superior visual quality across various devices. More information is available on their website.
Pixelworks (NASDAQ: PXLW) announced that its X5 Plus visual processor is featured in the new vivo S15 Pro smartphone, enhancing mobile gaming performance with superior visual quality. The device boasts a 6.56-inch FHD+POLED display, 120Hz refresh rates, and 1500 nits peak brightness. It supports efficient battery management and rapid 88W flash charging. Key technologies include MotionEngine for smoother animations and customizable game display filters for an immersive experience. This partnership aims to attract younger consumers seeking enhanced gaming performance.
Pixelworks reported a 79% increase in total revenue year-over-year for Q1 2022, reaching $16.6 million, buoyed by strong performance in mobile visual processors. Mobile revenue saw a 40% growth, with record sales across multiple smartphone launches, including OPPO's Find X5 and HONOR's Magic4 series. Despite a GAAP net loss of $4.6 million for the quarter, gross margin exceeded expectations at 52.7%. The company expects continued growth in the second quarter, supported by robust bookings and supply allocation.
On April 26, 2022, Pixelworks (NASDAQ: PXLW) announced that Pixelogic is joining the TrueCut® Motion ecosystem. This partnership aims to provide filmmakers and streaming platforms with advanced motion grading technology, ensuring optimal picture quality across various screens. TrueCut Motion allows detailed control over motion visualization, addressing long-standing playback challenges. The platform has gained industry recognition and aims to deliver a consistent and high-quality viewing experience for audiences. This innovative approach positions Pixelworks as a leader in content mastering services.
Pixelworks, Inc. (NASDAQ: PXLW) will announce its first quarter 2022 financial results on May 10, 2022, after market close. CEO Todd DeBonis and CFO Haley Aman will host a conference call at 2:00 p.m. Pacific Time to discuss the results. Analysts and investors can access the call via phone or through a live audio webcast available on the company’s website. The telephone replay will also be accessible until May 17, 2022. Pixelworks specializes in video delivery and display processing solutions across various platforms.
Pixelworks (PXLW) announced that its patented visual processing technology powers the newly launched OnePlus Ace smartphone, enhancing its display quality and gaming capabilities. The OnePlus Ace features a 6.7-inch FHD+ AMOLED display with a refresh rate of up to 120 Hz, supported by MediaTek's Dimensity 8100-MAX platform. The device incorporates Pixelworks' MotionEngine technology for improved motion quality and color accuracy, ensuring a premium viewing experience. The OnePlus Ace will be available for purchase on April 26, 2022.
Pixelworks (NASDAQ: PXLW) announced its status as a Unity Verified Solutions Partner (VSP) on April 19, 2022. This partnership confirms that the Pixelworks SDK is optimized for the latest Unity editor, enhancing mobile game development.
Pixelworks aims to address mobile gaming challenges through its X7 visual processor and Rendering Accelerator, which improve frame rates and extend gameplay duration. The collaboration with Unity is expected to foster a sustainable gaming ecosystem, benefiting developers and users by delivering superior visual quality and performance in mobile gaming.
Pixelworks, Inc. (NASDAQ: PXLW) has nominated Dean Butler for election to its board of directors at the annual meeting on May 12, 2022. Butler is currently the CFO of Synaptics and has held senior finance roles at Marvell and Broadcom, bringing significant experience in the semiconductor industry. His expertise is expected to enhance Pixelworks' growth strategy in mobile markets. This nomination follows the planned retirement of Richard Sanquini as he transitions to Chairman Emeritus, maintaining a six-member board.
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