Last $5.28 USD
Change Today +0.12 / 2.33%
Volume 186.1K
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As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

pixelworks inc (PXLW) Key Developments

Pixelworks, Inc. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter of 2015

Pixelworks, Inc. announced unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2014. For the fourth quarter 2014, revenue was $15.1 million, compared to $17.1 million in the prior quarter and $15.0 million in the fourth quarter of 2013. The sequential decline in revenue was primarily the result of earlier than normal seasonality combined with year-end inventory adjustments at certain customers. For the fourth quarter of 2014, the company recorded a GAAP net loss of $2.8 million, or $0.12 per diluted share, compared to a GAAP net loss of $2.3 million, or $0.10 per diluted share, in the third quarter of 2014 and GAAP net loss of $50,000, or $0.00 per diluted share, in the fourth quarter of 2013. For the fourth quarter of 2014, the company reported a non-GAAP net loss of $1.4 million, or $0.06 per diluted share, compared to a non-GAAP net loss of $0.9 million, or $0.04 per share, in the third quarter of 2014 and non-GAAP net income of $1.3 million, or $0.05 per diluted share, in the fourth quarter of 2013. Adjusted EBITDA in the fourth quarter of 2014 was a negative $0.1 million, compared to a positive $0.4 million in the previous quarter and a positive $2.7 million in the fourth quarter of 2013. Loss from operations was $2,607,000 against income of $238,000 for the same period of last year. Loss before income taxes was $2,725,000 against income of $129,000 for the same period of last year. For the year, net revenue was $60,923,000 against $48,118,000 for the same period of last year. Loss from operations was $8,949,000 against $8,137,000 for the same period of last year. Loss before income taxes was $9,442,000 against $8,542,000 for the same period of last year. Net loss was $9,960,000 against $8,870,000 for the same period of last year. Net loss per diluted share was $0.44 against $0.45 for the same period of last year. Non-GAAP net loss was $4,593,000 against $5,493,000 for the same period of last year. Non-GAAP net loss per diluted share was $0.20 against $0.28 for the same period of last year. Adjusted EBITDA was $932,000 against loss of $351,000 for the same period of last year. For the first quarter of 2015, the company expects revenue to be in a range of between $14 and $16 million, expects gross profit margin for the quarter to range between 48% to 50% on a non-GAAP basis and 47% to 49% on a GAAP basis and finally, it expects a non-GAAP first quarter net loss of between 3 and 13 cents per share; and expects a GAAP net loss of between 8 cents and 18 cents per share.

Pixelworks, Inc. to Report Q4, 2014 Results on Feb 05, 2015

Pixelworks, Inc. announced that they will report Q4, 2014 results at 2:00 PM, Pacific Standard Time on Feb 05, 2015

Pixelworks, Inc., Q4 2014 Earnings Call, Feb 05, 2015

Pixelworks, Inc., Q4 2014 Earnings Call, Feb 05, 2015

Pixelworks, Inc. Presents at 17th Annual Needham Growth Conference, Jan-14-2015 04:10 PM

Pixelworks, Inc. Presents at 17th Annual Needham Growth Conference, Jan-14-2015 04:10 PM. Venue: New York Palace Hotel, 455 Madison Avenue, New York, New York, United States. Speakers: Bruce A. Walicek, Chief Executive Officer, President and Director, Steven L. Moore, Chief Financial Officer, Principal Accounting Officer, Vice President, Treasurer and Secretary.

Pixelworks, Inc. Enters Agreement to License its VueMagic Mobile Presenter for Projectors to BenQ

Pixelworks, Inc. announced that BenQ has licensed Pixelworks' VueMagic Mobile Presenter for its BenQ projectors. Re-branded as QPresenter Pro, the software will leverage VueMagic's wireless capability and interactive features. QPresenter Pro is available on BenQ projectors shipping. Similar to VueMagic, QPresenter Pro is an intuitive wireless projection application that operates using a Wi-Fi connection between BenQ's network-enabled projectors and the QPresenter mobile App. The application supports wireless projection from smart devices running iOS and Android by simply connecting the projector to a Wi-Fi dongle and linking the device to the projector. QPresenter Pro also enables the projection of various document formats, including PDF, PowerPoint, Word, Excel and image files. Additionally, BenQ QPresenter Pro features BenQ-provided user interface enhancements for easy projector set up and document sharing.

 

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