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Last $5.63 USD
Change Today +0.51 / 9.96%
Volume 570.2K
PXLW On Other Exchanges
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NASDAQ GM
Frankfurt
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

pixelworks inc (PXLW) Key Developments

Pixelworks, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015

Pixelworks, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's revenue, net was $15,078,000 against $15,166,000 a year ago. Loss from operations was $2,455,000 against $1,935,000 a year ago. Loss before income taxes was $2,560,000 against $2,065,000 a year ago. Net loss was $2,796,000 against $2,382,000 a year ago. Net loss basic and diluted per share was $0.12 against $0.11 a year ago. Non-GAAP net loss was $1,949,000 against $1,453,000 a year ago. Non-GAAP net loss basic and diluted per share was $0.08 against $0.06 a year ago. Adjusted LBITDA was $521,000 against EBITDA of $182,000 a year ago. For the six months, the company's revenue, net was $29,470,000 against $28,707,000 a year ago. Loss from operations was $5,693,000 against $4,374,000 a year ago. Loss before income taxes was $5,905,000 against $4,626,000 a year ago. Net loss was $6,160,000 against $4,889,000 a year ago. Net loss basic and diluted per share was $0.26 against $0.22 a year ago. Non-GAAP net loss was $4,255,000 against $2,239,000 a year ago. Non-GAAP net loss basic and diluted per share was $0.18 against $0.10 a year ago. Adjusted LBITDA was $1,583,000 against EBITDA of $646,000 a year ago. For the third quarter of 2015, the company's expect revenue to be in a range of between $16 and $18 million. This range largely reflects seasonal strength in the Projector market and also includes a modest amount of mobile revenue in line with expectation of beginning mass production shipments of Iris chips during the third quarter. The company's expect gross profit margin for the quarter to range between 48% to 50% on a non-GAAP basis and 48% to 50% on a GAAP basis. Operating expenses to range between $8.5 and $9.5 million on a non-GAAP basis, and $9.5 to $10.5 million on a GAAP basis. Non-GAAP EPS of between 10 cents loss per share and 1 cent earnings per share and the company expects a GAAP net loss of between 14 cents and 4 cents per share.

Pixelworks, Inc. to Report Q2, 2015 Results on Jul 30, 2015

Pixelworks, Inc. announced that they will report Q2, 2015 results at 2:00 PM, Pacific Standard Time on Jul 30, 2015

Pixelworks, Inc., Q2 2015 Earnings Call, Jul 30, 2015

Pixelworks, Inc., Q2 2015 Earnings Call, Jul 30, 2015

ASUS Selects Pixelworks, Inc.'s Iris Mobile Display Processor and True Clarity Enhancements for ZenPad Tablet

Pixelworks, Inc. announced that the new ASUS Hero ZenPad incorporated Pixelworks’ True Clarity display enhancements. The Hero ZenPad features ASUS’ Tru2Life display technology delivering a full, rich mobile user experience. Pixelworks’ True Clarity powers the display, offering increased realism and enabling the display to perform its full potential. By taking advantage of this and other True Clarity enhancements, the Hero ZenPad makes the most of its crisp 2048x1536 pixel screen. With the introduction of this product, ASUS has set a new industry benchmark for clarity, sharpness, and usability for next-generation mobile displays. Based on Pixelworks’ mobile display processing technology, True Clarity works at the pixel level to dramatically improve the mobile viewing experience by removing these video artifacts. This advanced technology is the foundation of Pixelworks’ Iris family of products. As a result of these enhancements, Pixelworks’ True Clarity improves all aspects of the mobile viewing experience, including gaming, video, photos, web browsing and productivity.

Pixelworks, Inc. Provides Earnings Guidance for the Second Quarter of 2015

For the second quarter of 2015, Pixelworks, Inc. expects revenues to be in the range of between $14 million and $16 million. The company 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. In terms of operating expenses, the company expects the second quarter to range between $8.5 million and $9.5 million on a non-GAAP basis and $9.5 million and $10.5 million on a GAAP basis. And finally, the company expects non-GAAP second quarter net loss of between $0.04 and $0.14 per share, and the company expects the GAAP net loss of between $0.09 and $0.19 per share.

 

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