Pixelworks Stock Price, News & Analysis

Pixelworks (NASDAQ: PXLW) and OPPO announced a collaboration for the new OPPO Find X5 series smartphones, which integrate Pixelworks' patented color and brightness calibration technology. This partnership enhances visual quality, ensuring accurate color reproduction with Delta E values below 1. The Find X5 series features three models, all leveraging advanced display technologies. The smartphones will be available on March 3, 2022. This collaboration aims to satisfy the increasing consumer demand for superior visual experiences in the era of advanced mobile connectivity.

Pixelworks, Inc. (NASDAQ: PXLW) announced the retirement of Chairman Richard L. Sanquini, who will not seek reelection at the 2022 annual meeting. He will transition to the role of Chairman Emeritus. The board will nominate current director Daniel J. Heneghan as the new Chairman post-election. Heneghan, an independent director since April 2006 and Audit Committee Chair, has a strong background in the semiconductor industry. CEO Todd DeBonis acknowledged Sanquini’s contributions to the company’s growth and expressed optimism for the future under Heneghan’s leadership.

Pixelworks, Inc. (NASDAQ: PXLW) reported strong financial results for Q4 and fiscal 2021, with revenue of $16.6 million in Q4, a 73% year-over-year increase, and a full-year revenue of $55.1 million, up 35% from 2020. The mobile market was pivotal, growing 3x year-over-year, driven by record sales of visual processing solutions. The gross profit margin improved to 53.5% for Q4 and 50.3% for the year. However, the company recorded a GAAP net loss of $3.3 million in Q4 and $19.8 million for the year. Management remains optimistic about 2022 due to strong customer demand and partnerships.

Pixelworks, Inc. (NASDAQ: PXLW) announced the appointment of Frank Liu as Senior Vice President of Operations and Linna Liu as Chief Financial Officer and Senior Vice President of Finance for its Shanghai subsidiary. These appointments are aimed at strengthening leadership as the company expands its presence in Asia, particularly in the mobile and projector markets. Todd DeBonis, CEO, emphasized the importance of local leadership to drive growth in China and highlighted the experienced backgrounds of the new executives. Both express optimism about navigating supply challenges and enhancing operational efficiency.

Pixelworks, Inc. (NASDAQ: PXLW) is set to release its fourth quarter and fiscal 2021 financial results on February 10, 2022, after market close. The conference call will be hosted by Todd DeBonis, President and CEO, along with Haley Aman, CFO, at 2:00 p.m. Pacific Time. Analysts and investors can participate through a dedicated conference call number or join via a live audio webcast, which will also be archived for about 90 days. For more details, visit www.pixelworks.com.

Pixelworks, Inc. (NASDAQ: PXLW) announced preliminary financial results for Q4 2021, projecting revenue between $16 million and $17 million, exceeding original guidance of $15.5 million to $17.5 million. Non-GAAP gross margin and operating expense are also expected to align with previous forecasts. CEO Todd DeBonis stated the company is experiencing strong momentum and growth with tier-one mobile OEMs, predicting better than seasonal results for Q1 2022. Complete financial results will be reported in early February 2022.

On January 11, 2022, Pixelworks (NASDAQ: PXLW) announced its collaboration with OnePlus to enhance the display technology of the newly launched OnePlus 10 Pro smartphone. Utilizing Pixelworks' Pro Software, the smartphone achieves superior color accuracy and visual comfort across various lighting conditions. The OnePlus 10 Pro features a fluid AMOLED display with LTPO calibration technology and a 120Hz refresh rate, powered by the Qualcomm Snapdragon 8 Gen 1 platform. This partnership aims to provide users with a highly authentic viewing experience.

Pixelworks, a leader in video processing solutions, will attend the 24th Annual Needham Growth Conference virtually on January 12, 2022. CEO Todd DeBonis is set to present at 9:30 a.m. PT. A live webcast will be available on the company's Investor Relations page. Pixelworks specializes in creating authentic viewing experiences across various screens by delivering innovative video delivery and display processing technology, backed by 20 years of industry experience.

Pixelworks, Inc. (NASDAQ: PXLW) announced that its X5 Pro visual processor has been integrated into the iQOO 9 series smartphones, enhancing mobile gaming performance. The iQOO 9 features a 6.78-inch AMOLED screen with up to 120 Hz refresh rate, while the 9 Pro boasts a higher resolution and variable frame rate. Both models utilize Pixelworks technology for improved frame rates and battery life. Recognized by the King Premier League, the iQOO 9 series aims to set a benchmark in high-performance smartphones. Key features include MotionEngine® Technology and Always-HDR Mode for an immersive gaming experience.