Pixelworks Stock Price, News & Analysis

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.

Pixelworks announced the integration of its X5 Plus visual processor in the new iQOO Neo6 smartphone, enhancing mobile gaming with high-definition visuals and ultra-smooth performance. The iQOO Neo6 features a 6.62-inch AMOLED screen with a resolution of 2400 x 1080 pixels and supports up to 120 Hz refresh rates. New gaming modes and filters allow users to customize visual quality. Pixelworks' technology supports features like MotionEngine for smoother animations, HDR enhancement, and accurate color reproduction. This collaboration aims to elevate the mobile gaming experience significantly.

Pixelworks (PXLW) announces the integration of its X5 Series advanced visual processor in the new realme GT Neo3 smartphone, enhancing visual quality and delivering an ultra-smooth gaming experience. Featuring the MediaTek Dimensity 8100 chipset, this flagship-light smartphone offers exceptional performance with a benchmark score over 820,000. The GT Neo3 includes impressive features like 150W UltraDart fast charging and a 6.7-inch OLED display with up to 120Hz refresh rate. The collaboration emphasizes the commitment to innovation and user experience.

Pixelworks announced that its advanced visual processor, X5 Plus, is integrated into the newly launched HONOR Magic4 Series, including the Magic4 Pro and Zhizhen Edition. These flagship smartphones are designed to enhance user experience through superior display technologies such as Dual MotionEngine® and Adaptive HDR. The series features high-performance specifications with the Qualcomm® Snapdragon™ 8 Gen 1 platform, aiming to reshape the high-end smartphone market. The devices will be commercially available in April 2022.

On February 28, 2022, Pixelworks (NASDAQ: PXLW) announced that its X5 Plus visual processor is integrated into the HONOR Magic4 Pro smartphone. This partnership enhances display technologies, including Dual MotionEngine® technology, adaptive HDR, and absolute color accuracy, contributing to an advanced visual experience. The Magic4 Pro, powered by Qualcomm Snapdragon 8 Gen 1, features a 6.81-inch AMOLED display and impressive camera capabilities. Expected to launch in H1 2022, this collaboration aims to strengthen market presence, particularly in China.

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.