Pixelworks Stock Price, News & Analysis

Pixelworks, Inc. (NASDAQ: PXLW) will release its fourth quarter and fiscal 2022 financial results on February 9, 2023, after market close. The announcement will be followed by a conference call at 3:00 p.m. Pacific Time, led by Todd DeBonis, President and CEO, along with Haley Aman, CFO. Analysts and investors can join the call through a live webcast or by registering for dial-in access. Pixelworks specializes in innovative video and display processing solutions, providing high-quality viewing experiences across various devices. For more details, visit www.pixelworks.com.

Pixelworks, Inc. (NASDAQ: PXLW), a leader in video and display processing solutions, will participate in the 25^th Annual Needham Growth Conference on January 12, 2023, hosting virtual meetings with investors throughout the day. Portfolio managers and analysts can request meetings by contacting conferences@needhamco.com. With over 20 years in the industry, Pixelworks provides superior visual quality for various displays, enhancing viewing experiences across multiple platforms. For further information, visit www.pixelworks.com.

On January 4, 2023, Pixelworks announced that its visual processing chipset, X7, powers the new OnePlus 11 smartphone. This collaboration enhances mobile gaming through features like Ultra-Low Latency MotionEngine and Low Power Super-Resolution. The OnePlus 11 showcases a 2K display and supports up to 120 Hz refresh rates, optimizing the gaming experience with over 100 high frame rate games. The joint effort aims to elevate the visual quality of mobile gaming, leveraging cutting-edge technologies for an immersive experience.

Pixelworks, Inc. (NASDAQ: PXLW) announced that the iQOO Neo7 Racing Edition smartphone incorporates its upgraded X5 series visual processor, enhancing gaming and video experiences using MotionEngine technology and HDR Enhancement. Built on Qualcomm’s Snapdragon 8+ Gen 1 platform, the phone features a 6.78-inch AMOLED display with 1080p resolution and a 120Hz refresh rate. The collaboration aims to deliver superior visual quality in mobile gaming and video apps, with support for various enhancements and low frame rate gaming content.

Pixelworks, Inc. (PXLW) announced a significant equity investment in its majority-owned subsidiary, Pixelworks Semiconductor Technology (PWSH), securing approximately $15.7 million. This includes $1.4 million from employee entities for a 0.54% stake and $14.3 million from private investors for a 2.76% stake, with pre-money valuations of about $250.7 million and $501.4 million, respectively. Following this, Pixelworks will maintain a 78.2% interest in PWSH. The company reaffirmed its Q4 2022 revenue guidance of $16 million to $18 million.

Pixelworks, Inc. (NASDAQ: PXLW) announced the integration of its advanced X5 Plus visual processor in the new HONOR 80 GT smartphone, enhancing the device's gaming and video capabilities. This collaboration aims to optimize visual quality through features like MotionEngine® Technology, Always-HDR mode, and true color accuracy, all contributing to an immersive user experience. The HONOR 80 GT, powered by Qualcomm's Snapdragon® 8+ Gen 1, focuses on offering superior graphics performance with lower power consumption, catering especially to the gaming community.

Pixelworks reported a 16% year-over-year increase in total revenue for Q3 2022, reaching $17.6 million, despite an 8% sequential decline. Mobile revenue surged 25% year-over-year, contributing to a 44% growth year-to-date, while projector revenue rose 10%. The company recorded a GAAP net loss of $4.5 million or ($0.08) per share, an improvement from Q2. Cash and cash equivalents grew to $57.6 million. The firm remains cautiously optimistic amid macroeconomic challenges, highlighting ongoing investments and partnerships in the visual processing market.

Pixelworks (NASDAQ: PXLW) is set to announce its third quarter 2022 financial results on November 7, 2022, after the market closes. The announcement will be followed by a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time), led by President and CEO Todd DeBonis and CFO Haley Aman. Analysts and investors can join the call via a registered dial-in or through a live webcast. Pixelworks, known for its innovative video and display processing solutions, aims to enhance viewing experiences across various devices.

Pixelworks (PXLW) announced the incorporation of its upgraded X5 series visual processor in the new iQOO Neo7 smartphone, enhancing mobile gaming and video experiences. The iQOO Neo7 features a 120Hz refresh rate FHD+ screen and 50MP main camera, supported by MediaTek's Dimensity 9000+ platform. Key attributes include Pixelworks' MotionEngine technology for smooth motion, gaming visual enhancements for immersive colors, and real-time SDR to HDR video conversion. The collaboration aims to provide users with personalized visual experiences across popular mobile games.