Pixelworks Stock Price, News & Analysis

Pixelworks (NASDAQ: PXLW) announced that its advanced X5 Plus visual processor is featured in the newly launched HONOR Magic5 Pro smartphone, enhancing video and gaming experiences. The X5 Plus integrates various technologies including MotionEngine® for optimized frame rates, always-on HDR for improved color detail, and professional color calibration ensuring accurate color displays. These features, powered by the Snapdragon® 8 Gen 2 Mobile Platform, offer ultra-smooth picture quality and energy-efficient performance, thereby meeting consumer expectations for high-end smartphones.

Pixelworks, Inc. (NASDAQ: PXLW) reported a 27% increase in full-year revenue for 2022, reaching $70.1 million, driven by double-digit growth across all target markets. Q4 revenue was $16.9 million, slightly up from Q4 2021 and in line with expectations despite a challenging mobile market. The company's gross profit margin improved to 53.1% in Q4. Notably, Pixelworks recognized a $2.5 million R&D credit and secured a $15.7 million investment in its Shanghai subsidiary aimed at a local public listing. However, the company faced a net loss of $16.0 million for the year and anticipates continued challenges in the mobile sector.

Pixelworks, Inc. (NASDAQ: PXLW) has partnered with realme to integrate its X5 Plus visual processor into the newly launched realme GT Neo 5 smartphone. This collaboration aims to enhance video and gaming experiences through features like MotionEngine® technology, which increases frame rates up to 120Hz, Adaptive HDR for improved color quality, and Multi-Brightness Color Calibration for precise color reproduction. The smartphone, built on Qualcomm's Snapdragon® 8+ Gen 1 platform, supports 240W fast charging and offers advanced display capabilities, promising consumers an immersive viewing experience.

Pixelworks (NASDAQ:PXLW) announced that the OnePlus Ace 2 smartphone integrates its X7 visual processing chipset. This collaboration enhances mobile gaming through features like low latency MotionEngine®, low power super-resolution, and Always-On HDR. The Ace 2, powered by the Snapdragon 8+ Gen 1 platform, offers a 6.74-inch AMOLED display with a resolution of 2772x1240 pixels and supports a 120Hz refresh rate. Key benefits include ultra-low latency of 10ms, real-time HDR conversion, and factory calibration for accurate color reproduction, ensuring an extraordinary gaming experience across popular titles.

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.