Pixelworks Stock Price, News & Analysis

Pixelworks, Inc. (NASDAQ: PXLW) announced an Equity Transfer Agreement with Chinese private equity investors for a minority stake in its subsidiary, Pixelworks Semiconductor Technology (Shanghai) Co., Ltd. The investors will pay approximately $12.9 million USD for a 2.73% equity interest, valuing the subsidiary at about $471.5 million USD. This transaction, expected to close in September 2022, highlights strong interest in Pixelworks' technology and its growing market opportunities in Asia, while the company will retain an 80.87% stake in PWSH.

PORTLAND, Ore., Aug. 16, 2022 /PRNewswire/ -- Pixelworks, Inc. (NASDAQ: PXLW), a leader in video and display processing solutions, will participate in two upcoming investor conferences. The Needham Virtual Semiconductor and SemiCap 1x1 Conference is on August 24, 2022, with virtual meetings throughout the day. The Jefferies Semiconductor, IT Hardware & Communications Infrastructure Summit is on August 31, 2022, at the Sofitel Magnificent Mile Hotel in Chicago, IL.

Portfolio managers and analysts can schedule meetings with management through their sales representatives.

Pixelworks reported strong financial results for Q2 2022, with total revenue of $19.1 million, reflecting a 36% year-over-year increase. Mobile revenue surged 68% year-over-year, now constituting 40% of total revenue, driven by record sales in smartphone visual processors. Additionally, projector revenue grew 12% year-over-year. Despite these achievements, the company recorded a GAAP net loss of $5.0 million and an adjusted EBITDA loss of $2.4 million. Cash reserves decreased to $49.6 million.

Pixelworks, Inc. (NASDAQ: PXLW) will release its Q2 2022 financial results on August 10, 2022, after market close. The announcement will be followed by a conference call at 2:00 p.m. PT, hosted by President and CEO Todd DeBonis and CFO Haley Aman. Investors can access the call through a live webcast or by registering for dial-in participation. Pixelworks specializes in video and display processing solutions, aiming to deliver superior visual quality across various devices. More details are available on their website.

Pixelworks has partnered with Lightstorm Entertainment to remaster iconic films AVATAR and TITANIC using its TrueCut Motion technology. This collaboration aims to enhance the cinematic experience by presenting both films in 4K with high dynamic range visuals and high frame rates. Director James Cameron emphasizes the improved visual quality while retaining the original cinematic look. Pixelworks' platform allows filmmakers to customize motion effects, potentially attracting further industry interest in their technology.

Pixelworks (NASDAQ: PXLW) announced the integration of its X7 visual processor into the realme GT2 Explorer Master Edition smartphone, enhancing gaming and video performance. This includes ultra-low latency MotionEngine technology and low power super-resolution, allowing for frame rate optimization up to 120fps. The smartphone is powered by Qualcomm's Snapdragon 8+ Gen 1 and features a 6.7-inch AMOLED display. This innovation aims to meet the increasing demands of mobile gamers and enhance user experience through improved graphics and battery efficiency.

Pixelworks (NASDAQ: PXLW) has announced its collaboration with ASUS for the ROG Phone 6 series, launched on July 5, 2022. This smartphone integrates advanced visual processing solutions from Pixelworks, offering features like HDR technology and color accuracy enhancements. The ROG Phone 6, powered by the Snapdragon 8+ Gen 1 platform, showcases a 6.78-inch AMOLED screen with a 165 Hz refresh rate. The integration promises improved gaming experiences with a focus on visual quality, user comfort, and collaboration with Tencent for optimized content.

Pixelworks (NASDAQ: PXLW) has partnered with ByteDance's Nuverse to enhance visual quality for mobile gaming with its Rendering Accelerator SDK. The integration in the One Piece Fighting Path game allows up to 4x frame rate increase while reducing power consumption. The game, based on a popular manga, achieved 610,000 reviews with a 4.9/5 score in app stores. Pixelworks aims to optimize gaming visuals across the production lifecycle, balancing high frame rates and power efficiency, thereby enhancing user engagement and experience.

Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of innovative video and display processing solutions, will participate in the 19th Annual Craig-Hallum Institutional Investor Conference on June 1, 2022. CEO Todd DeBonis and CFO Haley Aman will be available for investor meetings throughout the day. Interested portfolio managers and analysts can schedule meetings through Craig-Hallum sales representatives. Pixelworks specializes in content creation, video delivery, and display processing, aiming for superior visual quality across various devices. More information is available on their website.