Pixelworks Stock Price, News & Analysis

Pixelworks reported a 79% increase in total revenue year-over-year for Q1 2022, reaching $16.6 million, buoyed by strong performance in mobile visual processors. Mobile revenue saw a 40% growth, with record sales across multiple smartphone launches, including OPPO's Find X5 and HONOR's Magic4 series. Despite a GAAP net loss of $4.6 million for the quarter, gross margin exceeded expectations at 52.7%. The company expects continued growth in the second quarter, supported by robust bookings and supply allocation.

On April 26, 2022, Pixelworks (NASDAQ: PXLW) announced that Pixelogic is joining the TrueCut® Motion ecosystem. This partnership aims to provide filmmakers and streaming platforms with advanced motion grading technology, ensuring optimal picture quality across various screens. TrueCut Motion allows detailed control over motion visualization, addressing long-standing playback challenges. The platform has gained industry recognition and aims to deliver a consistent and high-quality viewing experience for audiences. This innovative approach positions Pixelworks as a leader in content mastering services.

Pixelworks, Inc. (NASDAQ: PXLW) will announce its first quarter 2022 financial results on May 10, 2022, after market close. CEO Todd DeBonis and CFO Haley Aman will host a conference call at 2:00 p.m. Pacific Time to discuss the results. Analysts and investors can access the call via phone or through a live audio webcast available on the company’s website. The telephone replay will also be accessible until May 17, 2022. Pixelworks specializes in video delivery and display processing solutions across various platforms.

Pixelworks (PXLW) announced that its patented visual processing technology powers the newly launched OnePlus Ace smartphone, enhancing its display quality and gaming capabilities. The OnePlus Ace features a 6.7-inch FHD+ AMOLED display with a refresh rate of up to 120 Hz, supported by MediaTek's Dimensity 8100-MAX platform. The device incorporates Pixelworks' MotionEngine technology for improved motion quality and color accuracy, ensuring a premium viewing experience. The OnePlus Ace will be available for purchase on April 26, 2022.

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.