Welcome to our dedicated page for Pixelworks news (Ticker: PXLW), a resource for investors and traders seeking the latest updates and insights on Pixelworks stock.
Pixelworks develops and licenses cinematic visualization technology for content creation, delivery and display processing. Its news centers on the TrueCut Motion platform, a motion-grading system that lets filmmakers manage judder, motion blur and frame rates shot by shot while preserving a consistent cinematic look across theaters and other screens.
Company updates also cover exhibitor endorsements, premium-format movie deployments, studio and theater relationships, quarterly and annual financial results, share repurchase authorization, and business-development leadership tied to its licensing strategy.
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On April 26, 2023, Pixelworks (NASDAQ: PXLW) announced its visual processing technology is integrated into flagship smartphones, including the HONOR Magic5 Pro and OnePlus 11. The HONOR Magic5 Pro scored 151 on the DXOMARK display test, the highest globally, demonstrating excellent color accuracy and brightness. The OnePlus 11 offers a 120fps gaming experience on over 100 titles, enhancing mobile gaming quality. Pixelworks aims to provide immersive visual experiences while balancing performance and power consumption. This collaboration with major smartphone brands underscores Pixelworks' commitment to delivering cutting-edge display solutions, enhancing user experiences across various devices.
Pixelworks, Inc. (NASDAQ: PXLW) announced it will release its first quarter 2023 financial results on May 9, 2023, after market close. The scheduled conference call will take place at 2:00 p.m. Pacific Time, featuring insights from Todd DeBonis, President and CEO, and Haley Aman, CFO. Investors can join the call via a live webcast or dial-in. Pixelworks specializes in video and display processing solutions, boasting over 20 years of experience in enhancing viewing experiences across various platforms. The call will discuss the fiscal performance, providing key metrics that could impact investor decisions.
On April 13, 2023, Pixelworks (NASDAQ: PXLW) announced its visual processing technology integration with the newly launched ASUS ROG Phone 7 Series. This collaboration enhances smartphone display quality through features like Always-on HDR, HDR Enhancement, and Professional Color Calibration. The ROG Phone 7 boasts a 6.78-inch AMOLED screen, 2448×1080 resolution, and peak brightness of 1,500 nits, supporting up to 165 Hz refresh rates. Key enhancements provide a native SDR to HDR conversion, improved color accuracy with a delta-E of less than 1, and eye comfort via DC Dimming. Pixelworks aims to deliver superior viewing experiences while maintaining strong core performance in gaming and media consumption.
On March 6, 2023, Pixelworks (NASDAQ: PXLW) announced its advanced X5 Plus visual processor's integration into the new HONOR Magic5 series smartphones, including Magic5 Pro and Magic5 Ultimate. These smartphones feature enhanced visual performance through technologies like MotionEngine®, ensuring smooth motion for video and gaming, Always-HDR mode for improved color and detail, and professional color calibration. The devices utilize Qualcomm's Snapdragon® 8 Gen 2 Mobile Platform and are designed to provide users with an immersive visual experience. The collaboration aims to solidify Pixelworks' position in the competitive smartphone market.
Pixelworks (NASDAQ: PXLW), a leader in video and display processing solutions, will participate in the 35th Annual ROTH Conference on March 13, 2023, at the Ritz Carlton-Laguna Niguel Hotel, Dana Point, CA. Management will meet with investors throughout the day. Portfolio managers and analysts seeking to meet Pixelworks management can contact their ROTH Capital Partners representative.
Pixelworks has a 20-year history of delivering innovative image processing technology, enhancing viewing experiences across various platforms, from cinema to smartphones.
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.