Pixelworks Q3 revenue $17.6M (+16% YoY); mobile +25%; net loss $0.08/sh; cash $57.6M

PIXELWORKS, INC

2022-Q3 EPS reported -$0.26 revenue$53,258,000

Revenue $17.6M, up 16% YoY from $15.2M, down 8% sequentially from $19.1M.
GAAP net loss $4.5M ($0.08/sh); non-GAAP net loss $3.2M ($0.06/sh); adjusted EBITDA -$2.1M.
Mobile revenue +25% YoY; projector revenue +10% YoY to highest quarterly level in >2 years.
Closed strategic investment in Shanghai subsidiary, net proceeds ~$10.7M at ~$471.5M valuation.
Cash $57.6M, up from $49.6M at Q2 2022; no Q4 guidance provided.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PIXELWORKS, INC reported the third quarter ended September 30, 2022 results: revenue $17.6 million, net income GAAP net loss of $4.5 million, or ($0.08) per share, EPS ($0.08) per share.

Period: the third quarter ended September 30, 2022
Revenue: $17.6 million
Net income: GAAP net loss of $4.5 million, or ($0.08) per share
EPS: ($0.08) per share
Result: reported results

Exact text from the filing

growth initiatives and extend Pixelworks’ technology leadership in our target end markets.” Third Quarter Fiscal 2022 Financial Results Revenue in the third quarter of 2022 was $17.6 million, compared to $19.1 million in the second quarter of 2022 and $15.2 million in the third quarter of 2021. The year-over-year increase in third quarter revenue reflected strong

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Source: SEC EDGAR

accession 0001040161-22-000046

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