{"schema_version":"secwatch.filing_event.v1","accession":"0001040161-23-000020","form_type":"8-K","ticker":"PXLW","cik":"0001040161","company_name":"PIXELWORKS, INC","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.724183+00:00","generated_at":"2026-06-15T07:53:46.613963+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Pixelworks Q1 revenue $10M, GAAP net loss $9.4M (-$0.17); guides mobile recovery in Q2","bullets":["Revenue $10.0M, down from $16.9M Q4'22 and $16.6M Q1'22; GAAP gross margin 43.8% vs 53.1%.","GAAP net loss $9.4M (-$0.17) vs Q4'22 loss $1.9M (-$0.04) and Q1'22 loss $4.6M (-$0.09).","Non-GAAP net loss $8.2M (-$0.15) vs Q4'22 loss $0.8M (-$0.01) and Q1'22 loss $3.5M (-$0.06).","Cash $62.8M, up from $56.8M Q4'22; includes $14.6M net proceeds from Shanghai subsidiary investment.","Management says Q1 was cyclical bottom; expects strong mobile revenue growth in Q2 and fourth tier-one customer design-in."],"urls":{"canonical":"https://secwatch.observer/filing/0001040161-23-000020","json":"https://secwatch.observer/filing/0001040161-23-000020.json","markdown":"https://secwatch.observer/filing/0001040161-23-000020.md","text":"https://secwatch.observer/filing/0001040161-23-000020.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1040161/000104016123000020/0001040161-23-000020-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1040161/000104016123000020/pxlw-20230509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T07:53:46.613963+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"77170b9f0cea9a3567e0ec2e1046338d6fa1081e","claim":"PIXELWORKS, INC reported first quarter ended March 31, 2023 results: revenue $10.0 million, net income $9.4 million, EPS ($0.17) per share.","evidence_excerpt":"Revenue in the first quarter of 2023 was $10.0 million, compared to $16.9 million in the fourth quarter of 2022 and $16.6 million in the first quarter of 2022. The sequential and year-over-year decline in revenue reflected a combination of seasonality in the projector market and an inventory correction in the mobile market, as well as the lower anticipated revenue contribution from video delivery following the end-of-life implemented for certain products at the end of 2022. On a GAAP basis, gross profit margin in the first quarter of 2023 was 43.8%, compared to 53.1% in the fourth quarter of 2022 and 52.7% in the first quarter of 2022. First quarter 2023 GAAP operating expenses were $14.7 million, compared to $12.0 million in the fourth quarter of 2022 and $12.6 million in the year-ago quarter. On a non-GAAP basis, first quarter 2023 gross profit margin was 44.1%, compared to 53.3% in the fourth quarter of 2022 and 53.2% in the year-ago quarter. First quarter 2023 non-GAAP operating ex","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1040161/000104016123000020/0001040161-23-000020-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$10.0 million"},{"label":"Net income","value":"$9.4 million"},{"label":"EPS","value":"($0.17) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}