secwatch.observer — SEC 8-K summary
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Issuer:     PIXELWORKS, INC (PXLW)
CIK:        0001040161
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001040161-23-000033
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pixelworks Q2 revenue $13.6M (+37% QoQ); mobile revenue doubles to 50% of total
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- Revenue $13.6M, up 37% sequentially; GAAP net loss ($0.11)/share improved from ($0.17) in Q1.
- Mobile revenue grew 109% QoQ to record 50% of total; fourth tier-one mobile customer began ramping.
- GAAP gross margin 40.3% vs 43.8% Q1; non-GAAP net loss ($4.8M); adjusted EBITDA negative $4.0M.
- Launched IRX Gaming Experience brand; Xiaomi Redmi K60 Ultra & OnePlus Ace2 Pro announced with X7 processor.
- Retained CITIC Securities for planned STAR listing of Shanghai subsidiary; Q3 guide sees sequential growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040161/000104016123000033/0001040161-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040161/000104016123000033/pxlw-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001040161-23-000033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer