secwatch.observer — SEC 8-K summary
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Issuer:     PIXELWORKS, INC (PXLW)
CIK:        0001040161
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001040161-23-000049
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pixelworks Q3 revenue $16.0M, up 18% sequentially; net loss widens to $7.0M
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- Revenue $16.0M, +18% QoQ; gross margin 42.9% (+260 bps QoQ). Mobile revenue record 52% of total, up 37% YoY.
- GAAP net loss $7.0M ($0.12/share) vs $4.5M loss ($0.08) year ago. Non-GAAP net loss $5.7M ($0.10/share).
- Adj. EBITDA negative $5.0M; cash $50.3M at quarter-end.
- Q4 guidance: anticipates 25% sequential revenue growth at midpoint.
- Launched X7 Gen 2 mobile visual processor with AI super-resolution; first customer phone expected early 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040161/000104016123000049/0001040161-23-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040161/000104016123000049/pxlw-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001040161-23-000049

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