Pixelworks Q4 rev $20.1M (+25% seq); mobile record $11.9M; net loss $3.7M

PIXELWORKS, INC

2023-FY EPS reported -$0.47 revenue$59,677,000

Q4 revenue $20.1M, up 25% sequentially and 19% YoY; GAAP net loss $3.7M ($0.07/sh).
Mobile revenue record $11.9M, up 44% seq and >200% YoY; full-year mobile rev $30M (+33% YoY).
Multi-year TrueCut Motion deal with Walt Disney Studios; Universal's Argylle released in TrueCut format.
Cash $47.5M at year-end; guidance expects accelerated mobile growth and non-GAAP profitability in H2 2024.
OnePlus 12 and HONOR 90 GT launched with Pixelworks X7 and X5 Plus processors.

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 fourth quarter and fiscal year ended December 31, 2023 results: revenue $20.1 million, net income GAAP net loss of $3.7 million, EPS ($0.07) per share.

Period: fourth quarter and fiscal year ended December 31, 2023
Revenue: $20.1 million
Net income: GAAP net loss of $3.7 million
EPS: ($0.07) per share
Result: reported results

Exact text from the filing

path to achieve quarterly non-GAAP profitability in the second half of the year.” Fourth Quarter and Fiscal Year 2023 Financial Results Revenue in the fourth quarter of 2023 was $20.1 million, compared to $16.0 million in the third quarter of 2023 and $16.9 million in the fourth quarter of 2022. The sequential and year-over-year increase in fourth quarter revenue was

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Source: SEC EDGAR

accession 0001040161-24-000005

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