Pixelworks Q1 revenue up 61% YoY to $16.1M; mobile revenue record 61% of total

PIXELWORKS, INC

2024-Q1 EPS reported -$0.09 revenue$16,054,000

Total revenue $16.1M, up 61% YoY; mobile revenue $9.8M (61% of total), up ~200% YoY.
GAAP gross margin 50.5% vs 43.8% YoY; GAAP net loss $5.1M ($0.09 loss per share).
Non-GAAP net loss $4.0M ($0.07 loss per share); adjusted EBITDA negative $3.2M.
Cash $46.2M at quarter end vs $47.5M prior quarter; minimal cash used from ops.
New mobile wins: Transsion Infinix GT 20 Pro and vivo iQOO Z9 Turbo with X5 Turbo processor.

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 first quarter ended March 31, 2024 results: revenue $16.1 million, net income ($5.1 million), or ($0.09) per share, EPS ($0.09) per share.

Period: the first quarter ended March 31, 2024
Revenue: $16.1 million
Net income: ($5.1 million), or ($0.09) per share
EPS: ($0.09) per share
Result: reported results

Exact text from the filing

key milestones across our mobile and TrueCut Motion businesses throughout the balance of the year.” First Quarter 2024 Financial Results Revenue in the first quarter of 2024 was $16.1 million, compared to $20.1 million in the fourth quarter of 2023 and $10.0 million in the first quarter of 2023. The year-over-year increase in first quarter revenue was driven by strong

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Source: SEC EDGAR

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