secwatch.observer — SEC 8-K summary
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Issuer:     PIXELWORKS, INC (PXLW)
CIK:        0001040161
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001040161-24-000017
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040161/000104016124000017/0001040161-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040161/000104016124000017/pxlw-20240514.htm
  HTML page:      https://secwatch.observer/filing/0001040161-24-000017

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