Pixelworks Q2 revenue $8.5M, loss widens; workforce cut for $4M savings

PIXELWORKS, INC

2024-Q2 EPS reported -$0.26 revenue$24,589,000

Revenue $8.5M, down 37% QoQ from $16.1M and down 38% YoY from $13.6M.
GAAP net loss $10.1M ($0.17 per share) vs loss $5.1M ($0.09) in Q1 2024.
Non-GAAP net loss $7.7M ($0.13 per share); adjusted EBITDA negative $7.0M.
Cash $37.8M at June 30, down $9.7M from Dec 31, 2023; workforce reduction to yield $4M annual savings.
Expects sequential revenue growth in Q3 2024; no specific quantitative guidance provided.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.