Pixelworks Q3 rev $9.5M (+12% q/q), GAAP net loss $0.14/sh; secures Universal TrueCut deal

PIXELWORKS, INC

2024-Q3 EPS reported -$0.40 revenue$34,116,000

Revenue $9.5M, up 12% sequentially from $8.5M, down 40% YoY from $16.0M.
GAAP gross margin 51.2% (up ~50bp q/q, +830bp YoY); GAAP net loss $8.1M ($0.14/sh) vs $10.1M ($0.17) last q.
Non-GAAP net loss $7.1M ($0.12/sh); adjusted EBITDA negative $6.3M.
Multi-year TrueCut Motion agreement with Universal Pictures; Shanghai sub received 'Little Giant' certification.
Retained Morgan Stanley as advisor for strategic options regarding Shanghai sub; next-gen mobile processor qualified with multiple customers.

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.