secwatch.observer — SEC 8-K summary
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Issuer:     PIXELWORKS, INC (PXLW)
CIK:        0001040161
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001040161-24-000041
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040161/000104016124000041/0001040161-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040161/000104016124000041/pxlw-20241112.htm
  HTML page:      https://secwatch.observer/filing/0001040161-24-000041

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