Pixelworks Q4 revenue falls to $9.1M; net loss $5.4M; PWSH repurchase request received

PIXELWORKS, INC

2024-FY EPS reported -$0.49 revenue$43,206,000

Q4 2024 revenue $9.1M vs $20.1M YoY; GAAP net loss $5.4M ($0.09) vs $3.7M ($0.07) YoY.
FY2024 revenue $43.2M down from $59.7M; GAAP net loss $28.7M ($0.49) vs $26.2M ($0.47) in 2023.
GAAP gross margin improved to 54.6% from 44.7% YoY; operating expenses reduced sequentially.
PWSH subsidiary awarded $1.8M in Chinese 'Little Giant' subsidies; strategic options under review.
Qingdao Beyond requested PWSH share repurchase; PWOR says option suspended due to COVID/IPO halt; no response.

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