Pixelworks Q3 revenue $8.8M, net loss $4.4M; announces sale of Shanghai subsidiary

PIXELWORKS, INC

2025-Q3 EPS reported -$3.59 revenue$24,115,000

Q3 revenue $8.8M (up 6% sequentially, down from $9.5M YoY); GAAP gross margin 49.8% (up 400bps sequentially).
GAAP net loss $4.4M ($0.81 per share) vs loss $8.1M ($1.66) in Q3 2024; non-GAAP net loss $3.8M ($0.69).
Sold $3M of non-strategic patents; completed registered direct offering for ~$6.5M net proceeds post-quarter.
Signed definitive purchase agreement to sell Pixelworks Shanghai subsidiary; subject to shareholder approval, Board recommends FOR.

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