secwatch.observer — SEC 8-K summary
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Issuer:     PIXELWORKS, INC (PXLW)
CIK:        0001040161
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001040161-25-000049
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040161/000104016125000049/0001040161-25-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040161/000104016125000049/pxlw-20251111.htm
  HTML page:      https://secwatch.observer/filing/0001040161-25-000049

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