Highest-materiality recent filing
Pixelworks reports Q1 cash $58M; completes sale of Shanghai unit, authorizes $5M buyback
Closed sale of Shanghai semiconductor subsidiary to VeriSilicon in January 2026; restructuring to focus on technology licensing.
Pixelworks approves $5M share repurchase program, first in company history
Board authorized up to $5M in common stock repurchases over two years starting May 15, 2026.
Pixelworks closes Shanghai unit sale for ~$51M, pivots to licensing model
Sale of Pixelworks Shanghai to VeriSilicon closed Jan 2026; $51M added to $11.2M year-end cash.
Pixelworks closes sale of Shanghai unit for ~$51M net; pro forma shows continued losses
Net cash proceeds ~$51M after $9.45M China withholding tax and $6.2M transaction costs.
Pixelworks closes sale of Shanghai subsidiary for ~$51M net cash proceeds
Sale closed Jan. 6, 2026; buyer is Tiansui Xinyuan Technology, led by VeriSilicon.
Pixelworks board directs sale of Shanghai subsidiary; close expected early Jan 2026
Board determined sale of PWSH does not require shareholder approval; will not seek additional proxies.
Pixelworks adjourns special meeting again for sale of Shanghai subsidiary; vote pending Dec 31, 2025
Dec 19, 2025 special meeting reconvened but lacked 67% shareholder approval for Proposal 1 (sale of Pixelworks Semiconductor Technology (Shanghai) Co., Ltd.).
Pixelworks special meeting adjourned again; sale vote still lacks required 67% approval
Proposal 1 to sell Pixelworks Semiconductor Technology (Shanghai) needs 67% of outstanding shares; only ~60% voted in favor as of Dec. 8.
Shareholders voted 98% in favor of sale, but only 57% of outstanding shares voted, short of 67% requirement.
Pixelworks Q3 revenue $8.8M, net loss $4.4M; announces sale of Shanghai subsidiary
Q3 revenue $8.8M (up 6% sequentially, down from $9.5M YoY); GAAP gross margin 49.8% (up 400bps sequentially).
Pixelworks to sell Shanghai subsidiary to VeriSilicon for ~$133M; net proceeds ~$50-60M
RMB 950M (~$133M) equity value; net cash proceeds ~$50-60M after transfers, costs, taxes.
Pixelworks raises $7M in direct offering; discloses potential sale of Shanghai subsidiary
Sold 666,667 shares at $10.50/share to two institutional investors; gross proceeds ~$7M; expected close Oct 7, 2025.
Pixelworks Q2 revenue $8.3M, net loss $6.7M; evaluating strategic options for Shanghai unit
Revenue $8.3M, up 16% sequentially but down from $8.5M a year ago; GAAP net loss $6.7M ($1.27/share).
Pixelworks shareholders approve reverse stock split; board sets 1-for-12, effective June 6
Shareholders approved reverse stock split at ratio range 1:5 to 1:12 at May 23 annual meeting.
Pixelworks Q1 revenue $7.1M, down 56% YoY; net loss widens to $7.8M
Revenue $7.1M vs $16.1M Q1 2024; mobile revenue up 140% sequentially.
Transfer to Nasdaq Capital Market effective March 11, 2025 approved by Nasdaq on March 7, 2025.
Pixelworks Q4 revenue falls to $9.1M; net loss $5.4M; PWSH repurchase request received
Q4 2024 revenue $9.1M vs $20.1M YoY; GAAP net loss $5.4M ($0.09) vs $3.7M ($0.07) YoY.
Pixelworks enters $10M ATM equity offering agreement with Roth Capital Partners
Sales Agreement dated Nov 14, 2024 with Roth Capital for up to $10M of common stock via ATM.
Pixelworks Q3 rev $9.5M (+12% q/q), GAAP net loss $0.14/sh; secures Universal TrueCut deal
Revenue $9.5M, up 12% sequentially from $8.5M, down 40% YoY from $16.0M.
Pixelworks receives Nasdaq bid price deficiency notice; has until Mar 10, 2025 to regain compliance
Stock closed below $1.00 for 30 consecutive business days triggering Nasdaq Listing Rule 5450(a)(1).
Pixelworks Q2 revenue $8.5M, loss widens; workforce cut for $4M savings
Revenue $8.5M, down 37% QoQ from $16.1M and down 38% YoY from $13.6M.
Pixelworks announces restructuring with ~16% workforce reduction, expects $1.7M in severance charges
Board approved ~16% workforce reduction across operations, R&D, sales, marketing, and admin.
Pixelworks Q1 revenue up 61% YoY to $16.1M; mobile revenue record 61% of total
Total revenue $16.1M, up 61% YoY; mobile revenue $9.8M (61% of total), up ~200% YoY.
Pixelworks Q4 rev $20.1M (+25% seq); mobile record $11.9M; net loss $3.7M
Q4 revenue $20.1M, up 25% sequentially and 19% YoY; GAAP net loss $3.7M ($0.07/sh).
Pixelworks Q3 revenue $16.0M, up 18% sequentially; net loss widens to $7.0M
Revenue $16.0M, +18% QoQ; gross margin 42.9% (+260 bps QoQ). Mobile revenue record 52% of total, up 37% YoY.
Pixelworks pre-announces Q3 revenue ~$16M (+18% seq) and Q4 outlook at least $19M
Preliminary Q3 2024 revenue ~$16M, up 18% sequentially driven by record mobile revenue.
Pixelworks Q2 revenue $13.6M (+37% QoQ); mobile revenue doubles to 50% of total
Revenue $13.6M, up 37% sequentially; GAAP net loss ($0.11)/share improved from ($0.17) in Q1.
Pixelworks Q1 revenue $10M, GAAP net loss $9.4M (-$0.17); guides mobile recovery in Q2
Revenue $10.0M, down from $16.9M Q4'22 and $16.6M Q1'22; GAAP gross margin 43.8% vs 53.1%.
Q4 revenue $16.9M vs $16.6M a year ago; FY22 revenue $70.1M, up 27% YoY.
Pixelworks subsidiary PWSH raises $15.7M from Chinese investors; reaffirms Q4 revenue guidance
Investors commit RMB 100M ($14.3M) for 2.76% of PWSH at ~$501M pre-money valuation.
Pixelworks Q3 revenue $17.6M (+16% YoY); mobile +25%; net loss $0.08/sh; cash $57.6M
Revenue $17.6M, up 16% YoY from $15.2M, down 8% sequentially from $19.1M.
Pixelworks sells 2.73% stake in PWSH subsidiary for ~$12.9M, valuing at $471.5M
Sold 2.73% equity in PWSH to Hainan Qixin and Suzhou Saixiang for ~$12.9M, valuing PWSH at $471.5M.
On September 9, 2022, the board of directors (the “Board”) of Pixelworks (the “Company”) approved an increase in the size of the Board from six to seven members and appointed John Y. Liu as a director to serve until the next annual meeting of shareholders or until he resigns or is removed, and until his successor is duly elected and qualified.
On February 11, 2022, Richard Sanquini, a director and Chairman of the Board of Pixelworks, Inc. (the “Company”), informed the Company that he has decided to retire as a director of the Company and will not stand for re-election to the Company’s Board of Directors at the Company’s 2022 annual meeting of stockholders (the “Annual Meeting”).
Effective January 7, 2022, Haley Aman was appointed to serve as the Chief Financial Officer of the Company.
On January 3, 2022, Elias Nader tendered his resignation as the Chief Financial Officer of Pixelworks, Inc.
Max materiality 1.00 · Median 0.65 · Most common event other_material