Pixelworks, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 05:06 pm EST
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Pixelworks, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 16.03 million compared to USD 17.55 million a year ago. Net loss was USD 7 million compared to USD 4.5 million a year ago. Basic loss per share from continuing operations was USD 0.12 compared to USD 0.08 a year ago. Diluted loss per share from continuing operations was USD 0.12 compared to USD 0.08 a year ago.
For the nine months, sales was USD 39.6 million compared to USD 53.26 million a year ago. Net loss was USD 22.43 million compared to USD 14.1 million a year ago. Basic loss per share from continuing operations was USD 0.4 compared to USD 0.26 a year ago. Diluted loss per share from continuing operations was USD 0.4 compared to USD 0.26 a year ago.
Pixelworks, Inc. is a provider of visual processing semiconductor and software solutions that enables viewing experiences in a variety of applications. Its primary target markets are Mobile, including smartphones and tablets, home, and enterprise, including projectors, personal video recorders, and over-the-air (OTA) streaming devices, and Cinema, including creation, remastering, and delivery of digital video content. The Companyâs products categories include Semiconductor Hardware and Software and Platform Licensing. Its Semiconductor Hardware products include Visual Processor integrated circuits (ICs) for mobile devices, ImageProcessor SoCs for digital projectors and Transcoder ICs for media players, set-top-box recorders. Its Software and Platform Licensing products include Pixelworks Pro Software and TrueCut Motion Platform. Its core visual processing technologies include MotionEngine, artificial intelligence Based Display Processing, Advanced Scaling, and others.
PIXELWORKS, INC. 
