PXLW
Pixelworks, Inc.6.19
+0.17+2.82%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Details licensing-heavy revenue model
Q&A elaborated Pixelworks' revenue model, clarifying subsidized TrueCut Motion content creation as a near-term loss-leader to drive future home entertainment licensing from device certifications and distributions. High gross margins across streams position TrueCut for standalone profitability. Management shuns public metrics, urging investors to track exhibitor footprint growth and content volume instead. 2026 priorities: licensing grading tools to third parties, ramping demand. Cash ends Q1 near $58M after costs, all U.S.-based. Answers directly addressed revenue paths, margins, and runway. Watch home ecosystem deals.
Key Stats
Market Cap
38.96MP/E (TTM)
-Basic EPS (TTM)
-4.65Dividend Yield
0%Recent Filings
8-K
Adjourned special meeting again
Pixelworks reconvened its 2025 Special Meeting on December 8 but adjourned it again—Proposal 1 for selling its Shanghai subsidiary fell short at 60% of outstanding shares, needing 67%. Voted shares backed it 98%, yet quorum gap persists. Meeting resumes December 19; board pushes votes. Closing hinges on shareholder approval.
8-K
Adjourned sale vote reconvenes Dec 8
Pixelworks adjourned its November 26, 2025 special meeting after failing to secure the required 67% approval for selling its Shanghai subsidiary shares, despite 98% support from voted shares covering 57% of outstanding stock. Shareholders approved adjournment via Proposal 3 (3.5M for, 81K against). Meeting reconvenes December 8. Board pushes for votes.
10-Q
Q3 FY2025 results
Pixelworks posted Q3 revenue of $8.8M, down 8% y/y yet stable q/q, with Home & Enterprise at $7.4M (87% of IC sales) offsetting Mobile's 43% y/y drop from delayed transitions; gross margin held at 50% despite mix shifts. Operating loss narrowed to $5.6M from $8.6M y/y on 32% R&D cuts and 15% SG&A reductions post-restructurings, while EPS improved to -$0.81 from -$1.66 (reconciles to 5.44M diluted shares). Cash fell to $14.6M after $14.1M operating burn, offset by $4.7M equity raises; short-term line drew $1.4M (due Aug 2026). Post-October 15 Share Purchase Agreement, PWSH sale awaits 67% shareholder vote, eyeing $50M-$60M net cash for Cinema pivot. Customer concentration exposes revenue to order swings.
8-K
Q3 revenue up, Shanghai sale announced
Pixelworks posted Q3 revenue of $8.8M, up 6% sequentially, with GAAP gross margin expanding to 49.8% and operating expenses down to $10M. Realme launched smartphones featuring Pixelworks tech; sold $3M in patents. Post-quarter, added $6.5M net from stock offering, announced Shanghai subsidiary sale to VeriSilicon for $50-60M net cash pending shareholder vote. Losses narrowed sharply. Sale needs approval.
8-K
Patents sold for $3M
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