Pixelworks, Inc.
6.52-0.34 (-4.96%)
Oct 29, 4:00:01 PM EDT · NasdaqCM · PXLW · USD
Key Stats
Market Cap
41.03MP/E (TTM)
-Basic EPS (TTM)
-5.52Dividend Yield
0%Recent Filings
8-K
Patents sold for $3M
8-K
Pixelworks sells Shanghai unit
Pixelworks inked a deal on October 15, 2025, to offload its Shanghai subsidiary to a VeriSilicon-led buyer for an equity value of RMB 950 million (~$133M USD), representing the sale of substantially all its assets. After share transfers to release minority repurchase rights, transaction costs, and Chinese withholding taxes, the company anticipates netting $50M to $60M in cash. Shareholders must approve by 67% vote; closing eyes December 31, 2025, but hinges on conditions. This cash infusion bolsters Pixelworks' balance sheet, yet demands swift proxy approval.
8-K
Pixelworks raises $7M in stock offering
Pixelworks sealed a $7 million registered direct offering on October 6, 2025, selling 666,667 shares at $10.50 each to two institutional investors, with closure eyed for October 7. Net proceeds will fuel working capital and corporate needs, while insiders lock up sales for 30 days. The firm is negotiating a subsidiary sale, pending board and 67% shareholder nod. Fresh cash bolsters liquidity amid potential divestiture.
10-Q
Q2 FY2025 results
Pixelworks posted Q2 revenue of $8.3M, down 3% y/y but up 21% q/q (derived), with Home & Enterprise sales climbing 9% y/y to $7.0M while Mobile dropped 48% y/y to $1.0M amid delayed product transitions. Gross margin slipped to 46% from 51% y/y on product mix shifts, yet operating loss narrowed to $7.3M from $10.7M y/y, aided by 24% cuts in R&D and 22% in SG&A via restructurings that trimmed headcount 10% this year. Diluted EPS improved to -$1.27 from -$2.09 y/y, reconciling to 5.3M weighted shares. Cash fell to $14.3M after $11.3M operating burn, but $1.9M equity raises and $0.8M subsidies provide runway; no debt, full revolver access. Ongoing sale process for Shanghai unit nears close by Q3, potentially unlocking value. Yet intense competition erodes market share.
8-K
Q2 revenue rises 16%
Pixelworks reported Q2 2025 revenue of $8.3 million, up 16% sequentially from $7.1 million, fueled by seasonal home and enterprise shipments, while mobile held at $1.2 million. Gross margins dipped to 46.0% non-GAAP, but operating expenses fell to $9.7 million non-GAAP, narrowing net loss to $5.3 million or ($1.00) per share. TrueCut Motion gained traction with three new film releases; Shanghai subsidiary secured $1.6 million subsidies and eyes strategic deals. Momentum builds, yet mobile recovery lags.
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