Pixelworks, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 04:05 pm EDT
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Pixelworks, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 13.61 million compared to USD 19.08 million a year ago. Net loss was USD 6.04 million compared to USD 5.01 million a year ago. Basic loss per share from continuing operations was USD 0.11 compared to USD 0.09 a year ago. Diluted loss per share from continuing operations was USD 0.11 compared to USD 0.09 a year ago.
For the six months, sales was USD 23.57 million compared to USD 35.71 million a year ago. Net loss was USD 15.43 million compared to USD 9.6 million a year ago. Basic loss per share from continuing operations was USD 0.28 compared to USD 0.18 a year ago. Diluted loss per share from continuing operations was USD 0.28 compared to USD 0.18 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.