Pixelworks Inc. (NASDAQ:PXLW) shares slipped Monday after the company announced a $7 million stock sale to institutional investors, part of its plan to strengthen liquidity and fund future product development. The decline followed the pricing of the offering, which will provide fresh capital to support Pixelworks' growth in visual display and semiconductor technologies. The agreement covers the sale of 666,667 shares at $10.50 each. The transaction is scheduled to close Oct. 7, 2025, pending standard cond ...

, /PRNewswire/ --Â Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of innovative video and display processing solutions, today announced that it has entered into a common stock purchase agreement with two fundamental institutional investors for the sale of 666,667 shares of common stock at a price of $10.50 per share. Gross proceeds to the Company are expected to be approximately $7 million, excluding placement agent fees and offering related expenses. The offering is expected to close on October 7, 202 ...

PART I – FINANCIAL INFORMATION [Item 1. Financial Statements (Unaudited)](index=6&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) Unaudited financial statements for Q2 2025 reveal decreased revenue, a net loss, and reduced assets, with negative operating cash flow [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to $51.8 million by June 30, 2025, driven by reduced cash and a significant drop in shareholders' equity Key Balance Sheet Items (in thousands) | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Cash and cash equivalents** | $14,255 | $23,647 | | **Total current assets** | $25,575 | $34,852 | | **Total assets** | $51,804 | $64,072 | | **Total current liabilities** | $9,141 | $8,346 | | **Total liabilities** | $23,453 | $24,194 | | **Total shareholders' equity** | $432 | $12,482 | [Condensed Consolidated Statements of Operations](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q2 2025 revenue slightly decreased, while the net loss narrowed; H1 2025 saw a significant revenue drop but a slightly improved net loss Statements of Operations Highlights (in thousands, except per share data) | Metric | Q2 2025 | Q2 2024 | Six Months 2025 | Six Months 2024 | | :--- | :--- | :--- | :--- | :--- | | **Revenue, net** | $8,250 | $8,535 | $15,344 | $24,589 | | **Gross profit** | $3,779 | $4,326 | $7,231 | $12,440 | | **Loss from operations** | $(7,301) | $(10,742) | $(15,397) | $(16,235) | | **Net loss attributable to Pixelworks, Inc.** | $(6,707) | $(10,149) | $(14,468) | $(15,215) | | **Net loss per share - basic and diluted** | $(1.27) | $(2.09) | $(2.80) | $(3.16) | [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) H1 2025 saw increased cash used in operations ($11.3 million), partially offset by investing and financing activities, leading to a $9.4 million cash decrease Cash Flow Summary for Six Months Ended June 30 (in thousands) | Activity | 2025 | 2024 | | :--- | :--- | :--- | | **Net cash used in operating activities** | $(11,268) | $(6,392) | | **Net cash provided by (used in) investing activities** | $514 | $(2,866) | | **Net cash provided by (used in) financing activities** | $1,362 | $(462) | | **Net decrease in cash and cash equivalents** | $(9,392) | $(9,720) | [Notes to Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail business operations, accounting policies, PWSH strategic review, restructuring, revenue decline in Mobile, and redemption obligations - The company initiated a formal review for its Pixelworks Shanghai (PWSH) subsidiary, receiving non-binding term sheets from three potential buyers, with a strategic direction expected by **end of Q3 2025**[32](index=32&type=chunk) - Restructuring plans in May and February 2025 led to workforce reductions of approximately **4% and 6%**, primarily in R&D and operations[50](index=50&type=chunk)[51](index=51&type=chunk) IC Sales by End Market for Six Months Ended June 30 (in thousands) | End Market | 2025 | 2024 | | :--- | :--- | :--- | | **Home & Enterprise** | $12,732 | $12,577 | | **Mobile** | $2,359 | $11,226 | - An investor requested PWSH share redemption; if a sale or extension is not achieved, the company may be required to repurchase shares, materially impacting its **cash position**[90](index=90&type=chunk)[94](index=94&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=28&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses a 38% H1 2025 revenue decrease, driven by a Mobile market decline, reduced gross margin, and lower operating expenses, with a PWSH strategic review ongoing [Results of Operations](index=30&type=section&id=Results%20of%20Operations) H1 2025 revenue fell 38% due to a 78% drop in Mobile sales, gross margin declined, and operating expenses decreased due to cost-cutting Revenue Change | Period | 2025 Revenue | 2024 Revenue | % Change | | :--- | :--- | :--- | :--- | | **Three Months Ended June 30** | $8,250 | $8,535 | (3)% | | **Six Months Ended June 30** | $15,344 | $24,589 | (38)% | - Revenue decrease primarily driven by a **78% drop in Mobile market sales** in H1 2025, due to delayed product transition[118](index=118&type=chunk) Gross Profit Margin | Period | 2025 Gross Margin | 2024 Gross Margin | | :--- | :--- | :--- | | **Three Months Ended June 30** | 46% | 51% | | **Six Months Ended June 30** | 47% | 51% | - Operating expenses significantly decreased in H1 2025, with **R&D down 22%** and **SG&A down 19%**, reflecting headcount reductions and cost controls[124](index=124&type=chunk)[127](index=127&type=chunk)[128](index=128&type=chunk) [Liquidity and Capital Resources](index=35&type=section&id=Liquidity%20and%20Capital%20Resources) Cash and cash equivalents decreased by $9.3 million to $14.3 million, despite capital raises, though management expects sufficient working capital for the next twelve months - Total cash and cash equivalents decreased by **$9.3 million** to **$14.3 million** by June 30, 2025[133](index=133&type=chunk) - Capital was raised through an ATM program (net proceeds **$0.5 million**) and a registered direct offering (net proceeds **$1.3 million**) in H1 2025[138](index=138&type=chunk)[139](index=139&type=chunk) - Management anticipates existing working capital will be **adequate for at least the next twelve months**[143](index=143&type=chunk) [Item 3. Quantitative and Qualitative Disclosure About Market Risk](index=36&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosure%20About%20Market%20Risk) The company has indicated that this item is not applicable for this reporting period - Not applicable[148](index=148&type=chunk) [Item 4. Controls and Procedures](index=37&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including CEO and CFO, concluded disclosure controls and procedures were effective, with no material changes to internal control over financial reporting - The CEO and CFO concluded that disclosure controls and procedures were **effective as of June 30, 2025**[149](index=149&type=chunk) - No material changes to internal control over financial reporting occurred during the quarter[150](index=150&type=chunk) PART II – OTHER INFORMATION [Item 1. Legal Proceedings](index=38&type=section&id=Item%201.%20Legal%20Proceedings) The company is engaged in legal proceedings from time to time in the ordinary course of business, but none are currently considered to have a material impact on its financial position or results of operations - No legal proceedings are expected to have a **material impact** on financial condition or operations[153](index=153&type=chunk) [Item 1A. Risk Factors](index=38&type=section&id=Item%201A.%20Risk%20Factors) Key risks include potential PWSH share repurchase obligations, China operations uncertainties, customer concentration, intense competition, and Nasdaq delisting risk - Significant risk of being required to repurchase PWSH shares, materially impacting the **company's cash position**, if a transaction is not closed or rights are not waived[237](index=237&type=chunk) - Substantial risks arise from concentrated operations and customers in China, including political, economic, and legal uncertainties, and U.S.-China relations[232](index=232&type=chunk)[234](index=234&type=chunk) - Dependence on a limited number of customers and distributors, with the **top five end customers accounting for 94% of H1 2025 revenue**[167](index=167&type=chunk) - Risk of non-compliance with Nasdaq Listing Rules and potential delisting, despite a **one-for-twelve reverse stock split** on June 6, 2025, to meet minimum bid price[250](index=250&type=chunk)[252](index=252&type=chunk) [Item 5. Other Information](index=58&type=section&id=Item%205.%20Other%20Information) Shareholders approved a stock incentive plan amendment, and the CEO entered a bonus agreement tied to the PWSH subsidiary sale proceeds - A Transaction Bonus Agreement with CEO Todd A. DeBonis links a cash bonus to the successful sale of the **PWSH subsidiary by December 31, 2025**[257](index=257&type=chunk) - The bonus is contingent on net cash proceeds between **$40 million and $70 million** from the PWSH transaction, with a **maximum bonus of $600,000**[257](index=257&type=chunk) [Item 6. Exhibits](index=59&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including amendments to articles of incorporation, bylaws, stock purchase agreements, the amended stock incentive plan, the CEO's transaction bonus agreement, and required certifications

Core Insights - Pixelworks reported a quarterly loss of $1 per share, which was better than the Zacks Consensus Estimate of a loss of $1.08, and improved from a loss of $1.56 per share a year ago, resulting in an earnings surprise of +7.41% [1] - The company generated revenues of $8.25 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 2.94% and down from $8.53 million year-over-year [2] - Pixelworks has surpassed consensus EPS estimates three times over the last four quarters, but has only topped revenue estimates once in the same period [2] Future Outlook - The immediate price movement of Pixelworks' stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [3][4] - The current consensus EPS estimate for the upcoming quarter is -$0.48 on revenues of $13.5 million, and for the current fiscal year, it is -$3.12 on revenues of $45 million [7] - The Zacks Rank for Pixelworks is currently 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Industry Context - The Electronics - Semiconductors industry, to which Pixelworks belongs, is currently ranked in the bottom 31% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact investor sentiment [5]

Financial Data and Key Metrics Changes - Revenue for Q2 2025 was $8.3 million, compared to $7.1 million in Q1 2025 and $8.5 million in Q2 2024, indicating a sequential increase driven by product shipments in the home and enterprise market [26] - Non-GAAP gross profit margin for Q2 2025 was 46%, down from 49.9% in Q1 2025 and 51% in Q2 2024, reflecting a unique product mix [26] - Non-GAAP operating expenses decreased to $9.7 million in Q2 2025 from $10.4 million in Q1 2025 and $12.8 million in Q2 2024, showing effective cost reduction measures [27] - The net loss for Q2 2025 was $5.3 million, or a loss of $1 per share, compared to a net loss of $6.5 million in Q1 2025 and $7.7 million in Q2 2024 [28] - Cash and cash equivalents at the end of Q2 2025 were $14.3 million, down from $18.5 million at the end of Q1 2025 [28] Business Line Data and Key Metrics Changes - Home and enterprise revenue was approximately $7.1 million in Q2 2025, while mobile revenue was approximately $1.2 million [26] - The mobile business saw a similar revenue profile to the prior quarter, with shipments supporting residual demand from previously launched smartphone models [14] - Revenue from the home and enterprise market increased over 20% sequentially, driven by a combination of seasonal demand recovery and ramping shipments of new SOCs [18] Market Data and Key Metrics Changes - The TrueCut Motion platform has been credited with three new theatrical releases, indicating growing acceptance and demand in the market [10] - Titles utilizing TrueCut Motion have achieved over $4 billion at the box office, demonstrating the format's value to studio partners [12] - The mobile market is expected to remain flat, with Chinese OEMs focusing on differentiation to expand globally [33] Company Strategy and Development Direction - The company is focusing on two defined approaches in the mobile segment: expanding the target market with a low-cost mobile graphics accelerator and pursuing premium gaming experiences [15] - The strategic review process for the Pixelworks Shanghai subsidiary is nearing closure, with potential new ownership structures being evaluated [23] - The company aims to reach profitability for its Shanghai subsidiary by Q4 2025, despite delays in mobile revenue recovery [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth of the TrueCut Motion format, anticipating it to become a standard for premium large format cinemas [12] - The company is better positioned to drive bottom-line results from a small uplift in revenue due to previous cost structure reductions [22] - Management noted that the overall market for projectors is expected to remain similar to 2024, with no significant impacts from global trade dynamics observed so far [18] Other Important Information - The company received approximately $1.6 million in cash subsidies as part of China's Little Giant program, aiding in R&D expenses [27] - The company completed all scheduled end-of-life shipments of transcoding products in Q4 2024, with potential one-time orders from prior customers being evaluated [19] Q&A Session Summary Question: Why are mobile customers in China emphasizing custom ASIC? - Management indicated that differentiation is key for Chinese OEMs in a flat market, as they seek to expand globally and compete against established brands [33][38] Question: Will the transcoding one-time customer revenue hit in Q3 or Q4? - Management confirmed that the revenue from the transcoding order would be recognized in Q4 [42] Question: How will Pixelworks be different post-transaction regarding the Shanghai division? - Management stated it is too early to provide details on the strategic direction post-transaction [44] Question: How broad is the ASIC design and IP application? - Management clarified that the IP is not limited to smartphones and can be applied in tablets, AR/VR markets, and other display technologies [48] Question: What is driving the strength in the home and enterprise market? - Management noted that the strength is partly due to a higher ASP of new SOCs and stocking needs from customers [52]

[Pixelworks Second Quarter 2025 Financial Results](index=1&type=section&id=Pixelworks%20Second%20Quarter%202025%20Financial%20Results) Pixelworks reported its second quarter 2025 financial results, demonstrating sequential revenue growth, improved operating performance, and strategic advancements in its Shanghai subsidiary and TrueCut Motion business [Second Quarter and Recent Highlights](index=1&type=section&id=Second%20Quarter%20and%20Recent%20Highlights) Pixelworks reported Q2 financial results within guidance, highlighted by a return to sequential revenue growth and improved operating results due to successful cost reduction measures - Financial results were within guidance, showing sequential revenue growth and significant improvement in operating results due to reduced operating expenses[4](index=4&type=chunk) - Strategic focus remains on the Shanghai subsidiary, pursuing mobile visual processor solutions, ASIC design services, and IP licensing[5](index=5&type=chunk) - The TrueCut Motion business is gaining momentum with new movie titles and a growing ecosystem of content and distribution partners[5](index=5&type=chunk)[8](index=8&type=chunk) - The Pixelworks Shanghai subsidiary was awarded approximately **$1.6 million** in cash subsidies related to its participation in China's "Little Giant" program[8](index=8&type=chunk) - The company is evaluating non-binding term sheets from multiple parties regarding strategic interest in its Pixelworks Shanghai subsidiary[8](index=8&type=chunk) [Second Quarter 2025 Financial Results](index=1&type=section&id=Second%20Quarter%202025%20Financial%20Results) In Q2 2025, Pixelworks generated $8.3 million in revenue, a 16% increase sequentially, driven by seasonal growth in the home and enterprise market, with improved GAAP and non-GAAP net losses Q2 2025 Financial Performance Summary (in millions) | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :--- | :--- | :--- | :--- | | **Revenue** | $8.3 million | $7.1 million | $8.5 million | | **GAAP Gross Margin** | 45.8% | 48.7% | 50.7% | | **Non-GAAP Gross Margin** | 46.0% | 49.9% | 51.0% | | **GAAP Net Loss** | ($6.7 million) | ($7.8 million) | ($10.1 million) | | **GAAP EPS** | ($1.27) | ($1.54) | ($2.09) | | **Non-GAAP Net Loss** | ($5.3 million) | ($6.5 million) | ($7.7 million) | | **Non-GAAP EPS** | ($1.00) | ($1.30) | ($1.60) | | **Adjusted EBITDA** | ($4.3 million) | ($5.8 million) | ($7.0 million) | - The sequential revenue increase of **16%** was primarily driven by seasonal growth of product shipments in the home and enterprise market[6](index=6&type=chunk)[8](index=8&type=chunk) - A one-for-twelve reverse stock split was executed on June 6, 2025, with all per-share data retroactively adjusted to reflect this change[9](index=9&type=chunk) [Business Outlook and Conference Call](index=3&type=section&id=Business%20Outlook%20and%20Conference%20Call) The company will provide its business outlook and guidance for the third quarter of 2025 during its conference call scheduled for August 12, 2025 - The business outlook and guidance for Q3 2025 will be discussed during the conference call[10](index=10&type=chunk) - A conference call for analysts and investors is scheduled for August 12, 2025, at 2:00 p.m. Pacific Time[11](index=11&type=chunk) [Financial Statements and Reconciliations](index=5&type=section&id=Financial%20Statements%20and%20Reconciliations) This section provides the detailed unaudited financial tables for the second quarter and first six months of 2025, including the Consolidated Statements of Operations, Balance Sheets, and various reconciliations of GAAP to non-GAAP financial measures [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For the three months ended June 30, 2025, Pixelworks reported revenues of $8.25 million, a gross profit of $3.78 million, and a net loss attributable to the company of $6.71 million Q2 2025 Statement of Operations (in thousands) | Line Item | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | **Revenue, net** | $8,250 | $8,535 | | **Gross profit** | $3,779 | $4,326 | | **Total operating expenses** | $11,080 | $15,068 | | **Loss from operations** | ($7,301) | ($10,742) | | **Net loss attributable to Pixelworks Inc.** | ($6,707) | ($10,149) | | **Net loss per share - basic and diluted** | ($1.27) | ($2.09) | [Condensed Consolidated Balance Sheets](index=10&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2025, the company held $14.26 million in cash and cash equivalents, down from $23.65 million at the end of 2024, with total assets at $51.80 million and total liabilities at $23.45 million Balance Sheet Highlights (in thousands) | Account | June 30, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | **Cash and cash equivalents** | $14,255 | $23,647 | | **Total current assets** | $25,575 | $34,852 | | **Total assets** | $51,804 | $64,072 | | **Total current liabilities** | $9,141 | $8,346 | | **Total liabilities** | $23,453 | $24,194 | | **Total Pixelworks, Inc. shareholders' equity (deficit)** | ($22,436) | ($10,568) | [GAAP to Non-GAAP Reconciliations](index=6&type=section&id=GAAP%20to%20Non-GAAP%20Reconciliations) The company provided detailed reconciliations from GAAP to non-GAAP metrics, showing a Q2 2025 non-GAAP net loss of $5.3 million and an Adjusted EBITDA loss of $4.3 million Q2 2025 GAAP to Non-GAAP Net Loss Reconciliation (in thousands) | Description | Amount | | :--- | :--- | | **GAAP net loss attributable to Pixelworks Inc.** | **($6,707)** | | Stock-based compensation | $739 | | Restructuring | $643 | | Tax effect of non-GAAP adjustments | $21 | | **Non-GAAP net loss attributable to Pixelworks Inc.** | **($5,304)** | Q2 2025 Adjusted EBITDA Reconciliation (in thousands) | Description | Amount | | :--- | :--- | | **GAAP net loss attributable to Pixelworks Inc.** | **($6,707)** | | Stock-based compensation | $739 | | Restructuring | $643 | | Depreciation and amortization | $573 | | Interest income and other, net | ($66) | | Non-GAAP provision for income taxes | $470 | | **Adjusted EBITDA** | **($4,327)** | [Notes to Financials](index=4&type=section&id=Notes%20to%20Financials) This section explains the company's use of non-GAAP financial measures and includes the Safe Harbor statement regarding forward-looking information [Non-GAAP Financial Measures](index=4&type=section&id=Non-GAAP%20Financial%20Measures) Pixelworks utilizes non-GAAP financial measures, such as non-GAAP gross profit margin and net loss, to help management and investors assess the performance of its core business - Management uses non-GAAP measures internally to evaluate the business, establish operational goals, and for budgeting and resource allocation[15](index=15&type=chunk) - Non-GAAP measures exclude stock-based compensation expense, restructuring expense, and the tax effect of these adjustments to facilitate period-to-period comparison of core operating results[14](index=14&type=chunk)[15](index=15&type=chunk) [Safe Harbor Statement](index=4&type=section&id=Safe%20Harbor%20Statement) The earnings release contains forward-looking statements concerning potential strategic options for its Shanghai subsidiary, new revenue opportunities, and the adoption of its TrueCut Motion technology - Forward-looking statements relate to potential strategic options for Pixelworks Shanghai, adjacent revenue opportunities, and the adoption of TrueCut Motion technology[17](index=17&type=chunk) - Key risks that could affect financial results include the actual adoption of the TrueCut Motion platform, smartphone market performance, competitive factors, and global economic challenges[17](index=17&type=chunk)

Core Viewpoint - Pixelworks, Inc. reported its financial results for the second quarter of 2025, showing a sequential revenue increase driven by seasonal growth in product shipments, while also highlighting ongoing strategic opportunities and collaborations in the mobile sector [1][4][17]. Financial Performance - Revenue for Q2 2025 was $8.3 million, up from $7.1 million in Q1 2025 but down from $8.5 million in Q2 2024, indicating a 16% sequential increase [4][17]. - GAAP gross profit margin for Q2 2025 was 45.8%, compared to 48.7% in Q1 2025 and 50.7% in Q2 2024 [5][23]. - Non-GAAP gross profit margin for Q2 2025 was 46.0%, down from 49.9% in Q1 2025 and 51.0% in Q2 2024 [6][23]. - The company recorded a GAAP net loss of $6.7 million, or ($1.27) per share, an improvement from a loss of $7.8 million, or ($1.54) per share in Q1 2025, and a loss of $10.1 million, or ($2.09) per share in Q2 2024 [7][8][21]. - Non-GAAP net loss for Q2 2025 was $5.3 million, or ($1.00) per share, compared to a loss of $6.5 million, or ($1.30) per share in Q1 2025, and a loss of $7.7 million, or ($1.60) per share in Q2 2024 [8][21]. Business Developments - The company is focusing on advancing market opportunities through its Shanghai-based subsidiary, with increased interest in collaborations for mobile visual processors and ASIC design services [3][17]. - Pixelworks is experiencing momentum in its TrueCut Motion business, securing new titles and expanding partnerships in content and distribution [3][17]. - The Shanghai subsidiary received approximately $1.6 million in cash subsidies as part of China's "Little Giant" program [17]. Operational Efficiency - GAAP operating expenses for Q2 2025 were $11.1 million, down from $11.5 million in Q1 2025 and $15.1 million in Q2 2024 [5][6]. - Non-GAAP operating expenses for Q2 2025 were $9.7 million, compared to $10.4 million in Q1 2025 and $12.8 million in Q2 2024 [6][21]. - Adjusted EBITDA for Q2 2025 was a negative $4.3 million, an improvement from a negative $5.8 million in Q1 2025 and a negative $7.0 million in Q2 2024 [10][24].

Core Insights - Pixelworks, Inc. announced that Universal Pictures' "Nobody 2" will utilize its TrueCut Motion technology on premium screens worldwide, enhancing the visual experience for audiences [1][3][4] Company Overview - Pixelworks, Inc. specializes in content creation, video delivery, and display processing solutions, aiming to provide superior visual quality across various screens, including cinemas and smartphones [6] - The company has over 20 years of experience in image processing innovation, serving leading providers in consumer electronics, professional displays, and video streaming services [6] Technology Highlights - TrueCut Motion technology allows filmmakers to fine-tune motion looks shot by shot in post-production while maintaining the intended cinematic feel [4] - This technology ensures consistent delivery of creative choices across all viewing devices, optimizing the experience in both 3D and standard 2D environments [4] Upcoming Release - "Nobody 2," featuring Bob Odenkirk, is set to be released in theaters on August 15, 2025, continuing the story of the character Hutch Mansell [2][3]

Core Viewpoint - Pixelworks, Inc. is set to release its second quarter 2025 financial results on August 12, 2025, after market close, indicating ongoing transparency and communication with investors [1]. Group 1: Financial Results Announcement - The financial results will be discussed in a conference call hosted by Todd DeBonis, President and CEO, and Haley Aman, CFO [1]. - The conference call is scheduled for 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day [1]. - Analysts and investors can participate via a live webcast or by registering for dial-in access [1]. Group 2: Company Overview - Pixelworks provides innovative video and display processing solutions, enhancing viewing experiences across various screens, from cinema to smartphones [2]. - The company has over 20 years of experience in image processing innovation, serving leading providers in consumer electronics, professional displays, and video streaming services [2].

Core Insights - Pixelworks' TrueCut Motion technology will be utilized in DreamWorks Animation's upcoming film "The Bad Guys 2," set to release on August 1, 2025, enhancing the viewing experience on premium screens worldwide [1][2][3] Company Overview - Pixelworks, Inc. specializes in content creation, video delivery, and display processing solutions, aiming to provide superior visual quality across various screens, including cinema and smartphones [6] - The company has over 20 years of experience in image processing innovation, catering to leading providers in consumer electronics, professional displays, and video streaming services [6] Technology Highlights - TrueCut Motion technology offers filmmakers an unprecedented ability to fine-tune motion looks during post-production while maintaining the intended cinematic feel [4] - This technology ensures consistent delivery of creative choices across all viewing devices, optimizing the experience in both 3D and standard 2D environments [4]