Core Insights - Pixelworks, Inc. has announced a collaboration with Tencent's TiMi Studio group to integrate its IRX rendering acceleration SDK into the mobile game Honor of Kings, enabling a smooth 120fps gaming experience with low power consumption [1][8] - Honor of Kings is the first MOBA mobile game to utilize Pixelworks' IRX technology, enhancing visual performance while optimizing power usage [2][9] - The collaboration aims to provide players with various display modes, allowing real-time switching between "High Quality" and "High Frame Rate" settings to cater to different gaming preferences [2][3] Company Overview - Pixelworks specializes in visual processing solutions, offering advanced content creation, video delivery, and display processing technologies that enhance viewing experiences across various screens [6] - The company has over 20 years of experience in image processing innovation, serving leading providers in consumer electronics and video streaming services [6] - The IRX gaming experience brand was launched in July 2023, focusing on optimizing mobile game performance and display quality for smartphone users [6] Industry Context - Honor of Kings has maintained its position as the top-grossing mobile game from January to April 2024, reflecting the growing demand for high-quality mobile gaming experiences [8] - The integration of advanced rendering technologies like IRX is crucial for meeting the increasing expectations of mobile gamers for high picture quality and frame rates [8][9] - The collaboration between Pixelworks and Tencent represents a significant step in enhancing the mobile gaming ecosystem, aiming to deliver sustainable high-quality gaming experiences [3][9]

Pixelworks, Inc. (NASDAQ:PXLW) Q1 2024 Earnings Conference Call May 14, 2024 5:00 PM ET Company Participants Brett Perry - Investor Relations Todd DeBonis - President and Chief Executive Officer Haley Aman - Chief Financial Officer Conference Call Participants Suji Desilva - ROTH Nicolas Doyle - Needham Richard Shannon - Craig-Hallum Operator Good day, ladies and gentlemen and welcome to Pixelworks, Inc.’s First Quarter 2024 Earnings Conference Call. I’ll be your operator for today’s call. And as a reminder ...

Pixelworks (PXLW) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.15 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this maker of chips used in high-end digital video devices would post a loss of $0.05 per share when it actually produced a loss of $0.05, delivering no surprise. Over the last four ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________ FORM 10-Q ________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 000-30269 ___________________________________ ...

Exhibit 99.1 Pixelworks Reports First Quarter 2024 Financial Results Total Revenue Increased 61% Year-over-Year; Mobile Revenue Grew nearly 200% Year-over-Year, Reaching a Record 61% of Total Revenue PORTLAND, Ore., May 14, 2024 – Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of innovative video and display processing solutions, today announced financial results for the first quarter ended March 31, 2024. First Quarter and Recent Highlights "First quarter revenue was slightly above the midpoint of gui ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________ FORM 10-K ________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-30269 ________________________________ PIXELWORKS, INC. (Exact name of regist ...

Pixelworks, Inc. (NASDAQ:PXLW) Q4 2023 Earnings Conference Call February 8, 2024 5:00 PM ET Company Participants Brett Perry - Investor Relations, Shelton Group Todd DeBonis - President and Chief Executive Officer Haley Aman - Chief Financial Officer Conference Call Participants Suji Desilva - ROTH Nick Doyle - Needham Richard Shannon - Craig-Hallum Operator Good day, ladies and gentlemen and welcome to Pixelworks, Inc.’s Fourth Quarter 2023 Earnings Conference Call. I will be your operate for today’s call. ...

Pixelworks, Inc. (NASDAQ:PXLW) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Brett Perry - Investor Relations, Shelton Group Todd DeBonis - President and Chief Executive Officer Haley Aman - Chief Financial Officer Conference Call Participants Suji Desilva - ROTH MKM Nick Doyle - Needham Richard Shannon - Craig-Hallum Operator Good day, ladies and gentlemen and welcome to Pixelworks, Inc.’s Third Quarter 2023 Earnings Conference Call. I will be your operate for today’s ca ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________ FORM 10-Q ________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 000-30269 _______________________________ ...

Financial Data and Key Metrics Changes - Revenue for Q2 2023 increased by 37% sequentially to $13.6 million from $10 million in Q1 2023, but decreased compared to $19.1 million in Q2 2022 [58] - Non-GAAP gross profit margin was 40.5% in Q2 2023, down from 44.1% in Q1 2023 and 49.3% in Q2 2022 [34] - Adjusted EBITDA for Q2 2023 was a negative $4 million, an improvement from a negative $7.8 million in Q1 2023 and a negative $2.4 million in Q2 2022 [17] Business Line Data and Key Metrics Changes - Mobile revenue increased by over 100% sequentially to approximately $6.9 million, representing a record 50% of total revenue [34] - Home and enterprise revenue was approximately $6.7 million, reflecting a small sequential increase compared to the prior quarter [34] - The mobile business is expected to continue its growth trajectory, with significant top-line growth anticipated in the second half of 2023 [25][26] Market Data and Key Metrics Changes - The smartphone market is experiencing a prolonged inventory correction, but Pixelworks has effectively cleared its mobile IC inventory [26] - The projector market continues to show subdued orders due to macro-related uncertainties, particularly in China [31] Company Strategy and Development Direction - The company is focusing on expanding its mobile ecosystem initiatives, including the introduction of the Pixelworks IRX Gaming Experience brand [9] - The TrueCut Motion platform is positioned as a scalable solution for high frame rate content, with expectations for broader commercialization [55] - The company is preparing for a local listing and has retained CITIC Securities as an advisor for the application process [32] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery in customer demand during the second half of the year, despite ongoing inventory corrections [13][57] - The company expects to see incremental improvement in gross margins starting in the second half of 2023, with a target of mid-50s gross margin by the end of 2024 [51][100] Other Important Information - The company ended Q2 2023 with cash and cash equivalents of $54.5 million and no outstanding debt [60] - Non-GAAP operating expenses were $10.7 million in Q2 2023, down from $13.6 million in the prior quarter [59] Q&A Session All Questions and Answers Question: How will the IRX brand be marketed going forward? - The company will market the IRX brand alongside its OEM customers and gaming vendors, with a significant focus on local marketing in China and Southeast Asia [41] Question: Is there a bifurcation of demand between premium smartphones and the broader smartphone market? - Management noted that the premium market has held up better than the low-cost market, contributing to their confidence in future growth [42] Question: Do you have good sell-through data for the models you are involved with? - Management relies on customer dialogue to gauge sell-through and noted that premium brands are performing well against OEM expectations [48] Question: What is the expected timeline for margins to return to the 48% to 50% level? - Management targets mid-50s gross margins by the end of 2024, with expectations for mobile to contribute significantly to this improvement [51][100] Question: What is the status of the TrueCut Motion platform? - The company expects to make additional announcements regarding the TrueCut Motion platform before year-end, indicating progress in its commercialization [55][87]