Pixelworks(PXLW) - 2024 Q3 - Quarterly Results

Exhibit 99.1 Pixelworks Reports Third Quarter 2024 Financial Results Third Quarter and Recent Highlights PORTLAND, Ore., November 12, 2024 – Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of innovative video and display processing solutions, today announced financial results for the third quarter ended September 30, 2024. • Total revenue increased 12% sequentially • GAAP gross margin expanded more than 50 basis points sequentially and 800 basis point year-overyear to 51.2%, primarily driven by favorabl ...