Pixelworks(US:PXLW)2026-03-12 21:00Financial Performance - Pixelworks reported a net revenue of $693,000 for the fiscal year 2025, a slight increase from $690,000 in 2024[18] - The company achieved a gross profit of $589,000 in 2025, compared to $561,000 in the previous year, reflecting a gross margin improvement[18] - Operating expenses decreased to $12,145,000 in 2025 from $13,525,000 in 2024, primarily due to reduced research and development costs[18] - Pixelworks incurred a net loss of $23,258,000 in 2025, an improvement from a net loss of $29,537,000 in 2024[18] - Pixelworks' net loss attributable to shareholders improved to $22,499,000 in 2025 from $28,719,000 in 2024, resulting in a loss per share of $4.08[18] Asset Management - The company completed the sale of its Shanghai semiconductor subsidiary, adding approximately $51 million to its cash balance of $11.2 million as of December 31, 2025[6] - Pixelworks' total current assets increased to $50,233,000 in 2025 from $34,852,000 in 2024, driven by the cash proceeds from the subsidiary sale[15] - Pixelworks' cash and cash equivalents increased significantly to $11,243,000 in 2025 from $5,482,000 in 2024, enhancing its financial flexibility[15] Strategic Focus - The company restructured its operations to focus entirely on its global technology licensing business following the sale of its semiconductor subsidiary[6] - The company appointed a new EVP of Business Development to align with its strategic focus on technology licensing[6]