Pixelworks, Inc. Revises Earnings Guidance for the Fourth Quarter Ended December 31, 2016
January 10, 2017 at 09:09 am
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Pixelworks, Inc. revised earnings guidance for the fourth quarter ended December 31, 2016. For the quarter, the company revenue is expected to be approximately $16 million, at the high end of the Company's previous revenue guidance of $15 million to $16 million. The company also expects to report a profit for the fourth quarter on a fully diluted GAAP basis, compared to previous guidance of a loss of $0.06 per share to breakeven. Additionally, the company generated cash from operations in the fourth quarter and anticipates a quarter-end cash balance of approximately $19.6 million, net of any borrowing, which is approximately $3 million greater than at the end of the third quarter.
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.
PIXELWORKS, INC. 
