Pixelworks (PXLW) Guides Q4 Higher

Pixelworks, Inc. (NASDAQ: PXLW) announced preliminary financial results for the fourth quarter of 2016.

For the quarter ended December 31, 2016, 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 (*** consensus is $15.5 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 (*** consensus is $0.01). 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 will be presenting at Needham & Company's Growth Conference on Wednesday, January 11, 2017 at 4:10pm EST.

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