Pixelworks Reports Fourth Quarter and Full Year 2020 Financial Results
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Pixelworks (PXLW) Misses Q4 EPS by 1c, Revenues Beat
February 11, 2021 4:41 PM ESTPixelworks (NASDAQ: PXLW) reported Q4 EPS of ($0.11), $0.01 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $9.64 million versus the consensus estimate of $9.5 million.
Fourth Quarter and Recent Highlights
Mobile revenue grew 49% sequentially, driven by increased demand from OEM customers in support of recent and upcoming launches of new smartphonesCommenced initial production shipments of new sixth-generation mobile visual processor (i6) to leading smartphone customers in advance of scheduled product launches in early 2021GAAP gross margin was 45.5% and non-GAAP gross margin was 49.6%Expanded multi-year collaboration agreement with TCL to... More