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Pixelworks Inc (PXLW.OQ)

PXLW.OQ on NASDAQ Stock Exchange Global Market

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Latest Key Developments (Source: Significant Developments)

Pixelworks posts Q2 GAAP loss per share of $0.06
Thursday, 28 Jul 2016 04:05pm EDT 

Pixelworks Inc : Sees Q3 gross profit margin Of approximately 48% to 50% on both GAAP basis and Non-GAAP basis . Pixelworks reports second quarter 2016 financial results . Q2 Non-GAAP loss per share $0.03 . Q2 GAAP loss per share $0.06 . Q2 revenue $12.6 million versus i/b/e/s view $12 million . Sees Q3 2016 revenue $13 million to $14 million .Q2 earnings per share view $-0.08 -- Thomson Reuters I/B/E/S.  Full Article

Pixelworks Inc says about 24 pct reduction in workforce
Thursday, 7 Apr 2016 04:06pm EDT 

Pixelworks Inc:Says restructuring to streamline its product offerings and organization, including an approximately 24% reduction in workforce, in the areas of development, operations, sales and marketing.Expects the restructuring to result in annualized savings of at least $5.0 million.Expects to incur total charges of approximately $4.4 million related to asset disposal costs and employee severance and benefits, which will largely be recorded in the first quarter of 2016.Expects the restructuring to be substantially completed by the end of its third quarter ending September 30, 2016.  Full Article

Pixelworks Inc announces resignation of CEO Bruce Walicek
Monday, 1 Feb 2016 05:05pm EST 

Pixelworks Inc:Announces resignation of CEO Bruce Walicek.Director Stephen Domenik Appointed Interim CEO.Board of Directors has commenced efforts to promptly identify and select a candidate to succeed Walicek as CEO.  Full Article

Pixelworks announces details of common stock offering of 3.25 million shares with gross proceeds of $15.4 million
Friday, 7 Aug 2015 07:57am EDT 

Pixelworks:Says details of its previously announced public offering of common stock.Has agreed to sell 3,250,000 shares of its common stock at a price of $4.75 per share.Offering is expected to close on or about August 12.Roth Capital Partners will act as the sole book-running manager and Dougherty & Company will act as co-manager of the offering.Intends to use the net proceeds from the offering for general corporate purposes.Pending the application of the net proceeds, Pixelworks may invest the proceeds in marketable securities and short-term investments.  Full Article

Pixelworks Inc gives Q3 2015 guidance - Conference call
Thursday, 30 Jul 2015 05:00pm EDT 

Pixelworks Inc:Expects Q3 2015 revenues to be in range of between $16 million and $18 million.Expects Q3 2015 non-GAAP EPS of between $0.10 loss per share and $0.01 earnings per share and expect GAAP net loss of between $0.14 and $0.04 per share.  Full Article

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* Q3 earnings per share view $-0.04 -- Thomson Reuters I/B/E/S