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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 streamlines organization following recent acquisition of Vixs Systems
Thursday, 14 Sep 2017 04:05pm EDT 

Sept 14 (Reuters) - Pixelworks Inc :Pixelworks streamlines organization following recent acquisition of Vixs Systems.Pixelworks Inc - ‍Restructuring eliminates redundant and non-strategic expenses, which include an approximate 15% reduction in total workforce​.Pixelworks Inc - ‍Pixelworks expects to realize approximately $4.0 million of annualized compensation expense savings, beginning in Q4 of 2017​.Pixelworks Inc - ‍Integration process is expected to be completed by year-end​.Pixelworks Inc - Expects to incur total charges of about $2 million related to employee severance and benefits, which will largely be recognized in Q3 FY17.  Full Article

Pixelworks Q2 earnings per share $0.04
Tuesday, 8 Aug 2017 04:05pm EDT 

Aug 8 (Reuters) - Pixelworks Inc :Pixelworks reports second quarter 2017 financial results.Q2 non-GAAP earnings per share $0.10.Q2 GAAP earnings per share $0.04.Q2 revenue $20.7 million versus I/B/E/S view $20.5 million.Q2 earnings per share view $0.07 -- Thomson Reuters I/B/E/S.Sees revenue to be between $18.0 million and $19.0 million in Q3.  Full Article

Vixs Systems obtains final order of Ontario Superior Court of Justice
Monday, 31 Jul 2017 08:02pm EDT 

July 31 (Reuters) - Vixs Systems Inc ::Obtained final order of ontario superior court of justice approving previously announced proposed acquisition by Pixelworks.  Full Article

Vixs shareholders approved proposed acquisition by Pixelworks Inc.
Thursday, 27 Jul 2017 12:27pm EDT 

July 27 (Reuters) - Vixs Systems Inc :Vixs announces results of shareholder meeting and provides update regarding proposed acquisition.Vixs shareholders approved proposed acquisition by Pixelworks Inc. Of all of vixs' outstanding common shares.‍98.66% of votes cast at meeting voted in favour of arrangement​.  Full Article

Pixelworks to acquire Vixs systems
Thursday, 18 May 2017 04:36pm EDT 

May 18 (Reuters) - Vixs Systems Inc :Pixelworks to acquire Vixs systems.Deal for approximately US$20.2 million.Each share of Vixs will be exchanged for 0.04836 of a share of Pixelworks' common stock.Pixelworks will buy outstanding shares of Vixs in all-stock transaction consisting of about 3.7 million shares of Pixelworks common stock.Says transaction has also been approved by Pixelworks' board of directors.Directors, officers of Vixs and shareholders, collectively holding 36% of Vixs' shares, entered into support and voting agreements.Pixelworks expects that transaction will be accretive to its full-year 2018 earnings per share.Directors, officers of Vix, certain shareholders, holding 36% of Vixs' shares, agreed to vote their shares in favor of deal at meeting.  Full Article

Pixelworks Q1 non-gaap earnings per share $0.12
Thursday, 27 Apr 2017 04:05pm EDT 

April 27 (Reuters) - Pixelworks Inc ::Pixelworks reports first quarter 2017 financial results.Q1 non-gaap earnings per share $0.12.Q1 gaap earnings per share $0.09.Q1 revenue $22.7 million.Sees q2 2017 revenue $20 million to $21 million.Q1 earnings per share view $0.12, revenue view $22.5 million -- Thomson Reuters I/B/E/S.  Full Article

Pixelworks Q4 non-gaap earnings per share $0.04
Thursday, 2 Feb 2017 04:05pm EST 

Pixelworks Inc : Pixelworks reports fourth quarter 2016 financial results . Q4 non-gaap earnings per share $0.04 . Q4 gaap earnings per share $0.01 . Q4 revenue $16 million versus I/B/E/S view $15.5 million . Q4 earnings per share view $0.01 -- Thomson Reuters I/B/E/S . Q1 revenue view $18.5 million -- Thomson Reuters I/B/E/S .Sees Q1 2017 revenue $22 million to $23 million.  Full Article

Pixelworks sees Q4 revenue about $16 mln
Tuesday, 10 Jan 2017 07:00am EST 

Pixelworks Inc : Pixelworks announces preliminary fourth quarter financial results . Sees Q4 revenue about $16 million . Expects to report Q4 profit on fully diluted GAAP basis, compared to previous guidance of loss of $0.06 per share to breakeven .Anticipates quarter-end cash balance of about $19.6 million, net of any borrowing, which is about $3 million greater than at end of Q3.  Full Article

Pixelworks
Thursday, 27 Oct 2016 04:05pm EDT 

Pixelworks Inc : Pixelworks reports third quarter 2016 financial results . Q3 non-GAAP loss per share $0.02 . Q3 GAAP loss per share $0.04 . Q3 revenue $13.7 million versus I/B/E/S view $13.5 million . Sees Q4 2016 revenue $15 million to $16 million . Q3 earnings per share view $-0.04 -- Thomson Reuters I/B/E/S .Sees Q4 gross profit margin of approximately 50% to 52% on both a GAAP basis and non-GAAP basis.  Full Article

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

BRIEF-Pixelworks streamlines organization following recent acquisition of Vixs Systems

* Pixelworks streamlines organization following recent acquisition of Vixs Systems