Pixelworks Announces Preliminary First Quarter 2020 Financial Results
Pixelworks, Inc. (PXLW)
Last pixelworks, inc. earnings: 4/30 04:05 pm
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pixelworks.com
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Source: GlobeNewswire
SAN JOSE, Calif., April 07, 2020 (GLOBE NEWSWIRE) -- Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of innovative video and display processing solutions, today announced preliminary financial results for the first quarter ended March 31, 2020. Revenue for the first quarter of 2020 is expected to be approximately $13.8 million, which is close to the midpoint of the Company’s original guidance range of $13.0 million to $15.0 million. Non-GAAP gross profit margin in the first quarter of 2020 is expected to be in the higher range of the original guidance of between 49.0% and 51.0%. During the quarter, the Company implemented certain cost containment measures in response to the COVID-19 pandemic, resulting in expected non-GAAP operating expenses that are below the guidance range of $10.5 million to $11.5 million. As of March 31, 2020, the Company had cash, cash equivalents and short-term investments of approximately $20.4 million, which compared to $14.2 million at the end of the
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PXLW
Earnings
- 2/8/24 - Beat
PXLW
Sec Filings
- 4/11/24 - Form DEF
- 3/22/24 - Form 4
- 3/22/24 - Form 4
- PXLW's page on the SEC website