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Stock impact report

Pixelworks Reports First Quarter 2020 Financial Results

Pixelworks, Inc. (PXLW) 
Last pixelworks, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: pixelworks.com
Company Research Source: GlobeNewswire
SAN JOSE, Calif., April 30, 2020 (GLOBE NEWSWIRE) -- Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of innovative video and display processing solutions, today announced financial results for the first quarter ended March 31, 2020. First Quarter Financial Highlights Mobile revenue increased 64% year-over-year, driven by shipments of 5th generation visual processors and Soft Iris solutions in support of a growing number of newly launched smartphonesImplemented cost containment measures in proactive response to COVID-19 pandemic, reducing cash operating expenses by more than 10% from the midpoint of guidance while retaining 100% of employeesSecured additional liquidity by drawing down $5.2 million from existing line of credit to end quarter with $20.4 million in cash, cash equivalents and short-term investments First Quarter and Recent Business Highlights Announced new collaboration with Qualcomm to integrate OTA local TV with 5G broadband video soluti Show less Read more
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