Followers | 4054 |
Posts | 151798 |
Boards Moderated | 3 |
Alias Born | 08/05/2009 |
![](https://investorshub.advfn.com/uicon/162645.png?cb=1681428050)
Saturday, November 07, 2015 10:26:25 AM
Pixelworks -22.5% on soft Q4 guidance; projector market weakness blamed
Nov 6 2015, 10:30 ET | By: Eric Jhonsa, SA News Editor Contact this editor with comments or a news tip
Though it beat Q3 EPS estimates and just slightly missed on revenue, Pixelworks (NASDAQ:PXLW) guided on its earnings call (webcast) for Q4 revenue of $13M-$15M and EPS of -$0.05 to -$0.14, below a consensus of $17.1M and -$0.04.The company sees macro pressures in China and other emerging markets weighing on Q4 projector video processor sales, and forecasts the projector market will now decline slightly Y/Y in 2015. It expects the market to return to growth in 2016, and for Pixelworks to outgrow it via share gains. A ~50% share is targeted.Mobile (Iris video processor) revenue is expected to grow modestly in Q4, but only totaled $250K in Q3. A recent Asus tablet design win is said to be driving interest from third parties. As expected, a second-gen Iris chip began volume production in Q3.Q3 details: Projectors were 91% of revenue, TV/panels 7%, and mobile 2%. Boosting EPS: Gross margin (non-GAAP) was 50.2% vs. 48.3% in Q2 and 50.4% a year ago, and above guidance of 48%-50%. Q4 GM guidance is also at 48%-50%. Also helping: Operating expenses fell by $800K Y/Y to $8.5M. Pixelworks ended Q3 with $29M in cash, and a $3M in short-term debt.Q3 results, PR
Recent PXLW News
- OnePlus Ace 3 Pro Equipped with Pixelworks Visual Processor Uplevels the Mobile Gaming Experience • PR Newswire (US) • 06/27/2024 01:00:00 PM
- Pixelworks Collaborates with Tencent's Honor of Kings to Deliver Premium Mobile Gaming Experience for Consumers • PR Newswire (US) • 06/21/2024 04:01:00 AM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/24/2024 08:01:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/21/2024 10:08:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/21/2024 10:06:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 01:02:28 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 01:01:37 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 01:00:59 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 01:00:16 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 12:59:35 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 12:58:30 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/15/2024 09:14:34 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 09:14:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 09:01:58 PM
- Pixelworks Reports First Quarter 2024 Financial Results • PR Newswire (US) • 05/14/2024 08:05:00 PM
- Pixelworks Empowers Infinix GT 20 Pro with Upgraded Mobile Visual Experience • PR Newswire (US) • 04/29/2024 09:30:00 AM
- Pixelworks to Announce First Quarter 2024 Financial Results on May 14 • PR Newswire (US) • 04/24/2024 08:05:00 PM
- Pixelworks Empowers iQOO Z9 Turbo to Bring Immersive Gaming and Video Experiences to More Consumers • PR Newswire (US) • 04/24/2024 02:00:00 PM
- "Godzilla x Kong: The New Empire" released in TrueCut Motion • PR Newswire (US) • 04/23/2024 11:00:00 AM
- Pixelworks Brings New Mobile Gaming Experience to "Diablo Immortal", a Co-developed Game by Blizzard Entertainment and NetEase • PR Newswire (US) • 04/11/2024 01:00:00 AM
- Latest TrueCut Motion Titles to be Demonstrated at CinemaCon 2024 • PR Newswire (US) • 04/04/2024 11:00:00 AM
- DreamWorks Animation's "Kung Fu Panda 4" Becomes Next New Release Movie Motion-Graded in TrueCut Motion, Pixelworks' Cinematic High-Frame-Rate Format • PR Newswire (US) • 03/11/2024 11:00:00 AM
- Pixelworks to Participate at the 36th Annual ROTH Conference on March 18 • PR Newswire (US) • 03/06/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/17/2024 12:03:11 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/17/2024 12:01:12 AM
FEATURED Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM