Pixelworks (PXLW) Misses Q1 EPS by 2c

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Go back to Pixelworks (PXLW) Misses Q1 EPS by 2c

Pixelworks Reports First Quarter 2015 Financial Results

April 30, 2015 4:06 PM EDT

SAN JOSE, Calif.--(BUSINESS WIRE)-- Pixelworks, Inc. (NASDAQ: PXLW), an innovative provider of video display processing technology enabling the highest quality viewing experience for displays of all sizes, today announced financial results for the first quarter ended March 31, 2015.

For the first quarter of 2015, revenue was $14.4 million, compared to $15.1 million in the prior quarter and $13.5 million in the first quarter of 2014. The year-over-year increase in revenue was primarily driven by 35 percent growth in chip revenue, reflecting market share gains in the projector market.

On a GAAP basis, gross profit margin in the... More