Pixelworks (PXLW) Misses Q2 EPS by 292c

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Pixelworks Reports Second Quarter 2016 Financial Results

July 28, 2016 4:07 PM EDT

SAN JOSE, Calif.--(BUSINESS WIRE)-- Pixelworks, Inc. (NASDAQ: PXLW), an innovative provider of video display processing technology, today announced financial results for the second quarter ended June 30, 2016.

Second Quarter Highlights

Revenue increased 12% sequentially to $12.6 million; ASUS ZenPad Z8 launched by tier-one North American carrier incorporates Iris video display processor; Iris incorporated into first-ever smartphone with launch of ASUS ZenFone 3 Ultra; and David Sabo joined Pixelworks in June as Senior Vice President, Business Development and IP... More