Pixelworks (PXLW) Tops Q4 EPS by 3c
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Pixelworks Reports Fourth Quarter 2016 Financial Results
February 2, 2017 4:05 PM ESTSAN JOSE, Calif.--(BUSINESS WIRE)-- Pixelworks, Inc. (NASDAQ: PXLW), an innovative provider of video display processing technology, today announced financial results for the fourth quarter and fiscal year ended December 31, 2016.
Fourth Quarter Highlights
Increased revenue 19% year over year and 17% sequentially to $16.0 million Achieved GAAP net income of $0.01 and non-GAAP net income of $0.04, per diluted share Generated positive cash flow from operations, with net cash balance of $19.6 million at quarter-endFor the fourth quarter 2016, revenue was... More
