Pixelworks (PXLW) Tops Q2 EPS by 3c
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Pixelworks Reports Second Quarter 2017 Financial Results
August 8, 2017 4:05 PM EDTAchieved 36% Year-on-Year Revenue Growth, excluding End of Life Products
SAN JOSE, Calif.--(BUSINESS WIRE)-- Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of visual processing solutions, today announced financial results for the second quarter ended June 30, 2017.
Second Quarter and Recent Highlights
Revenue of $20.7 million, including $5.1 million related to End of Life (EOL) products Achieved GAAP net income of $0.04 per diluted share, non-GAAP net income of $0.10 per diluted share Recorded adjusted EBITDA of $4.7 million, and increased net cash balance by $12.6 million to... More