Pixelworks (PXLW) Guides Q4 Sales of $16M-$17M

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Pixelworks Announces Preliminary Fourth Quarter 2021 Financial Results

January 11, 2022 7:00 AM EST

SAN JOSE, Calif., Jan. 11, 2022 /PRNewswire/ -- Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of innovative video and display processing solutions, today announced preliminary financial results for the fourth quarter ended December 31, 2021. Revenue for the fourth quarter of 2021 is expected to be between $16 million and $17 million, compared to the Company's original guidance range of $15.5 million to $17.5 million. Additionally, the Company's fourth quarter 2021 non-GAAP gross margin, non-GAAP operating expense and non-GAAP loss per share are expected to be within the Company's original guidance ranges.

"The fourth quarter is shaping-up to be another solid... More