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Pixelworks (PXLW)
NASDAQ:PXLW
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.09Last Year’s EPS
-0.05Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: 26.47%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted significant progress in cost reduction and strategic partnerships, particularly in the TrueCut Motion platform and upcoming mobile processors. However, the company faced challenges with declining mobile revenue and workforce reductions, impacting short-term financials.Company Guidance
During the Pixelworks Q3 2024 earnings call, the company provided guidance for the fourth quarter, anticipating revenue between $9 million and $10 million. The non-GAAP gross profit margin is expected to be between 49% and 51%. Operating expenses are projected to be in the range of $10 million to $11 million, reflecting incremental benefits from previously implemented cost reduction actions. The company also expects a non-GAAP EPS to range between a loss of $0.08 per share and a loss of $0.11 per share. These figures highlight Pixelworks' focus on cost management and strategic positioning for future growth, particularly in their mobile business, as they navigate current market challenges.Gross Margin Expansion
Gross margin expanded sequentially and year-over-year to over 51%, primarily due to a favorable product mix.
Cost Reduction Initiatives
Implemented cost reductions resulted in expected annualized savings of approximately $4 million, contributing to total cost savings of approximately $10 million over 6 quarters through year-end 2025.
TrueCut Motion Platform Progress
Announced a multiyear agreement with Universal Pictures to utilize motion-graded technology. DreamWorks Animation's 'The Wild Robot' became the first title released under this agreement, grossing over $270 million in worldwide box office.
Next-Generation Mobile Processor Qualification
Completed production qualification of the next-gen flagship mobile processor, with early production samples delivered and engagements with multiple customers for 2025 launches.
Shanghai Subsidiary Recognition
Pixelworks Shanghai subsidiary received the 'Little Giant' designation, allowing it to apply for government subsidies, including grants and R&D credits.
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PXLW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PXLW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $0.68 | $0.80 | +17.65% |
| Aug 07, 2024 | $0.81 | $0.85 | +4.94% |
| May 14, 2024 | $1.87 | $1.21 | -35.29% |
| Feb 08, 2024 | $2.25 | $2.21 | -1.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Pixelworks (PXLW) report earnings?
Pixelworks (PXLW) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Pixelworks (PXLW) earnings time?
Pixelworks (PXLW) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PXLW EPS forecast?
PXLW EPS forecast for the fiscal quarter 2024 (Q4) is -0.09.
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