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Stock impact report

Pixelworks Inc (PXLW) Q3 2024 Earnings Call Highlights: Revenue Growth and Strategic ... [Yahoo! Finance]

Pixelworks, Inc. (PXLW) 
Last pixelworks, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: pixelworks.com
Company Research Source: Yahoo! Finance
Pixelworks Inc ( NASDAQ:PXLW ) reported a sequential increase in revenue for Q3 2024, driven by increased sales in the home and enterprise market. The company's gross margin expanded to over 51%, reflecting a favorable product mix and ongoing focus on healthy margins. Pixelworks Inc ( NASDAQ:PXLW ) has successfully completed production qualification of its next-generation flagship mobile processor, which is expected to be a disruptive force in the mobile gaming market. The company has initiated cost reduction measures, including a reduction in headcount, expected to result in annualized cost savings of approximately $4 million. Pixelworks Inc ( NASDAQ:PXLW ) announced a multi-year agreement with Universal Pictures to utilize its TrueCut motion technology, marking a significant milestone in its cinematic motion grading efforts. Revenue from the mobile segment was down 7% sequentially and 76% year over year, reflecting ongoing headwinds in the mobile business. The company r Show less Read more
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