Pixelworks, Inc. Provides Earnings Guidance for the Third Quarter of 2023
August 08, 2023 at 05:00 pm EDT
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Pixelworks, Inc. provided earnings guidance for the third quarter of 2023. Based on current order trends in backlog, The company anticipates third quarter total revenue to be in the range of between $15 million and $17 million.
At the midpoint of this range, total revenue would represent an increase of approximately 17% over the second quarter, driven by expected sequential growth in both mobile and Home and Enterprise end markets during the third quarter.
Pixelworks, Inc. is a provider of visual processing semiconductor and software solutions that enables viewing experiences in a variety of applications. Its primary target markets are Mobile, including smartphones and tablets, home, and enterprise, including projectors, personal video recorders, and over-the-air (OTA) streaming devices, and Cinema, including creation, remastering, and delivery of digital video content. The Companyâs products categories include Semiconductor Hardware and Software and Platform Licensing. Its Semiconductor Hardware products include Visual Processor integrated circuits (ICs) for mobile devices, ImageProcessor SoCs for digital projectors and Transcoder ICs for media players, set-top-box recorders. Its Software and Platform Licensing products include Pixelworks Pro Software and TrueCut Motion Platform. Its core visual processing technologies include MotionEngine, artificial intelligence Based Display Processing, Advanced Scaling, and others.