Pixelworks (NASDAQ:PXLW) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$8.54m (down 37% from 2Q 2023).

• Net loss: US$10.1m (loss widened by 68% from 2Q 2023).

• US$0.17 loss per share (further deteriorated from US$0.11 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Pixelworks EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.3%.

Looking ahead, revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are down 8.2% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Pixelworks.

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