Pixelworks, Inc. (PXLW) is a leading content creator in the industry. It also provides display processing and video delivery solutions and superior visual quality content. The company provides its services across all screen formats.
The price of PXLW stock during the regular trading on February 1, 2022, was $3.44 with a 2.69% surge. At last check in the premarket on February 2, 2022, the stock further went up by 7.56%.
PXLW: Events and Happenings
On January 31, 2022, PXLW’s CFO acquired 2794 shares of the company’s stock at a price of $2.56 per share. The total value of the shares was $7148. On January 26, 2022, PXLW updated about releasing its Q4 and full fiscal year 2021 financial results on February 10, 2022. The company announced its preliminary Q4 financials on Jan. 11, 2022, as the quarter ended December 31, 2021. The analysts expected EPS (loss) for the company to be approximately $0.05 and the revenue is estimated to be $16.47 million.
On January 11, 2022, PXLW and OnePlus co-announced the incorporation of the company’s innovative Pro Software solution in OnePlus’ 10 Pro smartphone. The new feature brings reliable color precision and eye comfort. On January 10, 2022, PXLW updated about management participation at the Virtual 24th Annual Needham Growth Conference on January 12, 2022.
On January 5, 2022, PXLW reported about the incorporation of its X5 Pro visual processor in iQOO 9 series smartphones. This feature helps reinforce the capability of players in the game. On December 16, 2021, PXLW updated about launching TrueCut Motion which is the pioneer motion-imaging end-to-end portfolio. It offers cutting-edge proficiency tools to control motion visualization in films is visualized in their films along with many other facilities.
On December 16, 2021, PXLW and MediaTek entered into an agreement for the accessibility of visual display processing for mobile products. On December 15, 2021, PXLW and OPPO co-reported the incorporation of the company’s color and brightness calibration expertise to the OPPO Find N smartphone.
PXLW: Key Financials
On November 9, 2021, PXLW released its financial results for the third quarter ended September 30, 2021. Some of the key updates are as follows.
Revenue
Revenue in Q3 2021 was $15.2 million, compared to $8.2 million in the same period of 2020. PXLW beats on the revenue by $343.7 thousand.
EPS
Basic and diluted net loss per share in Q3 2021 was $4.1 million or $0.08 against $4.4 million or $0.08 in same quarter of 2020. The company’s EPS beat by $0.01 as reported by analysts.
Conclusion
PXLW’s stock is performing sound in the recent few months as it gained 16%. The recent activity in the premarket is the result of an insider transaction of the shares by the company’s CFO. The current market position of the company is good for the investors as observed by the analysts.
