Pixelworks Inc（PXLW）资讯与事件PXLWPixelworks Inc

Company Expects Revenue Growth in Q3, Signs Multi-Year Device Certification Agreement

Says quarter to quarter revenue to be lumpy in the near term as the company builds theatrical pipeline and begins to scale the business over time. Says revenue will be higher in the third quarter. Says recently secured a new agreement with a large device manufacturer. Says they completed an extensive evaluation of TrueCut Motion and existing TrueCut Motion titles. Says this led to signing of a multi-year device certification agreement, which will result in certification of a family of devices. Says currently targeting an announcement in conjunction with this partner's product plans for later this year. Says this partnership will result in accelerating the pipeline of immersive TrueCut Motion graded content. Comments taken from Q2 earnings conference call.

Expects Revenue to Increase Sequentially in Q3

Says expects revenue to increase sequentially in the third quarter based on currently booked business, including licensing and release and related motion grading services. Says would also like to reiterate previously provided high-level operating model consistent with our second quarter results.

Pixelworks Reports Q2 Revenue of $39,000

Reports Q2 revenue 39,000 vs. 113,000 last year. "Having completed Pixelworks' transformation into a pure-play technology licensing company earlier in the year, we are fully focused on building and scaling a global licensing business around our TrueCut Motion and visualization solutions," stated Todd DeBonis, Chairman and CEO of Pixelworks. "During the second quarter, we continued to expand the TrueCut Motion ecosystem through newly announced partnerships with both CINITY and Kinepolis Group. These additional endorsements of TrueCut Motion-enhanced content strengthen our growing network of leading exhibitors committed to bringing TrueCut Motion to premium large format screens across key international markets."