Filing Flows › Pixelworks (PXLW) › Q4 2024
Pixelworks (PXLW) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 13, 2025
Pixelworks (PXLW) reported revenue of $9.1M for the fourth quarter 2024 (Q4 2024), -55% from a year earlier and -5% from the quarter before. Operating margin was -71.4%, net loss $5.5M (60.1% of revenue).
Pixelworks, Q4 2024: revenue $9.1M (-55% year over year), operating margin -71.4%, net loss $5.5M, operating cash flow −$5.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.1M | -5% | -55% |
| Operating profit | −$6.5M | — | — |
| Net earnings | −$5.5M | — | — |
| Operating cash flow | −$5.6M | — | — |
What changed
Revenue was $9.1M in Q4 2024, down 55% year over year and down 5% from the previous quarter. IC sales was the largest line at 99% of revenue.
Gross margin was 54.6%, up 9.9 points from a year earlier. Operating costs exceeded revenue by $6.5M, an operating margin of -71.4%. Operating expenses fell 13% while revenue fell 55%. The quarter ended with a net loss of $5.5M, narrower than the previous quarter's $8.5M loss. Minority interests bore $102K of it: to shareholders the quarter was a loss of $5.4M. Non-operating items added $1.2M, -24% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$5.6M. Non-cash charges added back $916K of share-based compensation. Working capital and other items used $1.1M. Capital expenditures of $113K exceeded it, leaving free cash flow of −$5.7M.
Questions
What was Pixelworks' revenue in the fourth quarter 2024?
Pixelworks (PXLW) reported revenue of $9.1M for the fourth quarter 2024 (Q4 2024), -55% from a year earlier and -5% from the quarter before.
Was Pixelworks profitable in the fourth quarter 2024?
Operating loss was $6.5M (-71.4% of revenue) and net loss $5.5M.
Source: Pixelworks 10-K on SEC EDGAR.