Pixelworks (PXLW) Tops Q4 EPS by 1c, Slight Beat on Revenues; Offers 1Q18 Revenue Outlook Below Consensus

• Pixelworks (NASDAQ: PXLW) reported Q4 EPS of ($0.01), $0.01 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $18.4 million versus the consensus estimate of $18.09 million.
• For the fourth quarter of 2017, the Company recorded non-GAAP net loss of $379,000, or ($0.01) per share, compared to non-GAAP net income of $976,000, or $0.03 per diluted share, in the third quarter of 2017 and non-GAAP net income of $1.2 million, or $0.04 per diluted share, in the fourth quarter of 2016. For the full year 2017, non-GAAP net income was $7.7 million, or $0.23 per diluted share, compared to a non-GAAP net loss of $4.1 million, or ($0.14) per share, for the full year 2016.

Business Outlook for the First Quarter of 2018

Pixelworks expects revenue to be between $14.5 million and $15.5 million for the first quarter of 2018. Additional guidance will be provided as part of the Company’s earnings conference call.

GUIDANCE:

Pixelworks sees Q1 2018 revenue of $14.5-15.5 million, versus the consensus of $16.2 million.

For earnings history and earnings-related data on Pixelworks (PXLW) click here.

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