Pixelworks Q2 Loss Seen Widening to 20 Cents/Share, Revenue Plunges 96%
PXLW sits 35% above its 52-week low of $4.84.
Summary
Analyst estimates for Pixelworks' Q2 have deteriorated sharply since the last preview in May. The consensus loss is now 20 cents per share, versus 14 cents expected previously, on revenue of just $300 thousand — a 96.4% year-over-year collapse. This follows the company's strategic pivot and divestiture that generated a one-time Q1 profit. The August 11 report will reveal whether the core licensing business has any remaining revenue base.
At the time of this announcement, PXLW was trading at $6.54 on NASDAQ in the Technology sector, with a market capitalization of approximately $41.6M. The 52-week trading range was $4.84 to $15.42. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.