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Pixelworks, Inc. Message Board

  • foggyswamp foggyswamp Nov 7, 2013 4:07 PM Flag

    Even if we get good numbers its

    all about guidance in the markets for Q4 at this point. Those who guide flat to down are getting crushed.

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    • fwiw ....HIMX ceo WU did his own downgrade last quarter. The stock went down and recovered to new highs. Even though the quarter numbers were good, he did another self downgrade today on guidance, but it to will be onward to new highs in 2014.

    • Revenue for the third quarter 2013 was $15.3 million , compared to $9.6 million in the second quarter of 2013 and $16.3 million in the third quarter of 2012. Revenue was up 60.2% sequentially driven by licensing revenue recognized during the third quarter and further ramping of the PA168 for the advanced TV market. Third quarter revenue was lower compared to the prior year quarter primarily as a result of lower chip revenue.
      On a GAAP basis, gross profit margin in the third quarter of 2013 was 60.9%, compared to 48.4% in the prior quarter and 47.8% in the third quarter of 2012. Third quarter 2013 GAAP operating expenses were $7.5 million , compared to $9.3 million in the previous quarter and $8.3 million in the third quarter of 2012. For the third quarter of 2013, the Company recorded GAAP net income of $1.5 million , or $0.07 per diluted share, compared to a GAAP net loss of $4.9 million , or $0.26 per share in the second quarter of 2013 and a GAAP net loss of $0.4 million , or $0.02 per share in the third quarter of 2012.
      On a non-GAAP basis, gross profit margin in the third quarter of 2013 was 61.6%, compared to 49.7% in the prior quarter and 49.0% in the third quarter of 2012. The increase in gross margin during the quarter was primarily driven by the recognition of higher margin licensing revenue. Third quarter 2013 operating expenses on a non-GAAP basis were $7.0 million , compared to $8.7 million in the prior quarter and $7.7 million in the third quarter of 2012. Operating expenses for the third quarter of 2013 and third quarter of 2012 include a reimbursement to research and development expense as the result of achieving certain milestones related to a previously announced customer co-development agreement. For the third quarter of 2013, the Company recorded non-GAAP net income of $2.1 million , or $0.10 per diluted share, compared with a net loss of $4.2 million , or $0.23 per share, in the prior quarter and net income of $0.3

 
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