Pixelworks Reports First Quarter 2021 Financial Results

 

 

PIXELWORKS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)


March 31,
2021


December 31,
2020

ASSETS




Current assets:




Cash and cash equivalents

$                 25,437


$           31,257

Short-term marketable securities

-


250

Accounts receivable, net

5,522


4,672

Inventories

1,670


2,445

Prepaid expenses and other current assets

1,923


1,010

Total current assets

34,552


39,634

Property and equipment, net

4,384


5,103

Operating lease right of use assets

6,625


6,606

Other assets, net

1,005


1,081

Acquired intangible assets, net

902


1,207

Goodwill

18,407


18,407

Total assets

$                 65,875


$           72,038

LIABILITIES AND SHAREHOLDERS' EQUITY




Current liabilities:




Accounts payable

$                   1,726


$                995

Accrued liabilities and current portion of long-term liabilities

8,523


9,452

Current portion of income taxes payable

155


147

Total current liabilities

10,404


10,594

Long-term liabilities, net of current portion

790


1,007

Operating lease liabilities, net of current portion

4,791


5,088

Income taxes payable, net of current portion

2,600


2,479

Total liabilities

18,585


19,168

Shareholders' equity

47,290


52,870

Total liabilities and shareholders' equity

$                 65,875


$           72,038

 

(PRNewsfoto/Pixelworks, Inc.)

 

Cision View original content to download multimedia: http://www.prnewswire.com/news-releases/pixelworks-reports-first-quarter-2021-financial-results-301283632.html

SOURCE Pixelworks, Inc.

Contact:
Company Name: Pixelworks, Inc.
Investor Contact: Shelton Group, Brett Perry, P: +1-214-272-0070, E: Email Contact Company Contact: Pixelworks, Inc., Elias Nader, P: +1-408-200-9271, E: Email Contact
Financial data for Pixelworks, Inc.



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