The forward-looking statements contained in this release are as of the date of this release, and the Company does not undertake any obligation to update any such statements, whether as a result of new information, future events or otherwise.
[Financial Tables Follow]
PIXELWORKS, INC.
| |||||
|
| |||||
|
| Three Months Ended | Six Months Ended | |||
|
| June 30, | March 31, | June 30, | June 30, | June 30, |
|
| 2021 | 2021 | 2020 | 2021 | 2020 |
Revenue, net | $ 14,051 | $ 9,270 | $ 9,253 | $ 23,321 | $ 23,027 |
Cost of revenue (1) | 6,940 | 5,545 | 4,204 | 12,485 | 11,203 |
Gross profit | 7,111 | 3,725 | 5,049 | 10,836 | 11,824 |
Operating expenses: |
|
|
|
|
|
Research and development (2) | 6,671 | 6,785 | 6,314 | 13,456 | 12,581 |
Selling, general and administrative (3) | 4,896 | 4,854 | 5,156 | 9,750 | 10,349 |
Restructuring | - | - | - | - | 592 |
Total operating expenses | 11,567 | 11,639 | 11,470 | 23,206 | 23,522 |
Loss from operations | (4,456) | (7,914) | (6,421) | (12,370) | (11,698) |
Interest income (expense) and other, net | 181 | 56 | (24) | 237 | 30 |
Total other income (expense), net | 181 | 56 | (24) | 237 | 30 |
Loss before income taxes | (4,275) | (7,858) | (6,445) | (12,133) | (11,668) |
Provision for income taxes | 107 | 217 | 107 | 324 | 283 |
Net loss | $ (4,382) | $ (8,075) | $ (6,552) | $ (12,457) | $ (11,951) |
Net loss per share - basic and diluted | $ (0.08) | $ (0.16) | $ (0.17) | (0.24) | (0.31) |
| Weighted average shares outstanding - basic and diluted | 52,283 | 51,673 | 39,444 | 51,980 | 39,156 |
| —————— |
|
|
|
|
|
| (1) Includes: |
|
|
|
|
|
| Amortization of acquired intangible assets | 218 | 245 | 298 | 463 | 596 |
| Stock-based compensation | 76 | 79 | 127 | 155 | 228 |
| (2) Includes stock-based compensation | 610 | 581 | 806 | 1,191 | 1,454 |
| (3) Includes: |
|
|
|
|
|
| Stock-based compensation | 820 | 772 | 1,310 | 1,592 | 2,383 |
| Amortization of acquired intangible assets | 53 | 60 | 76 | 113 | 152 |
