Pixelworks Reports Second Quarter 2021 Financial Results and Announces Realignment Plan and Strategic Equity Investments Into Pixelworks Shanghai

 

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



June 30,
2021


December 31,
2020

ASSETS




Current assets:




Cash and cash equivalents

$                    23,624


$                    31,257

Short-term marketable securities

-


250

Accounts receivable, net

6,351


4,672

Inventories

1,577


2,445

Prepaid expenses and other current assets

1,888


1,010

Total current assets

33,440


39,634

Property and equipment, net

3,900


5,103

Operating lease right of use assets

6,013


6,606

Other assets, net

992


1,081

Acquired intangible assets, net

631


1,207

Goodwill

18,407


18,407

Total assets

$                    63,383


$                    72,038

LIABILITIES AND SHAREHOLDERS' EQUITY




Current liabilities:




Accounts payable

$                      2,664


$                         995

Accrued liabilities and current portion of long-term liabilities

8,745


9,452

Current portion of income taxes payable

140


147

Total current liabilities

11,549


10,594

Long-term liabilities, net of current portion

569


1,007

Operating lease liabilities, net of current portion

4,178


5,088

Income taxes payable, net of current portion

2,673


2,479

Total liabilities

18,969


19,168

Shareholders' equity

44,414


52,870

Total liabilities and shareholders' equity

$                    63,383


$                    72,038

 

(PRNewsfoto/Pixelworks, Inc.)

 

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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
Web: http://www.pixelworks.com/
Financial data for Pixelworks, Inc.


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