Pixelworks Reports Fourth Quarter and Fiscal Year 2021 Financial Results

 

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



December 31,
2021

December 31,
2020

ASSETS



Current assets:



Cash and cash equivalents

$                     61,587

$                     31,257

Short-term marketable securities

-

250

Accounts receivable, net

8,708

4,672

Inventories

1,469

2,445

Prepaid expenses and other current assets

2,732

1,010

Total current assets

74,496

39,634

Property and equipment, net

5,656

5,103

Operating lease right of use assets

4,789

6,606

Other assets, net

3,162

1,081

Acquired intangible assets, net

90

1,207

Goodwill

18,407

18,407

Total assets

$                   106,600

$                     72,038

LIABILITIES AND SHAREHOLDERS' EQUITY



Current liabilities:



Accounts payable

$                       2,747

$                          995

Accrued liabilities and current portion of long-term liabilities

13,563

9,452

Current portion of income taxes payable

128

147

Total current liabilities

16,438

10,594

Long-term liabilities, net of current portion

519

1,007

Deposit liability

12,716

-

Operating lease liabilities, net of current portion

2,853

5,088

Income taxes payable, net of current portion

2,948

2,479

Total liabilities

35,474

19,168

Redeemable non-controlling interest

30,905

-

Shareholders' equity

40,221

52,870

Total liabilities, redeemable non-controlling interest and shareholders' equity

$                   106,600

$                     72,038


 

(PRNewsfoto/Pixelworks, Inc.)

 

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/pixelworks-reports-fourth-quarter-and-fiscal-year-2021-financial-results-301480234.html

SOURCE Pixelworks, Inc.

Contact:
Company Name: Pixelworks, Inc.
Investors, Shelton Group, Brett Perry, P: +1-214-272-0070, E: Email Contact Company Contact, Pixelworks, Inc., Haley Aman, P: +1-503-601-4540, E: Email Contact
Financial data for Pixelworks, Inc.



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