PIXELWORKS, INC.
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| Three Months Ended |
| Twelve Months Ended | ||||||
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| December 31, |
| September 30, |
| December 31, |
| December 31, |
| December 31, |
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| 2023 |
| 2023 |
| 2022 |
| 2023 |
| 2022 |
Reconciliation of GAAP and non-GAAP gross profit margin |
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GAAP gross profit margin |
| 44.7 % |
| 42.9 % |
| 53.1 % |
| 43.1 % |
| 51.2 % |
Stock-based compensation |
| 0.1 % |
| 0.1 % |
| 0.1 % |
| 0.1 % |
| 0.1 % |
Amortization of acquired intangible assets |
| — % |
| — % |
| — % |
| — % |
| 0.1 % |
Total reconciling items included in gross profit |
| 0.1 % |
| 0.1 % |
| 0.1 % |
| 0.1 % |
| 0.2 % |
Non-GAAP gross profit margin |
| 44.8 % |
| 43.1 % |
| 53.3 % |
| 43.2 % |
| 51.3 % |
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*Set forth above are reconciliations of the non-GAAP financial measure to the most directly comparable GAAP financial measure. The non-GAAP financial measure disclosed by the company has limitations and should not be
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PIXELWORKS, INC.
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| Three Months Ended | Twelve Months Ended | |||
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| December 31, | September 30, | December 31, | December 31, | December 31, |
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| 2023 | 2023 | 2022 | 2023 | 2022 |
| Reconciliation of GAAP net loss attributable to Pixelworks Inc. and adjusted EBITDA |
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| GAAP net loss attributable to Pixelworks Inc. | $ (3,744) | $ (6,999) | $ (1,934) | $ (26,176) | $ (16,030) |
| Stock-based compensation | 1,119 | 1,252 | 1,160 | 4,796 | 5,198 |
| Tax effect of non-GAAP adjustments | — | — | 3 | — | — |
| Amortization of acquired intangible assets | — | — | — | — | 90 |
| Non-GAAP net loss attributable to Pixelworks Inc. | $ (2,625) | $ (5,747) | $ (771) | $ (21,380) | $ (10,742) |
| EBITDA adjustments: |
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| Depreciation and amortization | $ 1,076 | $ 1,053 | $ 1,167 | $ 4,287 | $ 4,657 |
| Non-GAAP interest income and other, net | (435) | (471) | (272) | (2,050) | (700) |
| Non-GAAP provision (benefit) for income taxes | 39 | 158 | (1,132) | 357 | (884) |
| Adjusted EBITDA | $ (1,945) | $ (5,007) | $ (1,008) | $ (18,786) | $ (7,669) |
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| *Set forth above are reconciliations of the non-GAAP financial measure to the most directly comparable GAAP financial measure. The non-GAAP financial measure disclosed by the company has limitations and should not be
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