Pixelworks Reports Fourth Quarter and Fiscal Year 2023 Financial Results

 

PIXELWORKS, INC.
RECONCILIATION OF GAAP AND NON-GAAP GROSS PROFIT MARGIN *
(Figures may not sum due to rounding)
(Unaudited)




Three Months Ended


Twelve Months Ended



December 31,


September 30,


December 31,


December 31,


December 31,



2023


2023


2022


2023


2022

Reconciliation of GAAP and non-GAAP gross profit margin











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 %












*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
considered a substitute for, or superior to, the financial measure prepared in accordance with GAAP, and the reconciliations from GAAP to Non-GAAP actuals should be carefully evaluated. Please refer to "Non-GAAP Financial
Measures" in this document for an explanation of the adjustments made to the comparable GAAP measures, the ways management uses the non-GAAP measures, and the reasons why management believes the non-GAAP
measures provide useful information for investors.

 

PIXELWORKS, INC.
RECONCILIATION OF GAAP AND NON-GAAP  FINANCIAL  INFORMATION *
(In thousands)
(Unaudited)



Three Months Ended

Twelve Months Ended


December 31,

September 30,

December 31,

December 31,

December 31,


2023

2023

2022

2023

2022

Reconciliation of GAAP net loss attributable to Pixelworks Inc. and adjusted EBITDA






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:






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)







*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
considered a substitute for, or superior to, the financial measure prepared in accordance with GAAP, and the reconciliations from GAAP to Non-GAAP actuals should be carefully evaluated. Please refer to "Non-GAAP Financial
Measures" in this document for an explanation of the adjustments made to the comparable GAAP measures, the ways management uses the non-GAAP measures, and the reasons why management believes the non-GAAP
measures provide useful information for investors.


« Previous Page 1 | 2 | 3 | 4 | 5 | 6  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise