Business
Pixelworks Reports First Quarter 2022 Financial Results
Mobile Revenue Increased 40% Year-over-Year, with Sales of Mobile Visual Processors Reaching a Quarterly Record PORTLAND, Ore., May 10, 2022 /PRNewswire/ --
About this update from Pixelworks, Inc.
[{"type":"text","content":"Mobile Revenue Increased 40% Year-over-Year, with Sales of Mobile Visual Processors Reaching a Quarterly Record\nPORTLAND, Ore., May 10, 2022 /PRNewswire/ -- Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of innovative video and display processing solutions, today announced financial results for the first quarter ended March 31, 2022.\nFirst Quarter and Recent Highlights\nTotal revenue increased 79% year-over-year with strong growth across all target end marketsMobile revenue included another consecutive quarterly record for hardware-based sales of mobile visual processors, reflecting expanded customer adoption and the ramp of new programs at targeted mobile OEMsOPPO launched its newest flagship Find X5 series, comprised of three smartphone models, each utilizing Pixelworks' software and patented high-efficiency color and brightness calibration technologyHONOR Magic4 series launched with two models in the series becoming the first HONOR smartphones to incorporate Pixelworks technology, and each leveraging Pixelworks' X5 Plus advanced visual processorOPPO affiliate launched the realme GT Neo3, the first realme smartphone to incorporate Pixelworks technology and the first ever smartphone built on MediaTek platform to feature a Pixelworks visual processor, the X5 seriesvivo launched the iQOO Neo6, its latest premium smartphone designed for high-performance mobile gaming and incorporating Pixelworks' X5 Plus visual processor to deliver a highly differentiated visual experiencePixelworks confirmed as a Unity Verified Solutions Partner (VSP), making an optimized version of Pixelworks' Rendering Accelerator SDK available to developers that utilize Unity's industry-leading gaming engine platformOnePlus Ace smartphone launched with multiple cutting-edge technologies, including Pixelworks' X5 Plus visual processor together with MediaTek's Dimensity 8100-MAX flagship-light 5G mobile platformAnnounced expansion of TrueCut® Motion ecosystem, with Pixelogic joining as certified service partner and to offer TrueCut Motion post-processing capabilities for future theatrical and streaming films and releases\"The first quarter represented a great start to 2022 with strong year-over-year growth, driven by expanded adoption of our mobile visual processors and an ongoing recovery in the projector market,\" stated Todd DeBonis, President and CEO ...