Pixelworks, Inc. (PXLW) 10-Year Financial Performance & Capital Metrics

PXLW • • Industrial / General

TechnologySemiconductorsDigital & Computing SemiconductorsProcessors & Microcontrollers

AboutPixelworks, Inc., together with its subsidiaries, develops and markets semiconductor and software solutions for mobile, home entertainment, content, and business and education markets. The company provides video display processor products, including image processor integrated circuits, such as embedded microprocessors, digital signal processing technology, and software that control the operations and signal processing within high-end display systems; video co-processor integrated circuits that work with an image processor to post-process video signals to enhance the performance or feature set of the overall video solution; and transcoder integrated circuits, which comprise embedded microprocessors, digital signal processing technology, and software that control the operations and signal processing for converting bitrates, resolutions, and codecs. As of March 31, 2022, it had an intellectual property portfolio of 334 patents related to the visual display of digital image data. The company sells its through a direct sales force, distributors, and manufacturers' representatives in Japan, China, Taiwan, the United States, Europe, and Korea. Pixelworks, Inc. was incorporated in 1997 and is based in Portland, Oregon.Show more

Revenue $43M -27.6%
EBITDA -$28M -13.3%
Net Income -$29M -9.7%
EPS (Diluted) -5.88 -1151.1%
Gross Margin 51.58% +19.7%
EBITDA Margin -63.83% -56.4%
Operating Margin -72.58% -51.2%
Net Margin -66.47% -51.5%
ROE -54.76% -43.6%
ROIC -111.64% -7.6%
Debt/Equity 0.09 +14.9%
Interest Coverage -454.45 +60.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Share count reduced 91.3% through buybacks
✓Trading at only 0.8x book value

✗Weaknesses

✗Negative free cash flow
✗Sales declining 8.9% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-3.38%

5Y-8.87%

3Y-7.79%

TTM-38.72%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM9.87%

EPS CAGR

10Y-

5Y-

3Y-

TTM-59.82%

ROCE

10Y Avg-29.1%

5Y Avg-33.8%

3Y Avg-32.23%

Latest-44.99%

Peer Comparison

Processors & Microcontrollers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AMDAdvanced Micro Devices, Inc.	359.75B	220.97	220.97	13.69%	10.32%	5.44%	0.67%	0.04
LSCCLattice Semiconductor Corporation	11.8B	86.30	196.14	-30.9%	5.5%	3.86%	1.02%	0.02
NVDANVIDIA Corporation	4.52T	185.81	63.20	114.2%	53.01%	83.43%	1.35%	0.13
ICGIntchains Group Limited	57.43M	2.00	1.16	242.68%	6.51%	1.97%		0.00
PXLWPixelworks, Inc.	40.91M	6.50	-1.11	-27.6%	-73.56%	-90.71%		0.09
NANano Labs Ltd	69.28M	3.42	-2.05	-48.18%	-261.01%	-10.18%		0.85
WKEYWISeKey International Holding AG	71.31M	8.86	-3.34	-61.59%	-108.66%	-28.31%		0.10
LAESSEALSQ Corp	764.6M	4.31	-6.34	-63.47%	-141.28%	-42.3%		0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	59.52M	53.39M	80.64M	76.55M	68.75M	40.85M	55.1M	70.15M	59.68M	43.21M
Revenue Growth %	-0.02%	-0.1%	0.51%	-0.05%	-0.1%	-0.41%	0.35%	0.27%	-0.15%	-0.28%
Cost of Goods Sold+	30.22M	28.32M	38.87M	37.08M	34.26M	20.67M	27.41M	34.27M	33.97M	20.92M
COGS % of Revenue	0.51%	0.53%	0.48%	0.48%	0.5%	0.51%	0.5%	0.49%	0.57%	0.48%
Gross Profit+	29.29M	25.07M	41.76M	39.48M	34.49M	20.18M	27.69M	35.88M	25.71M	22.29M
Gross Margin %	0.49%	0.47%	0.52%	0.52%	0.5%	0.49%	0.5%	0.51%	0.43%	0.52%
Gross Profit Growth %	-0.08%	-0.14%	0.67%	-0.05%	-0.13%	-0.41%	0.37%	0.3%	-0.28%	-0.13%
Operating Expenses+	39.1M	32.81M	39.42M	42.83M	47.22M	46.92M	47.7M	52.7M	54.34M	53.64M
OpEx % of Revenue	0.66%	0.61%	0.49%	0.56%	0.69%	1.15%	0.87%	0.75%	0.91%	1.24%
Selling, General & Admin	14.45M	13.77M	17.82M	19.55M	20.89M	19.84M	0	0	23.47M	20.7M
SG&A % of Revenue	0.24%	0.26%	0.22%	0.26%	0.3%	0.49%	-	-	0.39%	0.48%
Research & Development	24.64M	19.04M	21.43M	22.88M	26.02M	25.04M	27.25M	30.52M	30.88M	31.34M
R&D % of Revenue	0.41%	0.36%	0.27%	0.3%	0.38%	0.61%	0.49%	0.44%	0.52%	0.73%
Other Operating Expenses	0	0	168K	0	312K	2.04M	20.45M	22.18M	0	1.61M
Operating Income+	-9.8M	-10.35M	-2.03M	-4.82M	-12.72M	-26.74M	-20M	-16.82M	-28.64M	-31.36M
Operating Margin %	-0.16%	-0.19%	-0.03%	-0.06%	-0.19%	-0.65%	-0.36%	-0.24%	-0.48%	-0.73%
Operating Income Growth %	-0.1%	-0.06%	0.8%	-1.37%	-1.64%	-1.1%	0.25%	0.16%	-0.7%	-0.1%
EBITDA+	-5.54M	-6.88M	2.21M	331K	-7.38M	-21.5M	-16.45M	-13.57M	-24.35M	-27.58M
EBITDA Margin %	-0.09%	-0.13%	0.03%	0%	-0.11%	-0.53%	-0.3%	-0.19%	-0.41%	-0.64%
EBITDA Growth %	-0.25%	-0.24%	1.32%	-0.85%	-23.31%	-1.91%	0.23%	0.17%	-0.79%	-0.13%
D&A (Non-Cash Add-back)	4.26M	3.47M	4.24M	5.15M	5.34M	5.23M	3.55M	3.24M	4.29M	3.78M
EBIT	-9.8M	-10.35M	-2.75M	-3.03M	-8.47M	-25.69M	-20M	-16.82M	-26.56M	-28.99M
Net Interest Income+	-446K	-406K	-1.25M	-142K	169K	-152K	211K	620K	1.93M	1.2M
Interest Income	0	0	141K	296K	327K	87K	211K	670K	1.95M	1.27M
Interest Expense	446K	406K	1.07M	438K	158K	239K	0	50K	25K	69K
Other Income/Expense	-446K	-406K	-1.65M	1.35M	4.5M	805K	457K	700K	2.05M	2.3M
Pretax Income+	-10.25M	-10.75M	-3.68M	-4.17M	-8.62M	-25.93M	-19.55M	-16.12M	-26.59M	-29.06M
Pretax Margin %	-0.17%	-0.2%	-0.05%	-0.05%	-0.13%	-0.63%	-0.35%	-0.23%	-0.45%	-0.67%
Income Tax+	320K	355K	493K	448K	453K	598K	-133K	-884K	357K	478K
Effective Tax Rate %	1.03%	1.03%	1.13%	1.11%	1.05%	1.02%	1.01%	0.99%	0.98%	0.99%
Net Income+	-10.57M	-11.11M	-4.17M	-4.62M	-9.08M	-26.53M	-19.82M	-16.03M	-26.18M	-28.72M
Net Margin %	-0.18%	-0.21%	-0.05%	-0.06%	-0.13%	-0.65%	-0.36%	-0.23%	-0.44%	-0.66%
Net Income Growth %	-0.06%	-0.05%	0.62%	-0.11%	-0.96%	-1.92%	0.25%	0.19%	-0.63%	-0.1%
Net Income (Continuing)	-10.57M	-11.11M	-4.17M	-3.91M	-9.08M	-26.53M	-19.41M	-15.23M	-26.94M	-29.54M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	30.91M	39.83M	52.47M	50.45M
EPS (Diluted)+	-0.42	-0.39	-0.13	-0.13	-0.24	-0.65	-4.56	-3.60	-0.47	-5.88
EPS Growth %	0.05%	0.07%	0.67%	0%	-0.85%	-1.71%	-6.02%	0.21%	0.87%	-11.51%
EPS (Basic)	-0.42	-0.39	-0.13	-0.13	-0.24	-0.65	-4.56	-3.60	-0.47	-5.88
Diluted Shares Outstanding	25.09M	28.28M	31.51M	35.96M	37.85M	40.71M	4.38M	4.53M	56.16M	4.87M
Basic Shares Outstanding	25.09M	28.28M	31.51M	35.96M	37.85M	40.71M	4.38M	4.53M	56.16M	4.87M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	36.49M	26.28M	36.34M	35.44M	32.24M	39.63M	74.5M	72.37M	64.72M	34.85M
Cash & Short-Term Investments	26.59M	19.62M	27.52M	24.01M	14.23M	31.51M	61.59M	56.82M	47.54M	23.65M
Cash Only	26.59M	19.62M	27.52M	17.94M	7.26M	31.26M	61.59M	56.82M	47.54M	23.65M
Short-Term Investments	0	0	0	6.07M	6.97M	250K	0	0	0	0
Accounts Receivable	5.99M	3.12M	4.64M	6.98M	10.91M	4.67M	8.71M	10.05M	10.07M	5.8M
Days Sales Outstanding	36.72	21.32	21	33.29	57.94	41.74	57.68	52.28	61.62	49.03
Inventory	3.27M	2.8M	2.85M	2.95M	5.4M	2.44M	1.47M	1.76M	3.97M	4.21M
Days Inventory Outstanding	39.44	36.12	26.72	29.08	57.54	43.17	19.56	18.75	42.64	73.45
Other Current Assets	644K	736K	1.33M	1.49M	0	0	2.73M	3.75M	3.14M	1.19M
Total Non-Current Assets+	7.35M	4.58M	31.21M	29.9M	32.42M	32.4M	32.1M	29.95M	31.24M	29.22M
Property, Plant & Equipment	6.54M	3.79M	5.61M	6.15M	10.04M	11.71M	10.45M	7.96M	10.72M	9.87M
Fixed Asset Turnover	9.10x	14.08x	14.39x	12.45x	6.85x	3.49x	5.28x	8.81x	5.57x	4.38x
Goodwill	0	0	18.41M	18.41M	18.41M	18.41M	18.41M	18.41M	18.41M	18.41M
Intangible Assets	0	0	5.86M	4.21M	2.7M	1.21M	90K	0	0	0
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	675K	672K	1.34M	1.13M	1.27M	1.08M	3.16M	3.58M	2.12M	945K
Total Assets+	43.84M	30.86M	67.54M	65.34M	64.66M	72.04M	106.6M	102.32M	95.97M	64.07M
Asset Turnover	1.36x	1.73x	1.19x	1.17x	1.06x	0.57x	0.52x	0.69x	0.62x	0.67x
Asset Growth %	0.28%	-0.3%	1.19%	-0.03%	-0.01%	0.11%	0.48%	-0.04%	-0.06%	-0.33%
Total Current Liabilities+	14.69M	9.73M	18.27M	17.2M	9.67M	10.59M	16.44M	12.51M	12.3M	8.35M
Accounts Payable	2.94M	1.73M	1.44M	2.12M	818K	995K	2.75M	3.14M	2.42M	1.4M
Days Payables Outstanding	35.55	22.35	13.48	20.83	8.71	17.57	36.58	33.48	25.96	24.43
Short-Term Debt	3M	0	0	0	0	3.32M	0	0	0	0
Deferred Revenue (Current)	1000K	0	418K	96K	146K	179K	50K	230K	0	0
Other Current Liabilities	2.36M	1.33M	3.12M	3.47M	1.95M	-1.28M	5.89M	3.6M	3.02M	2.61M
Current Ratio	2.48x	2.70x	1.99x	2.06x	3.33x	3.74x	4.53x	5.78x	5.26x	4.18x
Quick Ratio	2.26x	2.41x	1.83x	1.89x	2.77x	3.51x	4.44x	5.64x	4.94x	3.67x
Cash Conversion Cycle	40.61	35.09	34.24	41.54	106.77	67.34	40.66	37.55	78.3	98.06
Total Non-Current Liabilities+	2.77M	2.07M	9.84M	3.32M	7.45M	8.57M	19.04M	17.56M	18.66M	15.85M
Long-Term Debt	0	0	6.07M	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	4.21M	5.09M	2.85M	2.15M	2.57M	1.45M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	2.77M	2.07M	3.77M	3.32M	3.24M	3.49M	16.18M	15.41M	16.09M	14.4M
Total Liabilities	17.47M	11.81M	28.11M	20.52M	17.13M	19.17M	35.47M	30.07M	30.96M	24.19M
Total Debt+	3M	0	6.07M	1.76M	5.76M	10.45M	5.29M	3.54M	4.95M	3.49M
Net Debt	-23.59M	-19.62M	-21.45M	-16.19M	-1.5M	-20.81M	-56.3M	-53.28M	-42.6M	-20.16M
Debt / Equity	0.11x	-	0.15x	0.04x	0.12x	0.20x	0.07x	0.05x	0.08x	0.09x
Debt / EBITDA	-	-	2.75x	5.31x	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-9.71x	-48.91x	-	-	-	-	-	-
Interest Coverage	-21.98x	-25.48x	-1.89x	-11.00x	-80.54x	-111.87x	-	-336.34x	-1145.44x	-454.45x
Total Equity+	26.38M	19.05M	39.44M	44.82M	47.53M	52.87M	71.13M	72.25M	65.01M	39.88M
Equity Growth %	0.68%	-0.28%	1.07%	0.14%	0.06%	0.11%	0.35%	0.02%	-0.1%	-0.39%
Book Value per Share	1.05	0.67	1.25	1.25	1.26	1.30	16.25	15.96	1.16	8.19
Total Shareholders' Equity	26.38M	19.05M	39.44M	44.82M	47.53M	52.87M	40.22M	32.42M	12.54M	-10.57M
Common Stock	390.52M	394.3M	418.89M	428.9M	436.12M	467.96M	475.64M	481.23M	486.32M	490.62M
Retained Earnings	-364.15M	-375.26M	-379.47M	-384.1M	-388.61M	-415.13M	-434.95M	-450.99M	-477.16M	-505.88M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	6K	10K	20K	15K	12K	47K	-468K	2.18M	3.38M	4.69M
Minority Interest	0	0	0	0	0	0	30.91M	39.83M	52.47M	50.45M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-3.85M	-1.53M	12.2M	955K	-10.38M	-3.71M	-9.16M	-12.83M	-18.81M	-19.81M
Operating CF Margin %	-0.06%	-0.03%	0.15%	0.01%	-0.15%	-0.09%	-0.17%	-0.18%	-0.32%	-0.46%
Operating CF Growth %	-3.28%	0.6%	8.95%	-0.92%	-11.87%	0.64%	-1.47%	-0.4%	-0.47%	-0.05%
Net Income	-10.57M	-11.11M	-4.17M	-4.62M	-9.08M	-26.53M	-19.41M	-15.23M	-26.18M	-28.72M
Depreciation & Amortization	4.26M	3.47M	4.24M	5.15M	5.34M	5.23M	4.77M	4.75M	4.29M	3.78M
Stock-Based Compensation	3.92M	2.66M	4.24M	5.68M	6.65M	7.85M	6.08M	5.2M	4.8M	0
Deferred Taxes	-300K	-148K	-187K	-81K	-79K	-62K	-770K	-1.74M	299K	101K
Other Non-Cash Items	53K	1.79M	2.95M	-761K	-3.99M	-795K	10K	8K	-767K	3.06M
Working Capital Changes	-1.21M	1.8M	5.13M	-4.42M	-9.22M	10.59M	165K	-5.81M	-1.25M	1.97M
Change in Receivables	-1.34M	2.87M	-554K	-2.34M	-3.93M	6.24M	-4.04M	-1.34M	-28K	4.27M
Change in Inventory	-368K	179K	1.38M	-531K	-2.46M	2.96M	976K	-291K	-2.21M	-242K
Change in Payables	-210K	-1.21M	-2.06M	675K	-1.3M	166K	1.28M	486K	-727K	-1.02M
Cash from Investing+	-3.07M	-2.14M	-583K	-8.12M	-51K	3.94M	-3.23M	-3.01M	-3.99M	-3.12M
Capital Expenditures	-3.07M	-2.14M	-2.48M	-2.1M	-3.15M	-2.64M	-3.48M	-3.01M	-3.83M	-3.76M
CapEx % of Revenue	0.05%	0.04%	0.03%	0.03%	0.05%	0.06%	0.06%	0.04%	0.06%	0.09%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-55K	0	0	-6.03M	3.38M	-152K	0	-10.74M	-156K	641K
Cash from Financing+	15.58M	-3.29M	-3.71M	-2.41M	-256K	23.77M	42.71M	11.07M	13.53M	-971K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-777K	-290K	-1.67M	-1.87M	-826K	-407K	42.39M	10.74M	14.6M	157K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-6.91M	-3.68M	9.71M	-1.14M	-13.53M	-6.5M	-12.63M	-15.84M	-22.65M	-23.57M
FCF Margin %	-0.12%	-0.07%	0.12%	-0.01%	-0.2%	-0.16%	-0.23%	-0.23%	-0.38%	-0.55%
FCF Growth %	-4.89%	0.47%	3.64%	-1.12%	-10.86%	0.52%	-0.94%	-0.25%	-0.43%	-0.04%
FCF per Share	-0.28	-0.13	0.31	-0.03	-0.36	-0.16	-2.89	-3.50	-0.40	-4.84
FCF Conversion (FCF/Net Income)	0.36x	0.14x	-2.92x	-0.21x	1.14x	0.14x	0.46x	0.80x	0.72x	0.69x
Interest Paid	104K	139K	418K	501K	142K	217K	162K	196K	161K	0
Taxes Paid	366K	437K	160K	657K	547K	397K	376K	188K	315K	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-50.26%	-48.9%	-14.27%	-10.97%	-19.66%	-52.85%	-31.97%	-22.36%	-38.14%	-54.76%
Return on Invested Capital (ROIC)	-415.07%	-701.58%	-17.52%	-15.51%	-25.56%	-51.35%	-63.98%	-74.63%	-103.79%	-111.64%
Gross Margin	49.22%	46.95%	51.79%	51.57%	50.17%	49.41%	50.26%	51.15%	43.08%	51.58%
Net Margin	-17.76%	-20.8%	-5.17%	-6.04%	-13.2%	-64.93%	-35.97%	-22.85%	-43.86%	-66.47%
Debt / Equity	0.11x	-	0.15x	0.04x	0.12x	0.20x	0.07x	0.05x	0.08x	0.09x
Interest Coverage	-21.98x	-25.48x	-1.89x	-11.00x	-80.54x	-111.87x	-	-336.34x	-1145.44x	-454.45x
FCF Conversion	0.36x	0.14x	-2.92x	-0.21x	1.14x	0.14x	0.46x	0.80x	0.72x	0.69x
Revenue Growth	-2.31%	-10.29%	51.03%	-5.06%	-10.19%	-40.58%	34.87%	27.3%	-14.92%	-27.6%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Integrated Circuits	-	-	-	74.25M	66.25M	39.2M	50.81M	68.17M	58.6M	42.29M
Integrated Circuits Growth	-	-	-	-	-10.77%	-40.82%	29.59%	34.17%	-14.03%	-27.83%
Engineering Services And Other	-	-	-	2.31M	2.5M	1.65M	4.29M	1.98M	1.07M	915K
Engineering Services And Other Growth	-	-	-	-	8.58%	-34.13%	160.30%	-53.95%	-45.70%	-14.80%

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
JAPAN	50.44M	44.19M	66.04M	67.33M	53.63M	26.55M	27M	37.67M	24.08M	25.82M
JAPAN Growth	-	-12.39%	49.46%	1.95%	-20.35%	-50.48%	1.68%	39.53%	-36.08%	7.22%
CHINA	765K	1.62M	2.12M	5.08M	10.21M	8.94M	23.98M	25.57M	33.62M	15.94M
CHINA Growth	-	111.24%	31.00%	139.91%	101.08%	-12.51%	168.35%	6.64%	31.50%	-52.60%
TAIWAN	-	-	-	-	-	-	-	-	1.81M	729K
TAIWAN Growth	-	-	-	-	-	-	-	-	-	-59.79%
UNITED STATES	167K	84K	1.7M	1.81M	3.1M	3.06M	1.62M	3.44M	157K	719K
UNITED STATES Growth	-	-49.70%	1920.24%	6.95%	71.07%	-1.55%	-46.88%	111.95%	-95.44%	357.96%
TAIWAN, PROVINCE OF CHINA	5.91M	5.09M	6.84M	1.62M	1.6M	1.67M	2.14M	3.03M	-	-
TAIWAN, PROVINCE OF CHINA Growth	-	-13.78%	34.27%	-76.33%	-1.36%	4.45%	28.42%	41.55%	-	-
KOREA, REPUBLIC OF	942K	963K	987K	427K	108K	308K	116K	277K	-	-
KOREA, REPUBLIC OF Growth	-	2.23%	2.49%	-56.74%	-74.71%	185.19%	-62.34%	138.79%	-	-
Europe	611K	634K	2.17M	284K	104K	333K	242K	150K	-	-
Europe Growth	-	3.76%	241.64%	-86.89%	-63.38%	220.19%	-27.33%	-38.02%	-	-
Geographical Region Other	687K	812K	788K	-	-	-	-	-	-	-
Geographical Region Other Growth	-	18.20%	-2.96%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Pixelworks, Inc. (PXLW) reported $33.2M in revenue for fiscal year 2024. This represents a 49% decrease from $64.6M in 2011.

Pixelworks, Inc. (PXLW) saw revenue decline by 27.6% over the past year.

Pixelworks, Inc. (PXLW) reported a net loss of $24.4M for fiscal year 2024.

Dividend & Returns

Pixelworks, Inc. (PXLW) has a return on equity (ROE) of -54.8%. Negative ROE indicates the company is unprofitable.

Pixelworks, Inc. (PXLW) had negative free cash flow of $17.2M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Pixelworks, Inc. (PXLW) 10-Year Financial Performance & Capital Metrics

PXLW • • Industrial / General

TechnologySemiconductorsDigital & Computing SemiconductorsProcessors & Microcontrollers

Revenue $43M -27.6%
EBITDA -$28M -13.3%
Net Income -$29M -9.7%
EPS (Diluted) -5.88 -1151.1%
Gross Margin 51.58% +19.7%
EBITDA Margin -63.83% -56.4%
Operating Margin -72.58% -51.2%
Net Margin -66.47% -51.5%
ROE -54.76% -43.6%
ROIC -111.64% -7.6%
Debt/Equity 0.09 +14.9%
Interest Coverage -454.45 +60.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Share count reduced 91.3% through buybacks
✓Trading at only 0.8x book value

✗Weaknesses

✗Negative free cash flow
✗Sales declining 8.9% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-3.38%

5Y-8.87%

3Y-7.79%

TTM-38.72%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM9.87%

EPS CAGR

10Y-

5Y-

3Y-

TTM-59.82%

ROCE

10Y Avg-29.1%

5Y Avg-33.8%

3Y Avg-32.23%

Latest-44.99%

Peer Comparison

Processors & Microcontrollers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AMDAdvanced Micro Devices, Inc.	359.75B	220.97	220.97	13.69%	10.32%	5.44%	0.67%	0.04
LSCCLattice Semiconductor Corporation	11.8B	86.30	196.14	-30.9%	5.5%	3.86%	1.02%	0.02
NVDANVIDIA Corporation	4.52T	185.81	63.20	114.2%	53.01%	83.43%	1.35%	0.13
ICGIntchains Group Limited	57.43M	2.00	1.16	242.68%	6.51%	1.97%		0.00
PXLWPixelworks, Inc.	40.91M	6.50	-1.11	-27.6%	-73.56%	-90.71%		0.09
NANano Labs Ltd	69.28M	3.42	-2.05	-48.18%	-261.01%	-10.18%		0.85
WKEYWISeKey International Holding AG	71.31M	8.86	-3.34	-61.59%	-108.66%	-28.31%		0.10
LAESSEALSQ Corp	764.6M	4.31	-6.34	-63.47%	-141.28%	-42.3%		0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	59.52M	53.39M	80.64M	76.55M	68.75M	40.85M	55.1M	70.15M	59.68M	43.21M
Revenue Growth %	-0.02%	-0.1%	0.51%	-0.05%	-0.1%	-0.41%	0.35%	0.27%	-0.15%	-0.28%
Cost of Goods Sold+	30.22M	28.32M	38.87M	37.08M	34.26M	20.67M	27.41M	34.27M	33.97M	20.92M
COGS % of Revenue	0.51%	0.53%	0.48%	0.48%	0.5%	0.51%	0.5%	0.49%	0.57%	0.48%
Gross Profit+	29.29M	25.07M	41.76M	39.48M	34.49M	20.18M	27.69M	35.88M	25.71M	22.29M
Gross Margin %	0.49%	0.47%	0.52%	0.52%	0.5%	0.49%	0.5%	0.51%	0.43%	0.52%
Gross Profit Growth %	-0.08%	-0.14%	0.67%	-0.05%	-0.13%	-0.41%	0.37%	0.3%	-0.28%	-0.13%
Operating Expenses+	39.1M	32.81M	39.42M	42.83M	47.22M	46.92M	47.7M	52.7M	54.34M	53.64M
OpEx % of Revenue	0.66%	0.61%	0.49%	0.56%	0.69%	1.15%	0.87%	0.75%	0.91%	1.24%
Selling, General & Admin	14.45M	13.77M	17.82M	19.55M	20.89M	19.84M	0	0	23.47M	20.7M
SG&A % of Revenue	0.24%	0.26%	0.22%	0.26%	0.3%	0.49%	-	-	0.39%	0.48%
Research & Development	24.64M	19.04M	21.43M	22.88M	26.02M	25.04M	27.25M	30.52M	30.88M	31.34M
R&D % of Revenue	0.41%	0.36%	0.27%	0.3%	0.38%	0.61%	0.49%	0.44%	0.52%	0.73%
Other Operating Expenses	0	0	168K	0	312K	2.04M	20.45M	22.18M	0	1.61M
Operating Income+	-9.8M	-10.35M	-2.03M	-4.82M	-12.72M	-26.74M	-20M	-16.82M	-28.64M	-31.36M
Operating Margin %	-0.16%	-0.19%	-0.03%	-0.06%	-0.19%	-0.65%	-0.36%	-0.24%	-0.48%	-0.73%
Operating Income Growth %	-0.1%	-0.06%	0.8%	-1.37%	-1.64%	-1.1%	0.25%	0.16%	-0.7%	-0.1%
EBITDA+	-5.54M	-6.88M	2.21M	331K	-7.38M	-21.5M	-16.45M	-13.57M	-24.35M	-27.58M
EBITDA Margin %	-0.09%	-0.13%	0.03%	0%	-0.11%	-0.53%	-0.3%	-0.19%	-0.41%	-0.64%
EBITDA Growth %	-0.25%	-0.24%	1.32%	-0.85%	-23.31%	-1.91%	0.23%	0.17%	-0.79%	-0.13%
D&A (Non-Cash Add-back)	4.26M	3.47M	4.24M	5.15M	5.34M	5.23M	3.55M	3.24M	4.29M	3.78M
EBIT	-9.8M	-10.35M	-2.75M	-3.03M	-8.47M	-25.69M	-20M	-16.82M	-26.56M	-28.99M
Net Interest Income+	-446K	-406K	-1.25M	-142K	169K	-152K	211K	620K	1.93M	1.2M
Interest Income	0	0	141K	296K	327K	87K	211K	670K	1.95M	1.27M
Interest Expense	446K	406K	1.07M	438K	158K	239K	0	50K	25K	69K
Other Income/Expense	-446K	-406K	-1.65M	1.35M	4.5M	805K	457K	700K	2.05M	2.3M
Pretax Income+	-10.25M	-10.75M	-3.68M	-4.17M	-8.62M	-25.93M	-19.55M	-16.12M	-26.59M	-29.06M
Pretax Margin %	-0.17%	-0.2%	-0.05%	-0.05%	-0.13%	-0.63%	-0.35%	-0.23%	-0.45%	-0.67%
Income Tax+	320K	355K	493K	448K	453K	598K	-133K	-884K	357K	478K
Effective Tax Rate %	1.03%	1.03%	1.13%	1.11%	1.05%	1.02%	1.01%	0.99%	0.98%	0.99%
Net Income+	-10.57M	-11.11M	-4.17M	-4.62M	-9.08M	-26.53M	-19.82M	-16.03M	-26.18M	-28.72M
Net Margin %	-0.18%	-0.21%	-0.05%	-0.06%	-0.13%	-0.65%	-0.36%	-0.23%	-0.44%	-0.66%
Net Income Growth %	-0.06%	-0.05%	0.62%	-0.11%	-0.96%	-1.92%	0.25%	0.19%	-0.63%	-0.1%
Net Income (Continuing)	-10.57M	-11.11M	-4.17M	-3.91M	-9.08M	-26.53M	-19.41M	-15.23M	-26.94M	-29.54M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	30.91M	39.83M	52.47M	50.45M
EPS (Diluted)+	-0.42	-0.39	-0.13	-0.13	-0.24	-0.65	-4.56	-3.60	-0.47	-5.88
EPS Growth %	0.05%	0.07%	0.67%	0%	-0.85%	-1.71%	-6.02%	0.21%	0.87%	-11.51%
EPS (Basic)	-0.42	-0.39	-0.13	-0.13	-0.24	-0.65	-4.56	-3.60	-0.47	-5.88
Diluted Shares Outstanding	25.09M	28.28M	31.51M	35.96M	37.85M	40.71M	4.38M	4.53M	56.16M	4.87M
Basic Shares Outstanding	25.09M	28.28M	31.51M	35.96M	37.85M	40.71M	4.38M	4.53M	56.16M	4.87M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	36.49M	26.28M	36.34M	35.44M	32.24M	39.63M	74.5M	72.37M	64.72M	34.85M
Cash & Short-Term Investments	26.59M	19.62M	27.52M	24.01M	14.23M	31.51M	61.59M	56.82M	47.54M	23.65M
Cash Only	26.59M	19.62M	27.52M	17.94M	7.26M	31.26M	61.59M	56.82M	47.54M	23.65M
Short-Term Investments	0	0	0	6.07M	6.97M	250K	0	0	0	0
Accounts Receivable	5.99M	3.12M	4.64M	6.98M	10.91M	4.67M	8.71M	10.05M	10.07M	5.8M
Days Sales Outstanding	36.72	21.32	21	33.29	57.94	41.74	57.68	52.28	61.62	49.03
Inventory	3.27M	2.8M	2.85M	2.95M	5.4M	2.44M	1.47M	1.76M	3.97M	4.21M
Days Inventory Outstanding	39.44	36.12	26.72	29.08	57.54	43.17	19.56	18.75	42.64	73.45
Other Current Assets	644K	736K	1.33M	1.49M	0	0	2.73M	3.75M	3.14M	1.19M
Total Non-Current Assets+	7.35M	4.58M	31.21M	29.9M	32.42M	32.4M	32.1M	29.95M	31.24M	29.22M
Property, Plant & Equipment	6.54M	3.79M	5.61M	6.15M	10.04M	11.71M	10.45M	7.96M	10.72M	9.87M
Fixed Asset Turnover	9.10x	14.08x	14.39x	12.45x	6.85x	3.49x	5.28x	8.81x	5.57x	4.38x
Goodwill	0	0	18.41M	18.41M	18.41M	18.41M	18.41M	18.41M	18.41M	18.41M
Intangible Assets	0	0	5.86M	4.21M	2.7M	1.21M	90K	0	0	0
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	675K	672K	1.34M	1.13M	1.27M	1.08M	3.16M	3.58M	2.12M	945K
Total Assets+	43.84M	30.86M	67.54M	65.34M	64.66M	72.04M	106.6M	102.32M	95.97M	64.07M
Asset Turnover	1.36x	1.73x	1.19x	1.17x	1.06x	0.57x	0.52x	0.69x	0.62x	0.67x
Asset Growth %	0.28%	-0.3%	1.19%	-0.03%	-0.01%	0.11%	0.48%	-0.04%	-0.06%	-0.33%
Total Current Liabilities+	14.69M	9.73M	18.27M	17.2M	9.67M	10.59M	16.44M	12.51M	12.3M	8.35M
Accounts Payable	2.94M	1.73M	1.44M	2.12M	818K	995K	2.75M	3.14M	2.42M	1.4M
Days Payables Outstanding	35.55	22.35	13.48	20.83	8.71	17.57	36.58	33.48	25.96	24.43
Short-Term Debt	3M	0	0	0	0	3.32M	0	0	0	0
Deferred Revenue (Current)	1000K	0	418K	96K	146K	179K	50K	230K	0	0
Other Current Liabilities	2.36M	1.33M	3.12M	3.47M	1.95M	-1.28M	5.89M	3.6M	3.02M	2.61M
Current Ratio	2.48x	2.70x	1.99x	2.06x	3.33x	3.74x	4.53x	5.78x	5.26x	4.18x
Quick Ratio	2.26x	2.41x	1.83x	1.89x	2.77x	3.51x	4.44x	5.64x	4.94x	3.67x
Cash Conversion Cycle	40.61	35.09	34.24	41.54	106.77	67.34	40.66	37.55	78.3	98.06
Total Non-Current Liabilities+	2.77M	2.07M	9.84M	3.32M	7.45M	8.57M	19.04M	17.56M	18.66M	15.85M
Long-Term Debt	0	0	6.07M	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	4.21M	5.09M	2.85M	2.15M	2.57M	1.45M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	2.77M	2.07M	3.77M	3.32M	3.24M	3.49M	16.18M	15.41M	16.09M	14.4M
Total Liabilities	17.47M	11.81M	28.11M	20.52M	17.13M	19.17M	35.47M	30.07M	30.96M	24.19M
Total Debt+	3M	0	6.07M	1.76M	5.76M	10.45M	5.29M	3.54M	4.95M	3.49M
Net Debt	-23.59M	-19.62M	-21.45M	-16.19M	-1.5M	-20.81M	-56.3M	-53.28M	-42.6M	-20.16M
Debt / Equity	0.11x	-	0.15x	0.04x	0.12x	0.20x	0.07x	0.05x	0.08x	0.09x
Debt / EBITDA	-	-	2.75x	5.31x	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-9.71x	-48.91x	-	-	-	-	-	-
Interest Coverage	-21.98x	-25.48x	-1.89x	-11.00x	-80.54x	-111.87x	-	-336.34x	-1145.44x	-454.45x
Total Equity+	26.38M	19.05M	39.44M	44.82M	47.53M	52.87M	71.13M	72.25M	65.01M	39.88M
Equity Growth %	0.68%	-0.28%	1.07%	0.14%	0.06%	0.11%	0.35%	0.02%	-0.1%	-0.39%
Book Value per Share	1.05	0.67	1.25	1.25	1.26	1.30	16.25	15.96	1.16	8.19
Total Shareholders' Equity	26.38M	19.05M	39.44M	44.82M	47.53M	52.87M	40.22M	32.42M	12.54M	-10.57M
Common Stock	390.52M	394.3M	418.89M	428.9M	436.12M	467.96M	475.64M	481.23M	486.32M	490.62M
Retained Earnings	-364.15M	-375.26M	-379.47M	-384.1M	-388.61M	-415.13M	-434.95M	-450.99M	-477.16M	-505.88M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	6K	10K	20K	15K	12K	47K	-468K	2.18M	3.38M	4.69M
Minority Interest	0	0	0	0	0	0	30.91M	39.83M	52.47M	50.45M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-3.85M	-1.53M	12.2M	955K	-10.38M	-3.71M	-9.16M	-12.83M	-18.81M	-19.81M
Operating CF Margin %	-0.06%	-0.03%	0.15%	0.01%	-0.15%	-0.09%	-0.17%	-0.18%	-0.32%	-0.46%
Operating CF Growth %	-3.28%	0.6%	8.95%	-0.92%	-11.87%	0.64%	-1.47%	-0.4%	-0.47%	-0.05%
Net Income	-10.57M	-11.11M	-4.17M	-4.62M	-9.08M	-26.53M	-19.41M	-15.23M	-26.18M	-28.72M
Depreciation & Amortization	4.26M	3.47M	4.24M	5.15M	5.34M	5.23M	4.77M	4.75M	4.29M	3.78M
Stock-Based Compensation	3.92M	2.66M	4.24M	5.68M	6.65M	7.85M	6.08M	5.2M	4.8M	0
Deferred Taxes	-300K	-148K	-187K	-81K	-79K	-62K	-770K	-1.74M	299K	101K
Other Non-Cash Items	53K	1.79M	2.95M	-761K	-3.99M	-795K	10K	8K	-767K	3.06M
Working Capital Changes	-1.21M	1.8M	5.13M	-4.42M	-9.22M	10.59M	165K	-5.81M	-1.25M	1.97M
Change in Receivables	-1.34M	2.87M	-554K	-2.34M	-3.93M	6.24M	-4.04M	-1.34M	-28K	4.27M
Change in Inventory	-368K	179K	1.38M	-531K	-2.46M	2.96M	976K	-291K	-2.21M	-242K
Change in Payables	-210K	-1.21M	-2.06M	675K	-1.3M	166K	1.28M	486K	-727K	-1.02M
Cash from Investing+	-3.07M	-2.14M	-583K	-8.12M	-51K	3.94M	-3.23M	-3.01M	-3.99M	-3.12M
Capital Expenditures	-3.07M	-2.14M	-2.48M	-2.1M	-3.15M	-2.64M	-3.48M	-3.01M	-3.83M	-3.76M
CapEx % of Revenue	0.05%	0.04%	0.03%	0.03%	0.05%	0.06%	0.06%	0.04%	0.06%	0.09%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-55K	0	0	-6.03M	3.38M	-152K	0	-10.74M	-156K	641K
Cash from Financing+	15.58M	-3.29M	-3.71M	-2.41M	-256K	23.77M	42.71M	11.07M	13.53M	-971K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-777K	-290K	-1.67M	-1.87M	-826K	-407K	42.39M	10.74M	14.6M	157K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-6.91M	-3.68M	9.71M	-1.14M	-13.53M	-6.5M	-12.63M	-15.84M	-22.65M	-23.57M
FCF Margin %	-0.12%	-0.07%	0.12%	-0.01%	-0.2%	-0.16%	-0.23%	-0.23%	-0.38%	-0.55%
FCF Growth %	-4.89%	0.47%	3.64%	-1.12%	-10.86%	0.52%	-0.94%	-0.25%	-0.43%	-0.04%
FCF per Share	-0.28	-0.13	0.31	-0.03	-0.36	-0.16	-2.89	-3.50	-0.40	-4.84
FCF Conversion (FCF/Net Income)	0.36x	0.14x	-2.92x	-0.21x	1.14x	0.14x	0.46x	0.80x	0.72x	0.69x
Interest Paid	104K	139K	418K	501K	142K	217K	162K	196K	161K	0
Taxes Paid	366K	437K	160K	657K	547K	397K	376K	188K	315K	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-50.26%	-48.9%	-14.27%	-10.97%	-19.66%	-52.85%	-31.97%	-22.36%	-38.14%	-54.76%
Return on Invested Capital (ROIC)	-415.07%	-701.58%	-17.52%	-15.51%	-25.56%	-51.35%	-63.98%	-74.63%	-103.79%	-111.64%
Gross Margin	49.22%	46.95%	51.79%	51.57%	50.17%	49.41%	50.26%	51.15%	43.08%	51.58%
Net Margin	-17.76%	-20.8%	-5.17%	-6.04%	-13.2%	-64.93%	-35.97%	-22.85%	-43.86%	-66.47%
Debt / Equity	0.11x	-	0.15x	0.04x	0.12x	0.20x	0.07x	0.05x	0.08x	0.09x
Interest Coverage	-21.98x	-25.48x	-1.89x	-11.00x	-80.54x	-111.87x	-	-336.34x	-1145.44x	-454.45x
FCF Conversion	0.36x	0.14x	-2.92x	-0.21x	1.14x	0.14x	0.46x	0.80x	0.72x	0.69x
Revenue Growth	-2.31%	-10.29%	51.03%	-5.06%	-10.19%	-40.58%	34.87%	27.3%	-14.92%	-27.6%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Integrated Circuits	-	-	-	74.25M	66.25M	39.2M	50.81M	68.17M	58.6M	42.29M
Integrated Circuits Growth	-	-	-	-	-10.77%	-40.82%	29.59%	34.17%	-14.03%	-27.83%
Engineering Services And Other	-	-	-	2.31M	2.5M	1.65M	4.29M	1.98M	1.07M	915K
Engineering Services And Other Growth	-	-	-	-	8.58%	-34.13%	160.30%	-53.95%	-45.70%	-14.80%

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
JAPAN	50.44M	44.19M	66.04M	67.33M	53.63M	26.55M	27M	37.67M	24.08M	25.82M
JAPAN Growth	-	-12.39%	49.46%	1.95%	-20.35%	-50.48%	1.68%	39.53%	-36.08%	7.22%
CHINA	765K	1.62M	2.12M	5.08M	10.21M	8.94M	23.98M	25.57M	33.62M	15.94M
CHINA Growth	-	111.24%	31.00%	139.91%	101.08%	-12.51%	168.35%	6.64%	31.50%	-52.60%
TAIWAN	-	-	-	-	-	-	-	-	1.81M	729K
TAIWAN Growth	-	-	-	-	-	-	-	-	-	-59.79%
UNITED STATES	167K	84K	1.7M	1.81M	3.1M	3.06M	1.62M	3.44M	157K	719K
UNITED STATES Growth	-	-49.70%	1920.24%	6.95%	71.07%	-1.55%	-46.88%	111.95%	-95.44%	357.96%
TAIWAN, PROVINCE OF CHINA	5.91M	5.09M	6.84M	1.62M	1.6M	1.67M	2.14M	3.03M	-	-
TAIWAN, PROVINCE OF CHINA Growth	-	-13.78%	34.27%	-76.33%	-1.36%	4.45%	28.42%	41.55%	-	-
KOREA, REPUBLIC OF	942K	963K	987K	427K	108K	308K	116K	277K	-	-
KOREA, REPUBLIC OF Growth	-	2.23%	2.49%	-56.74%	-74.71%	185.19%	-62.34%	138.79%	-	-
Europe	611K	634K	2.17M	284K	104K	333K	242K	150K	-	-
Europe Growth	-	3.76%	241.64%	-86.89%	-63.38%	220.19%	-27.33%	-38.02%	-	-
Geographical Region Other	687K	812K	788K	-	-	-	-	-	-	-
Geographical Region Other Growth	-	18.20%	-2.96%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Pixelworks, Inc. (PXLW) reported $33.2M in revenue for fiscal year 2024. This represents a 49% decrease from $64.6M in 2011.

Pixelworks, Inc. (PXLW) saw revenue decline by 27.6% over the past year.

Pixelworks, Inc. (PXLW) reported a net loss of $24.4M for fiscal year 2024.

Dividend & Returns

Pixelworks, Inc. (PXLW) has a return on equity (ROE) of -54.8%. Negative ROE indicates the company is unprofitable.

Pixelworks, Inc. (PXLW) had negative free cash flow of $17.2M in fiscal year 2024, likely due to heavy capital investments.