Q1 2025 Pixelworks Inc Earnings Call

In This Article:

Participants

Brett Perry; Investor Relations; Shelton Group

Todd DeBonis; President, Chief Executive Officer, Director; Pixelworks Inc

Haley Green; Chief Financial Officer; Pixelworks Inc

Suji Desilva; Managing Director, Senior Research Analyst; Roth Capital Partners LLC

Richard Shannon; Analyst; Craig Hallum

Nicolas Doyle Doyle; Analyst; Needham & Company Inc.

Presentation

Operator

Good day ladies and gentlemen and welcome to the Pixelworks, Inc's first-quarter 2025 earnings conference call. I will be your operator for today's call. (Operator Instructions) As a reminder, this conference call is being recorded for replay purposes. I would like to turn the call over to Brett Perry with Shelton Group Investor Relations. Please go ahead.

Brett Perry

Thank you, Kevin. Good afternoon and thank you for joining today's call. With me on the call are Pixelworks President and CEO, Todd DeBonis; and Chief Financial Officer, Haley Aman. The purpose of today's conference call is to supplement the information provided in Pixelworks' press release issued earlier today announcing the Company's financial results for the first quarter of 2025. Before we begin, I'd like to remind you that various remarks we make on this call, including those about projected future financial results, economic and market trends, and our competitive position, constitute forward-looking statements.
These forward-looking statements and all other statements made on this call that are not historical facts are subject to a number of risks and uncertainties that may cause actual results to differ materially. All forward-looking statements are based on the company's beliefs as of today, Tuesday, May 13, 2025. The company undertakes no obligation to update any such statements to reflect events or circumstances occurring after today. Please refer to today's press release, the company's Annual report on Form 10K for the year ended December 31, 2024, and subsequent SEC filings for a description of factors that could cause forward-looking statements to differ materially from actual results. Additionally, the company's press release and management statements during this conference call will include discussions of certain measures and financial information in GAAP and non-GAAP terms, including gross margin, operating expense, net loss and net loss per share.
Non-GAAP measures exclude restructuring costs and stock-based compensation expense. The company uses these non-GAAP measures internally to assess its operating performance. We believe the non-GAAP measures provide a meaningful perspective on core operating results and underlying cash flow dynamics. We caution investors to consider these measures in addition to and not as a substitute [for nor] superior to the company's consolidated financial results as presented in accordance with US-GAAP. Also note, throughout the company's press release and management statements during this conference, we'll refer to net loss attributable to Pixelworks, Inc as simply net loss.
For additional details and a reconciliation of GAAP to non-GAAP net loss and GAAP net loss to adjusted EBITDA, please refer to the company's press release issued earlier today. With that, it's now my pleasure to turn the call over to Pixelworks' CEO Todd. Please go ahead.