*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.
| ||||||||||||
|
|
| Three Months Ended | ||||||||||
|
|
| March 31, |
| December 31, |
| March 31, | ||||||
|
|
| 2022 |
| 2021 |
| 2021 | ||||||
|
|
| Dollars per share |
| Dollars per share |
| Dollars per share | ||||||
|
|
| Basic |
| Diluted |
| Basic |
| Diluted |
| Basic |
| Diluted |
Reconciliation of GAAP and non-GAAP net loss attributable to Pixelworks, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
GAAP net loss attributable to Pixelworks Inc. |
| $ (0.09) |
| $ (0.09) |
| $ (0.06) |
| $ (0.06) |
| $ (0.16) |
| $ (0.16) |
Reconciling items included in gross profit |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.01 |
| 0.01 |
Reconciling items included in operating expenses |
| 0.02 |
| 0.02 |
| 0.03 |
| 0.03 |
| 0.03 |
| 0.03 |
Non-GAAP net loss attributable to Pixelworks Inc. |
| $ (0.06) |
| $ (0.06) |
| $ (0.03) |
| $ (0.03) |
| $ (0.12) |
| $ (0.12) |
*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.
| ||||||
|
|
| Three Months Ended | ||||
|
|
| March 31, |
| December 31, |
| March 31, |
|
|
| 2022 |
| 2021 |
| 2021 |
| Reconciliation of GAAP and non-GAAP gross profit margin |
|
|
|
|
|
|
| GAAP gross profit margin |
| 52.7 % |
| 53.5 % |
| 40.2 % |
| Amortization of acquired intangible assets |
| 0.4 % |
| 1.3 % |
| 2.6 % |
| Stock-based compensation |
| 0.0 % |
| 0.2 % |
| 0.9 % |
| Total reconciling items included in gross profit |
| 0.5 % |
| 1.5 % |
| 3.5 % |
| Non-GAAP gross profit margin |
| 53.2 % |
| 55.0 % |
| 43.7 % |
