Pixelworks Reports First Quarter 2024 Financial Results

 

PIXELWORKS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)


March 31,
2024

December 31,
2023

ASSETS



Current assets:



Cash and cash equivalents

$                  46,193

$                  47,544

Accounts receivable, net

7,350

10,075

Inventories

3,357

3,968

Prepaid expenses and other current assets

2,104

3,138

Total current assets

59,004

64,725

Property and equipment, net

7,656

5,997

Operating lease right of use assets

4,929

4,725

Other assets, net

1,813

2,115

Goodwill

18,407

18,407

Total assets

$                  91,809

$                  95,969

LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND SHAREHOLDERS' EQUITY



Current liabilities:



Accounts payable

$                    3,821

$                    2,416

Accrued liabilities and current portion of long-term liabilities

8,347

9,692

Current portion of income taxes payable

182

189

Total current liabilities

12,350

12,297

Long-term liabilities, net of current portion

970

1,373

Deposit liability

13,683

13,781

Operating lease liabilities, net of current portion

2,777

2,567

Income taxes payable, net of current portion

981

939

Total liabilities

30,761

30,957

Redeemable non-controlling interest

27,692

28,214

Total Pixelworks, Inc. shareholders' equity

9,450

12,541

Non-controlling interest

23,906

24,257

Total shareholders' equity

33,356

36,798

Total liabilities, redeemable non-controlling interest and shareholders' equity

$                  91,809

$                  95,969

 

(PRNewsfoto/Pixelworks, Inc.)

 

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/pixelworks-reports-first-quarter-2024-financial-results-302145375.html

SOURCE Pixelworks, Inc.

Contact:
Company Name: Pixelworks, Inc.
Contacts: Investor Contact, Shelton Group, Brett L Perry, P: +1-214-272-0070, E: Email Contact Company Contact, Pixelworks, Inc., Haley Aman, P: +1-503-601-4540, E: Email Contact
Financial data for Pixelworks, Inc.


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