Pixelworks Inc. announced its FY16 Q4 results with net sales of $16 mn and net income of $0.34 mn, resulting in a net margin of around 2%. The sales were higher by 19% as compared to FY15 Q4, which also had a net loss of $3.2 mn.
The increase in net sales was primarily driven by healthy demand for the company’s chips sold into digital projection market as order patterns continued to normalize from the previous supply channel disruption. The management was also pleased at having achieving profitability in this quarter, the first time in the last 3 years.
