Pixelworks announced FY17 Q2 results with revenue of $20.7 million including $5.1 million related to End of Life (EOL) products and adjusted EBITDA of $4.7 million, resulting in an EBITDA margin of 20%. Excluding the EOL share, the revenue increased by 35% on a yearly basis. The GAAP Net Income was $1.3 million, as compared to the net loss of $1.6 million a year ago.
The FY17 Q2 results reflect continued growth in the company’s core business of digital projection supported by market share gains in the projector business as well as modestly higher mobile revenue. For FY17 Q3, the company projects revenue to be $18.0-$19.0 million, including approximately $2.0 million contribution from ViXS, the recently announced acquisition by Pixelworks.
