Pixelworks Result 27/10/16

Pixelworks Inc. saw Q3 net losses of $1.24 million, the same as in Q3 last year, on turnover which fell to $13.7 million from $16.6 million. For the nine months there were losses of $11.4 million, up from $7.4 million, on revenue of $37.4 million, which compares with $46.0 million. The company said that it was seeing improvement. Projector business is stabilising following channel disruptions earlier in the year and smartphone and tablet customers are now sampling the 3rd generation Iris processor.