Pixelworks Reports Fourth Quarter and Fiscal Year 2018 Financial Results

 

 
PIXELWORKS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)
 
  December 31,
2018
  December 31,
2017
ASSETS   
Current assets:   
Cash and cash equivalents$17,944 $27,523
Short-term marketable securities 6,069  
Accounts receivable, net 6,982  4,640
Inventories 2,954  2,846
Prepaid expenses and other current assets 1,494  1,328
Total current assets 35,443  36,337
Property and equipment, net 6,151  5,605
Other assets, net 1,132  1,338
Acquired intangible assets, net 4,208  5,856
Goodwill 18,407  18,407
Total assets$65,341 $67,543
LIABILITIES AND SHAREHOLDERS’ EQUITY   
Current liabilities:   
Accounts payable$2,116 $1,436
Accrued liabilities and current portion of long-term liabilities 14,823  16,387
Current portion of income taxes payable 263  445
Total current liabilities 17,202  18,268
Long-term liabilities, net of current portion 1,017  1,487
Convertible debt   6,069
Income taxes payable, net of current portion 2,299  2,282
Total liabilities 20,518  28,106
Shareholders’ equity 44,823  39,437
Total liabilities and shareholders’ equity$65,341 $67,543
      

 

Contacts:

Investor Contact
Shelton Group
Brett Perry
P: +1-214-272-0070
E: bperry@sheltongroup.com

Company Contact
Pixelworks, Inc.
Steven Moore
P: +1-408-200-9221
E: smoore@pixelworks.com

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