Pixelworks Reports Fourth Quarter and Full Year 2019 Financial Results


PIXELWORKS, INC.
RECONCILIATION OF GAAP AND NON-GAAP FINANCIAL INFORMATION *
(In thousands)
(Unaudited)
 
   Three Months Ended  Twelve Months Ended
   December 31,  September 30,  December 31,  December 31,  December 31,
    2019    2019    2018    2019    2018 
Reconciliation of GAAP net loss and adjusted EBITDA          
GAAP net loss $(4,456) $(2,306) $(1,469) $(9,077) $(3,913)
Stock-based compensation  1,797   1,498   1,638   6,649   5,683 
Amortization of acquired intangible assets  374   374     399       1,504       1,596  
Tax effect of non-GAAP adjustments     (49 )     (84 )     237              
Restructuring                 429       398       1,464  
Inventory step-up and backlog amortization                 17       12       475  
Gain on sale of patents                       (3,905 )      
Gain on debt extinguishment                             (1,272 )
Discount accretion on convertible debt fair value                             69  
Deferred revenue fair value adjustment                             52  
Non-GAAP net income (loss)   $ (2,334 )   $ (518 )   $ 1,251     $ (4,419 )   $ 4,154  
EBITDA adjustments:                    
Depreciation and amortization   $ 1,013     $ 1,024     $ 873     $ 3,837     $ 3,555  
Non-GAAP interest income and other, net     (324 )     (70 )     (90 )     (594 )     (152 )
Non-GAAP provision (benefit) for income taxes     (69 )     16       (185 )     453       448  
Adjusted EBITDA   $ (1,714 )   $ 452     $ 1,849     $ (723 )   $ 8,005  
                     
*Set forth above are reconciliations of the non-GAAP financial measure to the most directly comparable GAAP financial measure. The non-GAAP financial measure disclosed by the company has limitations and should not be considered a substitute for, or superior to, the financial measure prepared in accordance with GAAP, and the reconciliations from GAAP to Non-GAAP actuals should be carefully evaluated. Please refer to "Non-GAAP Financial Measures” in this document for an explanation of the adjustments made to the comparable GAAP measures, the ways management uses the non-GAAP measures, and the reasons why management believes the non-GAAP measures provide useful information for investors.
                     



« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »



Review Article Be the first to review this article
Featured Video
Editorial
Roberto FrazzoliEDACafe Editorial
by Roberto Frazzoli
Discovering Cadence Integrity 3D-IC platform
More Editorial  
Latest Blog Posts
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
Breker’s Maheen Hamid Appointed to SEMI ESD Alliance Governing Council
Vincent ThibautArteris IP Blog
by Vincent Thibaut
Why Automate Traceability?
Jobs
Pre-silicon Design Verification Engineer for Intel at Santa Clara, California
Staff SerDes Applications Design Engineer for Xilinx at San Jose, California
CSM Design Verification Lead for Apple Inc at Cupertino, California
Technical Product Manager- SISW-EDA 238452 for Siemens AG at Fremont, California
Upcoming Events
DVCon Europe 2021 at Germany - Oct 26 - 27, 2021
SemIsrael Expo 2021 - November 9, 2021 at Avenue Convention Center, Israel Haifa Israel - Nov 9, 2021
Semicon West Hybrid 2021 at Moscone North and South San Francisco, CA - Dec 7 - 9, 2021
67th Annual IEEE International Electron Devices Meeting at Hilton San Francisco Union Square hotel San Francisco - Dec 11 - 15, 2021



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise