Technology

Pixelworks Reports Second Quarter 2026 Financial Results

Published

3 months ago

August 11, 2026

PORTLAND, Ore., Aug. 11, 2026 /PRNewswire/ — Pixelworks, Inc. (NASDAQ: PXLW) (“Pixelworks” or the “Company”), a provider of innovative cinematic and enhanced visualization solutions, today announced financial results for the second quarter ended June 30, 2026.

Second Quarter 2026 and Recent Highlights

Secured Kinepolis Group’s endorsement and preferred exhibition of TrueCut Motion-enhanced versions of theatrical titles on Kinepolis’ Laser Ultra large format screens across Europe and North AmericaAnnounced partnership with China Film CINITY Co., Ltd., expanding the TrueCut Motion ecosystem and prioritizing advanced TrueCut Motion grading technology in CINITY’s premium large format theatersRepurchased $3.2 million of shares of common stock under the Company’s stock repurchase programEnded the second quarter with cash and cash equivalents of approximately $53 million

“Having completed Pixelworks’ transformation into a pure-play technology licensing company earlier in the year, we are fully focused on building and scaling a global licensing business around our TrueCut Motion and visualization solutions,” stated Todd DeBonis, Chairman and CEO of Pixelworks. “During the second quarter, we continued to expand the TrueCut Motion ecosystem through newly announced partnerships with both CINITY and Kinepolis Group. These additional endorsements of TrueCut Motion-enhanced content strengthen our growing network of leading exhibitors committed to bringing TrueCut Motion to premium large format screens across key international markets.

“To-date, we have made significant headway on expanding our network of premium exhibitors, and we remain on track to grow the slate of TrueCut Motion-enhanced content with work currently underway on multiple titles for release in the coming quarters. We are well capitalized and expect to demonstrate further momentum in the second half of the year as we execute on our strategic growth objectives as a global technology licensing company.”

Conference Call Information

Pixelworks will host a conference call today, August 11, 2026, at 2:00 p.m. Pacific Time. Analysts and investors are invited to join the Company’s conference call using the following information:

Second Quarter 2026 Conference Call
Date: Tuesday, August 11, 2026
Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)
Live Webcast Link: Click Here
Dial-in Participation Registration Link: Click Here

Advanced registration is required for dial-in participants. Please complete the linked registration form above to receive a dial-in number and dedicated PIN for accessing the conference call by phone. A live and archived audio webcast of the conference call will also be accessible via the investors section of Pixelworks’ website: www.pixelworks.com.

Pixelworks, Inc.

Pixelworks (NASDAQ: PXLW) is a technology licensing company specializing in cinematic visualization solutions, including industry-leading content creation, delivery and display processing solutions that enable highly authentic viewing experiences with superior visual quality. Pixelworks has more than 20 years of delivering image processing innovation to leading providers of consumer electronics, professional displays and video streaming services.

About TrueCut Motion

TrueCut Motion is a powerful video platform from Pixelworks that provides filmmakers with a new palette for motion. It enables shot-by-shot motion grading, allowing creators to manage judder, motion blur, and frame rates to achieve a consistent, cinematic look across all screens. For more information on TrueCut Motion, visit: www.truecutmotion.com.

Note: Pixelworks, the Pixelworks logo, Truecut Motion and Truecut are trademarks of Pixelworks, Inc.

Note Regarding Financial Statements

As previously announced, on January 6, 2026, the Company completed the transaction to sell its shares in Pixelworks Semiconductor Technology (Shanghai) Co., Ltd., a subsidiary of Pixelworks (“Pixelworks Shanghai”), to a special purpose entity led by VeriSilicon Microelectronics (Shanghai). The contribution from the Pixelworks Shanghai semiconductor subsidiary to the operating results of the Company for the three and six months ended June 30, 2026 was determined to be immaterial. Therefore, the Company’s reported financial results contained in today’s press release do not include discontinued operations activity from the first several days of January 2026 before the sale closed.

Safe Harbor Statement

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may be identified by use of terms such as “begin,” “continue,” “will,” “expect”, “believe,” “anticipate” and similar terms or the negative of such terms, and include, without limitation, statements regarding the expansion and adoption of TrueCut Motion technology and the Company’s strategy to grow as a global technology licensing business. All statements other than statements of historical fact are forward-looking statements for purposes of this release. Such statements are based on management’s current expectations, estimates and projections about the Company’s business. These statements are not guarantees of future performance and involve numerous risks, uncertainties and assumptions that are difficult to predict. Actual results could vary materially from those contained in forward looking statements due to many factors, including, without limitation, market and other conditions and other factors described in our other filings with the Securities and Exchange Commission (the “SEC”) from time to time. More information regarding potential factors that could affect the Company’s financial results and could cause actual results to differ materially from those discussed in the forward-looking statements is included from time to time in the Company’s Securities and Exchange Commission filings, including its Annual Report on Form 10-K for the year ended December 31, 2025, as well as subsequent SEC filings.

The forward-looking statements contained in this release are as of the date of this release, and the Company does not undertake any obligation to update any such statements, whether as a result of new information, future events or otherwise.

[Financial Tables Follow]

PIXELWORKS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share data)

(Unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Revenue, net

$ 64

$ 159

$ 510

$ 159

Cost of revenue

218

Gross profit

113

292

106

Operating expenses:

Research and development (1)

1,195

896

2,160

1,866

Selling, general and administrative (2)

2,114

1,728

4,317

3,842

Restructuring

—

2,089

—

Total operating expenses

3,403

2,624

8,566

5,708

Loss from operations

(3,364)

(2,511)

(8,274)

(5,602)

Interest income and other

578

897

Loss before income taxes

(2,786)

(2,484)

(7,377)

(5,538)

Provision (benefit) for income taxes

(12)

(143)

Net loss from continuing operations

(2,796)

(2,580)

(7,365)

(5,395)

Net income (loss) from discontinued operations,
net of income taxes

—

(4,345)

85,153

(9,550)

Net income (loss)

(2,796)

(6,925)

77,788

(14,945)

Less: Net loss attributable to redeemable non-
controlling interest and non-controlling interest

—

218

—

477

Net income (loss) attributable to Pixelworks, Inc.

$ (2,796)

$ (6,707)

$ 77,788

$ (14,468)

Net loss from continuing operations per share – basic and
diluted

$ (0.44)

$ (0.49)

$ (1.16)

$ (1.04)

Net income (loss) from discontinued operations per
share:

Basic

$ —

$ (0.82)

$ 13.47

$ (1.85)

Diluted

$ —

$ (0.82)

$ 13.22

$ (1.85)

Net income (loss) attributable to Pixelworks, Inc. per share:

Basic

$ (0.44)

$ (1.27)

$ 12.30

$ (2.80)

Diluted

$ (0.44)

$ (1.27)

$ 12.07

$ (2.80)

Weighted average shares outstanding:

Basic

6,294

5,282

6,323

5,166

Diluted

6,294

5,282

6,443

5,166

(1) Includes stock-based compensation

180

119

213

243

(2) Includes stock-based compensation

562

375

884

673

PIXELWORKS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)

June 30,
2026

December 31,
2025

ASSETS

Current assets:

Cash and cash equivalents

$ 52,888

$ 11,243

Prepaid expenses and other current assets

525

568

Current assets held for sale

—

38,422

Total current assets

53,413

50,233

Property and equipment, net

215

205

Operating lease right-of-use assets

430

704

Other assets, net

121

Total assets

$ 54,109

$ 51,263

LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST
AND SHAREHOLDERS’ EQUITY

Current liabilities:

Accounts payable

$ 519

$ —

Accrued liabilities and current portion of long-term liabilities

957

1,972

Current portion of income taxes payable

Current liabilities held for sale

—

18,005

Total current liabilities

1,502

20,020

Operating lease liabilities, net of current portion

165

298

Income taxes payable, net of current portion

461

508

Deferred tax liability

—

Total liabilities

2,128

20,857

Commitments and contingencies

Redeemable non-controlling interest

—

28,600

Shareholders’ equity:

Preferred stock

—

Common stock

505,507

504,405

Treasury stock, at cost

(3,192)

—

Accumulated other comprehensive income

257

2,882

Accumulated deficit

(450,591)

(528,379)

Total Pixelworks, Inc. shareholders’ equity (deficit)

51,981

(21,092)

Non-controlling interest

—

22,898

Total shareholders’ equity

51,981

1,806

Total liabilities, redeemable non-controlling interest and shareholders’ equity

$ 54,109

$ 51,263

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SOURCE Pixelworks, Inc.

Technology

Creality Debuts mBox, A Kid-Operated AI 3D Printer, at $329

Published

55 minutes ago

November 10, 2026

HOUSTON, Nov. 9, 2026 /PRNewswire/ — Creality, a global leader in the 3D printing industry, today introduces mBox, an AI 3D printer designed specifically for kids. Featuring a 153 × 153 × 153 mm build volume, the kid-operated printer brings together kid-safe designs, simple printing operations, and accessible creative tools to help young makers turn their ideas into physical creations. Priced at $329, mBox is now available exclusively on TikTok Shop in the U.S. from November 9 to December 10.

Who is mBox Built for

mBox is built for families with children aged 6–16 who enjoy drawing, block building, model making, DIY projects or exploring technologies. It is particularly designed for young creators who want to go beyond just buying ready-made toys and instead turn their own imagination into tangible and personalized creations, whether through independent projects at home or hands-on activities in the company of parents. mBox is also ideal for STEAM learning spaces where educators seek to integrate safe and simple 3D printers into everyday classroom subjects, like science experiments, engineering design, and creative arts.

Designed with Child Safety in Mind

Developed specially for kids, mBox prioritizes safety in its product engineering. Its fully enclosed chamber keeps the nozzle and moving components behind an enclosure while children watch their creations take shape. During printing, the unheated build plate eliminates the need to handle a heated bed when removing finished prints, while activated carbon filtration helps filter impurities from the chamber air.

Notably, a configurable door-open alert offers three response options: no action, alert only, or alert and pause. When the alert-and-pause is set and triggered, printing stops and parents receive an app notification.

Together, these thoughtful design features help create a safe and friendly space for printing and creating, ensuring parents feel more at ease as children build 3D models on their own.

Easy to Use, Easy to Create

mBox focuses on simplified operations to make 3D printing easier for kids to get started with.

With the 3.97-inch full-color touchscreen, kids can pick a model and start printing in just a few clicks without connecting to a phone. Before printing, auto leveling simplifies print preparation and helps improve first-layer adhesion, reducing the need for parents’ manual adjustments. During printing, the CoreXY motion system with vibration compensation supports stable printing and cleaner surface details, while AI detection uses the built-in camera to identify issues like warping, foreign objects, and spaghetti failures, and then alerts are sent to parents through the app.

In addition, there is RGB status lighting to show print progress and a low-noise mode which keeps operating noise at or under 46 dB.

A Magic Box That Sparks Creativity

Beyond the printer itself, mBox bridges kids with dedicated software, Creality Park App and Creality Park Studio. The Creality Park App is a 3D playground showcasing curated models and STEAM courses in a fun way and offering pick & print experience for younger users. For those ready to take their ideas further, the Creality Park Studio, a PC-based platform, offers approachable 3D modeling tools to help design original creations.

The ecosystem also incorporates AI tools CubeMe and SnapForm, enabling kids to turn photos into personalized, printable figurines, keychains, and accessories.

From a simple idea to a piece of creation, mBox aims to spark imagination and encourage hands-on making, helping young creators turn inspiration into something they can hold in hands.

Availability & Pricing

mBox is now available exclusively on the U.S. TikTok Shop at the price of $329 from November 9 to December 10.

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SOURCE Creality

Technology

Cloud Software Group Announces Final Results of Offer to Purchase for Cash up to $2.0 Billion Aggregate Principal Amount of its 9.00% Senior Secured Second Lien Notes due 2029

Published

55 minutes ago

November 10, 2026

FORT LAUDERDALE, Fla., Nov. 9, 2026 /PRNewswire/ — Cloud Software Group Holdings, Inc. (“Cloud Software Group” or the “Company”) today announced the expiration and final results of its previously announced cash tender offer (the “Offer”) to purchase its 9.00% Senior Secured Second Lien Notes due 2029 (the “Notes”) for the Consideration (as defined below), subject to a $2,000,000,000 cap on the aggregate principal amount of Notes purchased in the Offer (the “Tender Cap”), subject to proration and the terms and conditions set forth in the Offer to Purchase dated November 2, 2026 (as it may be amended or supplemented from time to time, the “Offer to Purchase”). Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase.

The Offer expired at 5:00 p.m., New York City time, on November 9, 2026 (such time and date, the “Expiration Date”). Withdrawal rights for the Offer expired at the Expiration Date, and accordingly, Notes validly tendered in the Offer may no longer be withdrawn except where additional withdrawal rights are required by law.

At the Expiration Date, according to information provided by Global Bondholder Services Corporation, the tender and information agent for the Offer (the “Tender and Information Agent”), the aggregate principal amount of Notes validly tendered and not validly withdrawn pursuant to the Offer and the aggregate principal amount of Notes accepted for purchase, are set forth in the table below.

Notes

CUSIP No. /
ISIN(1)

Aggregate
Principal
Amount
Outstanding
Prior to the
Offer

Consideration(2)

Aggregate
Principal
Amount
Tendered

Aggregate
Principal
Amount
Accepted(3)

Proration
Factor(3)

9.00% Senior
Secured
Second Lien
Notes due 2029

144A: 18912U AA0 /
US18912UAA07

Reg S: U18898 AA1 /
USU18898AA16

IAI: 18912U AB8 /
US18912UAB89

$3,733,172,000

$1,022.50

$2,710,839,000

$2,000,011,000

73.8 %

____________________

(1)

No representation is made as to the correctness or accuracy of the CUSIP numbers or ISINs listed herein or printed on the Notes. Such information is provided solely for the convenience of the Holders.

(2)

The consideration (the “Consideration”) represents the amount payable per $1,000 principal amount of Notes validly tendered and accepted for purchase by the Company. The Consideration excludes accrued and unpaid interest (“Accrued Interest”) on such Notes from and including the immediately preceding interest payment date for such Notes to, but excluding, November 16, 2026 (the “Settlement Date”), which will be paid in addition to the Consideration. Accrued Interest will cease to accrue on the Settlement Date for all Notes accepted in the Offer. Under no circumstances will any interest be payable because of any delay in the transmission of funds to Holders by The Depository Trust Company or its participants.

(3)

Notes validly tendered are subject to proration so that the Company accepts for purchase Notes in an aggregate principal amount up to the Tender Cap. The proration factor has been rounded to the nearest tenth of a percentage point for presentation purposes. The Company will multiply the principal amount of each valid tender of Notes by the proration factor and round the resulting amount down to the nearest $1,000 principal amount in order to determine the principal amount of such tender that will be accepted pursuant to the Offer. The excess principal amount of Notes not accepted from the tendering Holders will be promptly returned to such Holders.

All General Conditions to the Offer were satisfied or waived on or prior to the Expiration Date. The Offer remains subject to the Financing Condition. The Company will not be required to accept for purchase any tendered Notes, or pay the Consideration, if the Financing Condition has not been satisfied or waived on or prior to the Settlement Date.

Citigroup Global Markets Inc. served as dealer manager (the “Dealer Manager”) for the Offer. Global Bondholder Services Corporation served as the Tender and Information Agent for the Offer. For additional information, please contact: Citigroup Global Markets Inc. at +1 (800) 558-3745 (toll-free) or +1 (212) 723-6106 (collect) and ask for Steve Cheeseman, Kevin Mills, or Joyce Lam. Requests for documents and questions regarding the tendering of Notes may be directed to Global Bondholder Services Corporation by telephone at (212) 430-3774 (for banks and brokers only) and (855) 654-2015 (for all others toll-free) or to the Dealer Manager at its telephone number. Copies of the Offer to Purchase are available at: https://www.gbsc-usa.com/cloud. You may also contact your custodian bank, broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offer.

This press release is neither an offer to purchase nor a solicitation of an offer to sell the Notes or any other securities. The Offer was made only by and pursuant to the terms of the Offer to Purchase and only to such persons and in such jurisdictions as is permitted under applicable law. The information in this press release is qualified by reference to the Offer to Purchase.

Forward-Looking Statements

This press release includes statements that express our opinions, expectations, beliefs, plans, objectives, assumptions, or projections regarding future events or future results and therefore are, or may be deemed to be, “forward-looking statements” within the meaning of the “safe harbor provisions” of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include all matters that are not historical facts, including statements relating to our intentions, beliefs, or current expectations concerning, among other things, the completion of the Offer. These forward-looking statements can generally be identified by the use of forward-looking terminology, including the terms “believes,” “estimates,” “anticipates,” “expects,” “seeks,” “projects,” “intends,” “plans,” “may,” “will,” or “should” or, in each case, their negative or other variations or comparable terminology. Such forward-looking statements are based on available current market material and management’s expectations, beliefs, and forecasts concerning future events impacting us. These forward-looking statements involve a number of risks and uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by the forward-looking statements contained in this release because of a variety of factors, including, but not limited to, general market conditions that might affect the Offer and the New Notes Offering and the other factors described in the Offer to Purchase. There can be no assurance that future developments affecting us will be those that we have anticipated. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

About Cloud Software Group
Cloud Software Group delivers trusted, mission-critical software, helping its customers evolve, compete, and succeed across cloud, multi-cloud, hybrid, on-premises, and edge deployments. Its portfolio includes Citrix, TIBCO, Spotfire, ibi, DataSynapse, ON EBX, Arctera, Enterprise Vault, and InfoScale, offering solutions that include secure application delivery, automation, collaboration, data management, and advanced analytics.

Media Contact:
Haley Salas
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
media@cloud.com

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SOURCE Cloud Software Group Holdings, Inc.

Technology

Panduit Introduces Net-Verse™ Cabinets for Modern Data Center Environments

Published

55 minutes ago

November 10, 2026

Next-generation cabinet platform combines improved airflow, reinforced strength, flexible configurations, and service-friendly access

SINGAPORE, Nov. 10, 2026 /PRNewswire/ — As data centers accommodate higher equipment densities, they face growing demands to improve airflow, support heavier rack configurations, maximize available space, and simplify equipment installation and maintenance. Panduit, a leading global manufacturer of high-quality electrical and network infrastructure and connectivity solutions, introduces Net-Verse™ Cabinets, a next-generation cabinet platform designed to address these challenges with enhanced airflow, reinforced structural strength, improved equipment access, and flexible configurations for modern data center environments.

Experience the full interactive Multichannel News Release here: https://www.multivu.com/panduit/9431151-en-panduit-introduces-net-verse-cabinets-for-modern-data-center-environments

Net-Verse Cabinets feature highly perforated front and rear doors with 78% airflow open area to support cooling in dense network, server, and AI environments. The cabinet door opens 180 degrees to provide greater access during equipment installation and maintenance, while fully adjustable equipment rails simplify placement across a range of equipment sizes and depths.

A reinforced steel frame supports load ratings of up to 2,000 kg (4,400 lbs.) static and 1,000 kg (2,200 lbs.) rolling, helping data centers accommodate the dense, fully loaded rack configurations associated with evolving infrastructure requirements. Additional airflow-management features include brush cable-entry points in the top cap and a standard bottom cover plate designed to help limit air leakage and debris entry.

“As AI and other high-density applications reshape data center requirements, customers need infrastructure that can adapt alongside them. Net-Verse Cabinets provide a flexible, service-friendly foundation designed to simplify deployment and support evolving infrastructure needs,” said May Odishoo, Product Manager Associate.

The cabinet portfolio is available in 600 mm and 800 mm widths, 1,000 mm and 1,200 mm depths, and 42, 45, and 48 rack-unit heights. Customers can select configurations with or without side panels in black or white. The 800 mm-wide cabinets include front cable-management fingers and front blanking panels, and all cabinets include full-height PDU brackets, adjustable equipment rails, casters, leveling legs, and an assembled, one-per-pallet shipping configuration.

Net-Verse Cabinets are designed for data center, enterprise, and co-location deployments and are compatible with Panduit cable-management accessories and the Net-Contain™ Universal Aisle Containment System. The cabinets comply with EIA-310-E, TIA/EIA-942, GB/T 19520.16-2015, DIN 41494 Part 1 and Part 7, and IEC 60297-3-100:2008.

For more information about Net-Verse Cabinets, visit Panduit.com/cabinets.

About Panduit

Panduit is a leading global manufacturer of high-quality electrical and network infrastructure and connectivity solutions. Operating from our headquarters in Tinley Park, Ill., USA, and across 112 worldwide locations, we drive innovation through strategic R&D investments and breakthrough product development while providing seamless global support and service. Since 1955, our commitment to our customers and partners has remained constant. And together, with them, we create exceptional solutions that support their businesses in a way that’s good for them and good for the world. Panduit is making the connections that matter. For more information, visit www.panduit.com.

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