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Pixelworks Reports Second Quarter 2026 Financial Results

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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

25

46

218

53

Gross profit

39

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

94

—

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

27

897

64

Loss before income taxes

(2,786)

(2,484)

(7,377)

(5,538)

Provision (benefit) for income taxes

10

96

(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

51

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

26

43

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

—

31

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.

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ThreatBook Named a “Strong Performer” in the Gartner® Voice of the Customer for NDR Report for the Fourth Consecutive Year

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SINGAPORE, Nov. 11, 2026 /PRNewswire/ — Recently, Gartner released its 2026 “Voice of the Customer for Network Detection and Response (NDR)” report. On the strength of TDP’s user reputation and product capabilities, ThreatBook has been named in the “Strong Performer” quadrant for the fourth consecutive year.

Gartner Peer Insights “Voice of the Customer” is based on genuine reviews from enterprise users and provides a peer-perspective reference for technology and service procurement across two dimensions: “User Interest and Adoption” and “Overall Experience.”

According to Gartner: “The Voice of the Customer covers vendors whose products fit this market and that had 20 or more eligible published reviews during the 18-month evaluation period ending August 31, 2026. Reviews submitted by vendor partners and by companies with revenue of less than US$50 million are excluded. In the Network Detection and Response market, Gartner Peer Insights published a total of 1,245 reviews and ratings during this evaluation period.”Of these, ThreatBook TDP received 84 reviews from users worldwide in the finance, manufacturing, energy, IT and retail industries, with a five-star positive review rate of 100% and a willingness to recommend of 97%, and multiple metrics, including product experience, are industry-leading. Selected reviews are as follows:

 

 

Currently, ThreatBook TDP has been deployed at thousands of leading enterprises in key industries such as finance, energy, electric power, internet and intelligent manufacturing, helping users achieve visible, precise and proactive defense in a dynamic threat environment.

In terms of visibility, TDP supports on-premises, multi-cloud and hybrid network deployments, monitoring all north-south and east-west traffic both in the cloud and on-premises in a unified manner, providing users with consistent network visibility and attack surface discovery capabilities.In terms of threat detection, TDP achieves a false positive rate below 0.003%, precisely detecting unknown threats such as 0-day attacks, encrypted attacks and covert tunnels; at the same time, it intelligently aggregates attack chains from the attacker’s perspective to fully reconstruct the attack process.In terms of automated response, TDP supports automated bypass blocking and integrates with security products from dozens of brands to achieve closed-loop remediation; in addition, TDP can also connect with AI security agents such as Flocks, greatly improving operational efficiency, and is highly recognized by enterprises across industries.

With its leading real-world detection and response capabilities, ThreatBook TDP has repeatedly been recognized by authoritative international institutions, and was recently named in the first quadrant of the “Frost Radar: Network Detection and Response (NDR), 2026” report as the only company from China. Going forward, ThreatBook will continue to leverage its core AI+TI capabilities to provide industry users with more trustworthy network detection and response support.

Gartner Peer Insights reviews constitute the subjective opinions of individual end users based on their own experiences, and do not represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research and advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

GARTNER and PEER INSIGHTS are trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and are used herein with permission. All rights reserved.

About ThreatBook

ThreatBook is the agentic security company focused on AI for Security, and Security for AI. Founded in 2015, ThreatBook is a global cybersecurity company that combines AI with deep threat intelligence to defend enterprises across all stages of the security lifecycle: precision, automated triage and response, and risk reduction. 

With unique vantage points across the Asia Pacific region, ThreatBook delivers intelligence that bridges Eastern and Western threat landscapes, providing an unmatched perspective for global defenders against nation-state actors, cybercriminal groups, and emerging attack campaigns. ThreatBook operates the #1 security community in APAC and empowers the industry with free security tools. 

ThreatBook is accredited by Singapore’s Infocomm Media Development Authority (IMDA), recognized for the company’s innovative and robust suite of agentic security solutions. Furthermore, leading analyst firm Forrester recognized ThreatBook in Forrester’s Network Analysis and Visibility Solutions Landscape, Q2 2025 report, whereby ThreatBook was one of a limited number of vendors cited. ThreatBook received two accolades at the CybersecAsia Readers’ Choice Awards 2026: the “Best in AI-Powered Cybersecurity” award; and the “Rising Star” award. More recently, ThreatBook TDP was recognized by Gartner Peer InsightsTM as a ‘strong performer’ in the 2026 Voice of the Customer report for Network Detection and Response (NDR).

To learn more, visit www.threatbook.io or follow us on LinkedIn.

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SOURCE ThreatBook

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Nexteer Announces First Share Repurchase Programme of Up to US$60 Million

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Programme reflects confidence in long-term prospects and commitment to disciplined capital allocation.

HONG KONG, Nov. 12, 2026 /PRNewswire/ — Nexteer Automotive today announced that its Board of Directors has approved on November 12, 2026, the Company’s first share repurchase programme of up to US$60 million, equivalent to approximately HK$471 million.

The programme reflects the Board’s confidence in Nexteer’s business and long-term prospects. The Group’s strong liquidity position supports returning capital to shareholders while continuing to invest in the business and its future development.

Disciplined Capital Allocation

The programme complements Nexteer’s dividend distributions and represents a further step in returning capital to shareholders. It follows the dividend paid out in July 2026 of approximately US$46 million, representing 45% of the Company’s net income attributable to shareholders for the year ending December 31, 2025 —and the highest dividend payout ratio in the Company’s history.

Nexteer remains committed to disciplined capital allocation, balancing investment in the business with opportunities to enhance shareholder returns and create long-term value.

Share Repurchase Programme Details

Repurchases will be made on The Stock Exchange of Hong Kong Limited under the general repurchase mandate granted by shareholders on June 17, 2026, in accordance with applicable listing rules, laws and regulations and the Company’s memorandum and articles of association. The Company may cancel any shares repurchased at the relevant times of the repurchases.

The programme is expected to run from Board approval until the conclusion of Nexteer’s next annual general meeting, unless amended or terminated earlier by the Board. Implementation will depend on market conditions, the Company’s capital requirements and the Board’s continuing assessment. The timing, number and price of repurchases will be determined from time to time at the Board’s discretion. There is no assurance as to the timing, quantity or price of any repurchase, or that the programme will be implemented in full or at all. Shareholders and potential investors are advised to exercise caution when dealing in the Company’s securities.

ABOUT NEXTEER AUTOMOTIVE  

Nexteer Automotive (HK 1316) is a global leading motion control technology company accelerating mobility to be safe, green and exciting. Our innovative portfolio supports by-wire chassis control, including electric and hydraulic power steering systems, steer-by-wire and rear-wheel steering systems, steering columns and intermediate shafts, driveline systems, software solutions and brake-by-wire. The company solves motion control challenges across all megatrends – including electrification, software/connectivity, ADAS/automated driving and shared mobility – for global and domestic OEMs around the world including BMW, Ford, GM, RNM, Stellantis, Toyota and VW, as well as automakers in India and China including BYD, Xiaomi, ChangAn, Li Auto, Chery, Great Wall, Geely, Xpeng and others. www.nexteer.com  

Visit Nexteer’s Investor Announcements

 

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SOURCE Nexteer Automotive

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Nanjing Offers a Window into the Yangtze River’s Cultural Heritage and Renewal

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NANJING, China, Nov. 11, 2026 /PRNewswire/ — Flowing from west to east across China, the Yangtze River connects regions with distinct traditions and a shared cultural heritage. On November 10, scholars and cultural experts from across the river basin gathered in Nanjing for an event themed “One River, a Shared Heritage: Embracing a New Era.” Hosted by the Publicity Department of the CPC Nanjing Municipal Committee and organized by the Nanjing Yangtze River Culture Institute and other partners, the gathering brought together participants from the Bashu (Sichuan and Chongqing), Yunnan–Guizhou, Hubei, Hunan, Jiangxi–Anhui and lower Yangtze cultural regions to explore the richness of Yangtze River culture. Two research publications were released: the Blue Book of Yangtze River Culture: Report on Yangtze River Cultural Development (2025–2026) and the China Yangtze River Cultural Development City Index Report (2026).

Situated where the Yangtze River Economic Belt and the Yangtze River Delta integration initiative intersect, Nanjing is also a key city in the development of the Yangtze River National Cultural Park. In recent years, the city has worked to restore the river’s natural environment while preserving and sharing the cultural heritage along its banks, seeking to set an example for other communities along the Yangtze. Drawing on the historic sites lining its waterfront and its own transformation into a modern city, Nanjing has expanded research into the river’s cultural legacy and encouraged literature and art inspired by the Yangtze. The city is also exploring what that heritage means today, bringing academic research together with new approaches to cultural preservation and public engagement. These efforts offer a revealing glimpse of how the river’s history and traditions can be kept alive and made relevant to contemporary life.

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SOURCE Nanjing Municipal Committee Propaganda Department

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