Connect with us

Technology

Pixelworks Reports Third Quarter 2026 Financial Results

Published

on

PORTLAND, Ore., Nov. 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 third quarter ended September 30, 2026.

Third Quarter 2026 and Recent Highlights

Announced multi-year device certification agreement with Meta to bring TrueCut Motion® cinematic content to Meta’s VR Devices, including the upcoming Meta VR GlassesWorked with Universal Pictures on DreamWorks Animation’s original animated comedy, Forgotten Island, theatrically released in late SeptemberRepurchased $1.2 million of shares of common stock for less than book value under the Company’s stock repurchase programEnded the third quarter with cash, cash equivalents and short-term marketable securities of approximately $50 million

“During the third quarter, we continued to execute on our strategy of building and scaling a pure-play technology licensing business centered on TrueCut Motion and our visualization solutions,” stated Todd DeBonis, Chairman and CEO of Pixelworks. “This included steady progress toward our near-term objectives of growing the TrueCut Motion ecosystem of premium large-format exhibitors and expanding the availability of cinematic TrueCut Motion-graded content.

“Most recently, we achieved a major milestone with Meta becoming our first major device manufacturer customer for TrueCut Motion device certification. This multi-year agreement, which is ahead of the original timeline for our device licensing program, will bring unmatched cinematic clarity and highly immersive content to Meta’s VR devices. We also believe this partnership will meaningfully accelerate the pipeline of new TrueCut Motion-graded titles. Importantly, we remain well capitalized to execute on our strategy and continue driving growing momentum for our differentiated TrueCut Motion content across both theatrical and device experiences.”

Conference Call Information

Pixelworks will host a conference call today, November 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:

Third Quarter 2026 Conference Call
Date: Wednesday, November 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 registered 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 nine months ended September 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 September 30,

Nine Months Ended September 30,

2026

2025

2026

2025

Revenue, net

$          378

$          241

$          888

$          400

Cost of revenue

30

24

248

77

Gross profit

348

217

640

323

Operating expenses:

Research and development (1)

1,472

932

3,632

2,798

Selling, general and administrative (2)

2,311

1,902

6,627

5,746

Restructuring

—

—

2,089

—

Total operating expenses

3,783

2,834

12,348

8,544

Loss from operations

(3,435)

(2,617)

(11,708)

(8,221)

Interest income and other

648

(3)

1,544

62

Loss before income taxes

(2,787)

(2,620)

(10,164)

(8,159)

Benefit for income taxes

(12)

(57)

(24)

(201)

Net loss from continuing operations

(2,775)

(2,563)

(10,140)

(7,958)

Net income (loss) from discontinued operations,

net of income taxes

—

(2,030)

85,153

(11,580)

Net income (loss)

(2,775)

(4,593)

75,013

(19,538)

Less: Net loss attributable to redeemable non-

controlling interest and non-controlling interest

—

161

—

638

Net income (loss) attributable to Pixelworks, Inc.

$       (2,775)

$       (4,432)

$      75,013

$     (18,900)

Net loss from continuing operations per share – basic and

diluted

$        (0.46)

$        (0.47)

$        (1.63)

$        (1.51)

Net income (loss) from discontinued operations per share:

Basic

$           —

$        (0.37)

$        13.66

$        (2.20)

Diluted

$           —

$        (0.37)

$        13.36

$        (2.20)

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

Basic

$        (0.46)

$        (0.81)

$        12.03

$        (3.59)

Diluted

$        (0.46)

$        (0.81)

$        11.77

$        (3.59)

Weighted average shares outstanding:

Basic

6,056

5,440

6,233

5,258

Diluted

6,056

5,440

6,375

5,258

(1) Includes stock-based compensation

353

100

566

344

(2) Includes stock-based compensation

759

483

1,643

1,156

 

PIXELWORKS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)

September 30,
2026

December 31,
2025

ASSETS

Current assets:

Cash and cash equivalents

$          40,892

$          11,243

Short-term marketable securities

8,932

—

Accounts receivable, net

95

—

Prepaid expenses and other current assets

386

568

Current assets held for sale

—

38,422

Total current assets

50,305

50,233

Property and equipment, net

190

205

Operating lease right-of-use assets

461

704

Other assets, net

61

121

Total assets

$          51,017

$          51,263

LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND

SHAREHOLDERS’ EQUITY

Current liabilities:

Accounts payable

$             328

$               —

Accrued liabilities and current portion of long-term liabilities

984

1,972

Current portion of income taxes payable

—

43

Current liabilities held for sale

—

18,005

Total current liabilities

1,312

20,020

Operating lease liabilities, net of current portion

154

298

Income taxes payable, net of current portion

481

508

Deferred tax liability

—

31

Total liabilities

1,947

20,857

Commitments and contingencies

Redeemable non-controlling interest

—

28,600

Shareholders’ equity:

Preferred stock

—

—

Common stock

506,624

504,405

Treasury stock, at cost

(4,432)

—

Accumulated other comprehensive income

244

2,882

Accumulated deficit

(453,366)

(528,379)

Total Pixelworks, Inc. shareholders’ equity (deficit)

49,070

(21,092)

Non-controlling interest

—

22,898

Total shareholders’ equity

49,070

1,806

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

$          51,017

$          51,263

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/pixelworks-reports-third-quarter-2026-financial-results-302936914.html

SOURCE Pixelworks, Inc.

Continue Reading

Technology

Rocket Alumni Solutions Puts Recognition at the Center of School Community Engagement

Published

on

By

Interactive storytelling gives students, families and alumni a way to discover the people, achievements and traditions that shape their school.

BOSTON, Nov. 9, 2026 /PRNewswire/ — Rocket Alumni Solutions helps schools turn their history and achievements into a shared community experience. Serving 1,500+ schools and organizations, the company provides interactive recognition software that brings alumni stories, student accomplishments, school records and yearbooks together on campus touchscreens and the web.

A school’s story includes the students who set records, the teachers who shaped generations, the volunteers who supported a program and the graduates who carried its traditions forward. Rocket gives schools a place to tell those stories with the photographs, biographies and historical context behind each name.

The company’s approach centers community engagement on something personal: giving people a way to find their connection to a school and explore the contributions of others. Its recognition engine makes room for both established traditions and the achievements being added to that history today.

Recognition that reflects the whole school

Rocket’s History Showcase supports recognition across academics, athletics, the arts, alumni, staff, donors and community service. Schools can organize collections around their own priorities, from a hall of fame or scholarship program to an archive of student leadership and performing arts.

Searchable profiles let visitors explore the people behind an award. Team collections can bring together rosters, photographs and season stories. Donor recognition can explain the people behind a scholarship, building or program, while alumni profiles can show students where a graduate’s path began.

This flexibility gives school leaders a practical way to broaden the stories they share. An athletic induction can sit alongside academic honors, an educator tribute or a volunteer’s contribution, with each collection reflecting a different part of the same community.

A shared history on campus and beyond

Rocket makes recognition available where people gather and where they live. A compatible touchscreen gives visitors a place to explore during a campus visit, reunion or induction ceremony. The web-based showcase lets alumni and families revisit those stories without returning to the building.

Digital yearbooks and photo archives add another way to discover a school’s past. A returning graduate can look for a class photograph, a student can explore an earlier generation’s activities, and a family can browse the history of a team or tradition. Those possibilities give schools concrete ways to use their collections throughout the year.

The archive also gives an event a lasting home. Schools can prepare profiles for an induction or assemble historical material for an anniversary, then keep the collection available after the celebration ends.

A collection that grows with the community

Rocket lets staff maintain recognition content through a browser, adding new honorees, updating records and building out historical collections over time. Unlimited content gives schools room to keep expanding the archive as more material becomes available.

A project does not require every decade of school history to be organized before work begins. Schools can start with one meaningful collection, such as an upcoming induction class, a set of yearbooks or a group of alumni profiles, and establish a plan for what comes next.

Rocket offers complimentary data entry, content preparation and project support to help bring that first collection into use. Its team works with schools on source materials, responsibilities and display setup, with 24/7 support available as the recognition program continues.

From preserving a story to sharing it

Recognition is part of Rocket’s wider School Engagement System. Alongside History Showcase, Rocket offers Media Management to organize source material, Digital Signage for timely campus messages and Social Media Graphics for branded visual communications. Hardware and Data Entry & Project Management support the work of bringing a project to campus.

These offerings address different parts of a school’s storytelling effort: maintaining the archive, finding the right photograph, sharing a current achievement and giving visitors a place to explore. Schools can choose a starting point around the people they want to recognize and the material they already have.

About Rocket Alumni Solutions

Rocket Alumni Solutions partners with more than 1,500 schools and organizations, including the PGA Tour, New York University, Arizona State University and Virginia Tech. The company helps communities celebrate achievements, preserve their history and recognize the people who shaped them.

Rocket Alumni Solutions’ touchscreen software maintains an 80 Net Promoter Score, reflecting exceptional ease of use and customer satisfaction. Its interactive touchscreen software helps schools create digital Halls of Fame, donor recognition walls, record boards and campus recognition displays that celebrate community achievements and preserve institutional history.

Rocket Alumni Solutions serves schools and organizations of all sizes. The platform offers pre-built templates and remote content management. Schools receive ongoing support as their recognition collections grow.

CONTACT: press@rocketalumnisolutions.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/rocket-alumni-solutions-puts-recognition-at-the-center-of-school-community-engagement-302933795.html

SOURCE Rocket Alumni Solutions

Continue Reading

Technology

Lemonade Announces Online Viewing Details for 2026 Investor Day

Published

on

By

NEW YORK, Nov. 11, 2026 /PRNewswire/ — Lemonade, Inc. (NYSE: LMND) will hold its third Investor Day on Tuesday, November 17, 2026, in New York City. The program begins at 9:00 a.m. ET.

Attendees can join in person or virtually through a live webcast. In-person attendance is by invitation only, and advance registration is required.

The live webcast of the event will be available on the Lemonade Investor Relations website, investor.lemonade.com, and on YouTube. A replay will be posted after the event.

To register for the online webcast, click here.

About Lemonade
Lemonade offers renters, homeowners, car, pet, and life insurance. Powered by artificial intelligence and social impact, Lemonade’s full stack insurance carriers in the US and the EU replace brokers and bureaucracy with AI, aiming for zero paperwork and instant everything. A Certified B-Corp, Lemonade gives unused premiums to nonprofits selected by its community, during its annual Giveback. Lemonade is currently available in the United States, Germany, the Netherlands, France, and the UK, and continues to expand globally.

Follow Lemonade on X and Instagram for updates.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding the timing and contents of our Investor Day presentation. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These and other important factors are discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in our other subsequent filings with the SEC. These factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s beliefs as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

NEWS & INFORMATION DISCLOSURE
Investors should note we may use our website (investor.lemonade.com), blog (lemonade.com/blog), X (@Lemonade_Inc), and LinkedIn as a means of disclosing information and for complying with our disclosure obligations under Regulation FD. The information we post through these channels may be deemed material. Investors should monitor these channels in addition to reviewing our press releases, SEC filings, and public conference calls.

View original content to download multimedia:https://www.prnewswire.com/news-releases/lemonade-announces-online-viewing-details-for-2026-investor-day-302936912.html

SOURCE Lemonade, Inc.

Continue Reading

Technology

Integris Composites Joins International Sea Power Conference Aboard HMS Prince of Wales

Published

on

By

Silver Partner at the Royal Navy’s flagship maritime conference highlights lightweight composite armor that protects ships and crews without the weight of steel

OSLO, Norway, Nov. 11, 2026 /PRNewswire/ — Integris Composites, a global engineering company specializing in composite armor and survivability systems, is attending the SEA POWER and the Atlantic Future Forum conferences hosted on HMS Prince of Wales in Oslo, Norway.

Integris armor solutions are protecting surface combatants, patrol craft and the crews who operate them — work that includes ballistic protection for Finland’s new Pohjanmaa-class corvettes and support for the upkeep program for the Royal Navy’s Type 45 destroyers.

Integris is a Silver Partner of the International Sea Power Conference (ISPC 2026), which took place yesterday aboard the Royal Navy aircraft carrier HMS Prince of Wales. ISPC, the Royal Navy’s annual flagship conference, brings together naval leaders, policymakers and industry to consider how maritime nations can deter aggression and protect the sea lanes.

Integris executives are attending the Atlantic Future Forum, which follows aboard the same ship Nov. 11-12.

“As navies add uncrewed, autonomous vessels in the drive for innovation, protection of the crewed ships that now carry more sensors and more weapons cannot be an afterthought,” said Andrew Bonham, president and CEO of Integris Composites. “Integris’ European naval teams have spent years engineering protection into ships, ensuring survivability does not cost a vessel its speed, range or payload.

“ISPC is where the people who will shape the next generation of fleets meet, and we are glad to be part of that conversation,” Bonham said.

A CHANGING THREAT AT SEA

The threat to ships has widened. Attacks on commercial shipping in the Red Sea have shown how drones and missiles can put pressure on a global chokepoint, and Ukraine’s campaign in the Black Sea has shown how quickly uncrewed systems can change the balance between fleets and coastal forces. In the High North and the Arctic, allied navies are operating more often, for longer and in harsher conditions.

“Each of those trends raises the same question: How can you protect vessels, aircraft, land vehicles and sensor technologies and reduce the signature on all of them without adding weight? The answer is an increasing adoption of lighter composite armor systems,” Bonham said.

Integris systems integrate ceramics, ultra-high-strength polyethylene and aramid fibers, high-performance unidirectional (UD) laminates — and at times steel — to provide protection at a fraction of the weight of current armor systems. Lower weight supports speed and maneuverability, fuel economy, mission range and payload flexibility, Bonham said. Integris’ naval protection solutions are deployed on a wide range of vessels worldwide, including patrol craft, corvettes, amphibious platforms and command vessels. The company is also experimenting with emerging materials such as graphene and new high-strength fibers.

PROVEN ON NAVAL PROGRAMS

Integris is supplying its naval ballistic protective systems for four next-generation vessels being built by Rauma Marine Constructions for Finland’s major naval modernization project, Squadron 2020. The Pohjanmaa-class corvettes are intended to secure year-round maritime defense in the icy Baltic Sea.

“We worked together with the shipbuilder to fully integrate the protection into the ship design, meeting survivability requirements without compromising speed, range or payload,” said David Cordova, chief commercial officer of Integris Composites USA.

For the Royal Navy’s Type 45 destroyer upkeep program, Integris is supplying new and replacement ballistic protection systems in collaboration with BAE Systems.

“The lesson of the last few years is that not only does protection have to move at the speed of the threat, but we need to develop intelligent armor that can lower the platform signature,” Cordova said. “Drones and uncrewed systems are changing what ships, vehicles and crews have to survive, and they are changing it in months, not decades.

“We are here, and at other major defense events to bring those of us who design protection closer to those who depend on it. This is key to how we’ll shorten the path from a new threat to a fielded solution,” Cordova said.

Integris has operations in North America, Europe and Asia, with manufacturing in Denmark, France and the United States and offices in the Netherlands and the United Kingdom. The company took part in the Pacific Future Forum aboard HMS Prince of Wales in Tokyo in August 2025.

ABOUT INTEGRIS COMPOSITES

Integris Composites is a global engineering company specializing in composite armor for land vehicles, aircraft, naval vessels, protective housings for optronics and other sensitive technologies, and personal protection. With more than 30 years of experience, the company has earned Tier 1 supplier status with major aerospace original equipment manufacturers, including Bell, Boeing, Airbus and Embraer. Known as TenCate Advanced Armor until it was renamed Integris Composites in 2023, the business has built a reputation for innovative survivability solutions across military, law enforcement and security applications worldwide.

PHOTO: SYMBOL OF PEACE THROUGH DEFENSE: Pleasure craft in front of HMS Prince of Wales, moored in Oslo to host the International Sea Power Conference (Nov. 10) and the Atlantic Future Forum (Nov. 11-12). Photo by David Cordova, Integris Composites.

Media Contact:
David Cordova, Chief Commercial Officer
Integris Composites, Inc.
david.cordova@integriscompositesus.com

Photos:
https://www.prlog.org/13182520

Press release distributed by PRLog

View original content:https://www.prnewswire.com/news-releases/integris-composites-joins-international-sea-power-conference-aboard-hms-prince-of-wales-302936826.html

SOURCE Integris Composites, Inc.

Continue Reading

Trending