Pixelworks Reports Third Quarter 2018 Financial Results

 

PIXELWORKS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)
 
  September 30,
2018
  December 31,
2017
ASSETS     
Current assets:     
Cash and cash equivalents$  18,057 $  27,523
Short-term marketable securities  6,069   —
Accounts receivable, net  5,771   4,640
Inventories  3,041   2,846
Prepaid expenses and other current assets  1,762   1,328
Total current assets  34,700   36,337
Property and equipment, net  5,062   5,605
Other assets, net  1,312   1,338
Acquired intangible assets, net  4,607   5,856
Goodwill  18,407   18,407
Total assets$  64,088 $  67,543
LIABILITIES AND SHAREHOLDERS’ EQUITY     
Current liabilities:     
Accounts payable$  2,187 $  1,436
Accrued liabilities and current portion of long-term liabilities  13,814   16,387
Current portion of income taxes payable  251   445
Total current liabilities  16,252   18,268
Long-term liabilities, net of current portion  883   1,487
Income taxes payable, net of current portion  2,300   2,282
Convertible debt  —   6,069
Total liabilities  19,435   28,106
Shareholders’ equity  44,653   39,437
Total liabilities and shareholders’ equity$  64,088 $  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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