PIXELWORKS, INC.
RECONCILIATION OF GAAP AND NON-GAAP  EARNINGS PER SHARE *
(Figures may not sum due to rounding)
(Unaudited)

Three Months Ended

Six Months Ended

June 30,

March 31,

June 30,

June 30,

June 30,

2021

2021

2020

2021

2020

Dollars per share

Dollars per share

Dollars per share

Dollars per share

Dollars per share

Basic

Diluted

Basic

Diluted

Basic

Diluted

Basic

Diluted

Basic

Diluted

Reconciliation of GAAP and non-GAAP net loss

GAAP net loss

$   (0.08)

$   (0.08)

$   (0.16)

$   (0.16)

$   (0.17)

$   (0.17)

$   (0.24)

$   (0.24)

$   (0.31)

$   (0.31)

Reconciling items included in gross profit

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.02

0.02

Reconciling items included in operating expenses

0.03

0.03

0.03

0.03

0.06

0.06

0.06

0.06

0.12

0.12

Non-GAAP net loss

$   (0.05)

$   (0.05)

$   (0.12)

$   (0.12)

$   (0.10)

$   (0.10)

$   (0.17)

$   (0.17)

$   (0.17)

$   (0.17)

*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.