WASHINGTON (dpa-AFX) - Pixelworks, Inc. (PXLW), a provider of powerful video and pixel processing technology, reported a second-quarter net loss of $1.1 million or $0.06 per share, narrower than the net loss of $2.1 million or $0.13 per share in the same period last year.
Excluding items, non-GAAP net loss for the quarter was $0.3 million or $0.02 per share, compared to the net loss of $1.4 million or $0.09 per share.
Net revenue for the latest quarter declined slightly to $15.5 million from $15.7 million a year ago.
Bruce Walicek, President and CEO of Pixelworks, said, 'Revenue for the quarter came in at the high end of our guidance range driven by the ramping of our new Topaz family of products for the projector market and significant year over year increase in sales of our advanced TV solutions.'
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