Pixelworks Q1 Revenue Decline

24 Apr

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Pixelworks, Inc. , a  provider of video and pixel processing technology, reported that first quarter 2012 revenue was $14.3 million, compared to $16.8 million reported in the fourth quarter of 2011 and $14.7 million in the first quarter of 2011. The sequential decrease was primarily driven by expected weaker demand in the digital projection and advanced TV markets, partially offset by licensing revenue recorded during the quarter.

“Despite the challenges of seasonality compounded by supply disruptions and an industry-wide inventory correction, we were able to exceed our guidance for Q1 2012,” said Bruce Walicek, President and CEO of Pixelworks

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