Pixelworks Reports Fourth Quarter and Full Year 2020 Financial

Pixelworks Reports Fourth Quarter and Full Year 2020 Financial Results

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

	Three Months Ended						Twelve Months Ended
	December 31,		September 30,		December 31,		December 31,		December 31,
	2020		2020		2019		2020		2019
	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	$(0.15)	$ (0.15)	$(0.20)	$ (0.20)	$(0.12)	$ (0.12)	$(0.65)	$ (0.65)	$(0.24)	$ (0.24)
Reconciling items included in gross profit	0.01	0.01	0.01	0.01	0.01	0.01	0.04	0.04	0.04	0.04
Reconciling items included in operating expenses	0.04	0.04	0.08	0.08	0.05	0.05	0.24	0.24	0.18	0.18
Reconciling items included in total other income, net	(0.02)	(0.02)	-	-	-	-	(0.02)	(0.02)	(0.10)	(0.10)
Tax effect of non-GAAP adjustments	-	-	-	-	-	-	-	-	-	-
Non-GAAP net loss	$(0.11)	$ (0.11)	$(0.11)	$ (0.11)	$(0.06)	$ (0.06)	$(0.39)	$ (0.39)	$(0.12)	$ (0.12)

*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.

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