PIXELWORKS, INC.
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| Three Months Ended |
| Nine Months Ended | ||||||
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| September 30, |
| June 30, |
| September 30, |
| September 30, |
| September 30, |
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| 2024 |
| 2024 |
| 2023 |
| 2024 |
| 2023 |
Reconciliation of GAAP and non-GAAP gross profit margin |
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GAAP gross profit margin |
| 51.2 % |
| 50.7 % |
| 42.9 % |
| 50.8 % |
| 42.3 % |
Stock-based compensation |
| 0.1 % |
| 0.1 % |
| 0.1 % |
| 0.1 % |
| 0.2 % |
Restructuring |
| — % |
| 0.2 % |
| — % |
| 0.0 % |
| — % |
Total reconciling items included in gross profit |
| 0.1 % |
| 0.3 % |
| 0.1 % |
| 0.2 % |
| 0.2 % |
Non-GAAP gross profit margin |
| 51.3 % |
| 51.0 % |
| 43.1 % |
| 50.9 % |
| 42.4 % |
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*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. |
PIXELWORKS, INC.
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| Three Months Ended | Nine Months Ended | |||
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| September 30, | June 30, | September 30, | September 30, | September 30, |
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| 2024 | 2024 | 2023 | 2024 | 2023 |
| Reconciliation of GAAP net loss attributable to Pixelworks Inc. and adjusted EBITDA |
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| GAAP net loss attributable to Pixelworks Inc. | $ (8,141) | $ (10,149) | $ (6,999) | $ (23,356) | $ (22,432) |
| Stock-based compensation | 1,042 | 925 | 1,252 | 3,042 | 3,677 |
| Restructuring | 90 | 1,419 | — | 1,509 | — |
| Tax effect of non-GAAP adjustments | (74) | 74 | — | — | — |
| Non-GAAP net loss attributable to Pixelworks Inc. | $ (7,083) | $ (7,731) | $ (5,747) | $ (18,805) | $ (18,755) |
| EBITDA adjustments: |
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| Depreciation and amortization | $ 920 | $ 1,059 | $ 1,053 | $ 3,088 | $ 3,211 |
| Non-GAAP interest income and other, net | (296) | (327) | (471) | (1,057) | (1,615) |
| Non-GAAP provision (benefit) for income taxes | 199 | (42) | 158 | 262 | 318 |
| Adjusted EBITDA | $ (6,260) | $ (7,041) | $ (5,007) | $ (16,512) | $ (16,841) |
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| *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. |
