Latest news with #TrueCutMotion
Globe and Mail
2 days ago
- Business
- Globe and Mail
Pixelworks Posts Loss as Sales Improve
Pixelworks (NASDAQ:PXLW) reported its second-quarter 2025 earnings on August 12, 2025, a non-GAAP net loss of $5.3 million, and sequential revenue growth driven by home and enterprise product shipments. Management highlighted progress in TrueCut Motion, ongoing strategic review of the Shanghai subsidiary, and a continued focus on cost containment. Management continues to target profitability for the Shanghai subsidiary as early as Q4 2025. TrueCut Motion gains global traction and $4 billion box office milestone TrueCut Motion, Pixelworks' cinematic visual enhancement platform, has been credited on blockbuster films across leading studios and is expected to expand into the home entertainment market through premium devices, including the Apple Vision Pro. The format has enabled titles to gross over $4 billion at the box office as of August 12, 2025. This solidifies its position with key studio partners like Universal, DreamWorks, and Disney. "As of today, titles that utilize TrueCut Motion have achieved over $4 billion at the box office, proving that our current studio partners, Universal, DreamWorks, Disney, Legendary, and Lightstorm see the value that TrueCut brings to their tentpole production films. These encouraging results clearly show that we are moving towards sustained growth for titles and brand awareness." -- Todd DeBonis, President and CEO Adoption of TrueCut Motion by major studios and select theaters validates technology leadership. Shanghai subsidiary realignment and strategic review near inflection point Pixelworks Shanghai now consolidates all semiconductor operations, serving both projector and mobile markets, following a 2021 realignment to enable efficiency and focus. The subsidiary is the subject of an active strategic review process, managed by Morgan Stanley, with three non-binding term sheets under due diligence and a transaction targeted before Q3 end. "We have since been engaged in due diligence with all three parties. I traveled to Shanghai last week and although the outcome is yet to be determined, we believe the process is progressing well, and nearing closure, and likely to result in a new strategic direction for our Pixelworks Shanghai subsidiary before the end of the third quarter." -- Todd DeBonis, President and CEO Cost reductions drive improved margins and narrower losses for Pixelworks Non-GAAP operating expenses decreased by over $3 million year-over-year to $9.7 million, while non-GAAP gross margin reached 46% due to improved yields and a favorable mix. The Shanghai entity received approximately $1.6 million in Chinese government 'Little Giant' program subsidies, aiding cash flow and offsetting R&D expenses. "The sequential and year-over-year decrease in operating expenses reflects the results of our previously taken actions to reduce operating expenses and streamline our overall cost structure. Additionally, during the second quarter, our Pixelworks Shanghai subsidiary received approximately $1.6 million in cash subsidies as part of its certified status in China's Little Giant program." -- Haley Aman, Chief Financial Officer This disciplined cost management, combined with targeted government incentives, improves the likelihood of approaching profitability even as revenue expansion remains gradual. Looking Ahead For Q3 2025, management guides for revenue in the $8.5 million to $9.5 million range, non-GAAP gross margin between 47% and 49%, and non-GAAP operating expenses between $8.5 million and $9.5 million. Non-GAAP EPS is expected to range from a loss of $0.70 to $1.02 per share. Management expects a decision regarding the Shanghai subsidiary's strategic transaction before the end of Q3 and continues to target profitability in the subsidiary as soon as Q4 2025. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 1,060%* — a market-crushing outperformance compared to 182% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. See the stocks » *Stock Advisor returns as of August 13, 2025 This article was created using Large Language Models (LLMs) based on The Motley Fool's insights and investing approach. It has been reviewed by our AI quality control systems. Since LLMs cannot (currently) own stocks, it has no positions in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Yahoo
6 days ago
- Entertainment
- Yahoo
Universal Pictures' "Nobody 2" to be Released with TrueCut Motion
Premium Screens Worldwide Take Advantage of Pixelworks' Award-Winning Motion Technology Universal Pictures' "Nobody 2" arrives in theaters August 15, 2025 LOS ANGELES, Aug. 11, 2025 /PRNewswire/ -- Pixelworks, Inc. (NASDAQ: PXLW), announced today that Universal Pictures' Nobody 2 will be presented with TrueCut Motion™ technology on selected premium screens worldwide. Under the direction of the filmmakers, the Pixelworks motion grading team utilized advanced TrueCut Motion technology to bring stunning motion clarity to the new chapter from the bare-knuckle action-thriller, Nobody, which opened at number one at the box office in 2021. In Nobody 2 (in theaters August 15, 2025), Bob Odenkirk returns as suburban husband, father and workaholic assassin Hutch Mansell, where a family vacation to a small-town waterpark puts him in the crosshairs of the most unhinged, blood-thirsty crime boss he has ever encountered. On premium large format screens, important details are lost during both subtle movement of the subjects, as well as during fast action scenes. Now, with TrueCut Motion technology, Nobody 2 will be visually perfect on the world's largest and brightest cinema screens, throughout every brutal, brawling action scene, giving audiences an ultimate premium experience, unlike anything they've seen before. TrueCut Motion is an award-winning technology breakthrough that provides filmmakers with an extended palette of motion looks that has never been possible before. The powerful TrueCut Motion platform allows filmmakers to fine-tune or enhance the motion look of all the action, shot by shot, in post-production, while keeping the intended cinematic look and feel intact. The TrueCut Motion platform then ensures that these creative choices are delivered consistently across every screen and optimized on any viewing device — spanning theaters, televisions, mobile and next-generation headsets — in both 3D and standard 2D environments. Pixelworks and TrueCut Motion are trademarks of Pixelworks, Inc. About Pixelworks Pixelworks, Inc. (Nasdaq: PXLW) provides industry-leading content creation, video delivery and display processing solutions and technology that enable highly authentic viewing experiences with superior visual quality, across all screens – from cinema to smartphone and beyond. The Company has more than 20 years of history delivering image processing innovation to leading providers of consumer electronics, professional displays, and video streaming services. Pixelworks' TrueCut Motion ecosystem allows filmmakers to create visually stunning motion, scene by scene while ensuring the director's intent is precisely delivered in cinemas or home theaters. For more information on Pixelworks, visit: For more information on TrueCut Motion: View original content to download multimedia: SOURCE Pixelworks, Inc.
Yahoo
29-07-2025
- Entertainment
- Yahoo
DreamWorks Animation's "The Bad Guys 2" to be Released with TrueCut Motion
Premium Screens Worldwide Take Advantage of Pixelworks' Award-Winning Motion Technology DreamWorks Animation's "The Bad Guys 2" arrives in theaters August 1, 2025 LOS ANGELES, July 29, 2025 /PRNewswire/ -- Pixelworks announced today DreamWorks Animation's The Bad Guys 2 will be presented with TrueCut Motion™ technology on premium screens worldwide. The Bad Guys 2 arrives in theaters August 1, 2025. In this new chapter from DreamWorks Animation's acclaimed comedy smash about a crackerjack crew of animal outlaws, the now-reformed Bad Guys are trying to be good but instead find themselves hijacked into a high-stakes, globe-trotting heist, masterminded by a new team of criminals they never saw coming: The Bad Girls. Working closely with the filmmakers, the Pixelworks motion grading team utilized advanced TrueCut Motion technology to bring stunning motion clarity to this action-packed new feature comedy. On premium large format screens, important details are lost during subtle movement of the subjects, as well as during fast action scenes. Now, with TrueCut Motion technology, the stunning artistry that has gone into The Bad Guys 2 will be visually perfect on the world's largest and brightest cinema screens in both 2D and 3D, throughout every scene, giving audiences an ultimate premium experience, unlike anything they've seen before. TrueCut Motion is an award-winning technology breakthrough that provides filmmakers with an extended palette of motion looks that has never been possible before. The powerful TrueCut Motion platform allows filmmakers to fine-tune or enhance the motion look of all the action, shot by shot, in post-production, while keeping the intended cinematic look and feel intact. The TrueCut Motion platform then ensures that these creative choices are delivered consistently across every screen and optimized on any viewing device — spanning theaters, televisions, mobile and next-generation headsets — in both 3D and standard 2D environments. Pixelworks and TrueCut Motion are trademarks of Pixelworks, Inc. About Pixelworks Pixelworks, Inc. (Nasdaq: PXLW) provides industry-leading content creation, video delivery and display processing solutions and technology that enable highly authentic viewing experiences with superior visual quality, across all screens – from cinema to smartphone and beyond. The Company has more than 20 years of history delivering image processing innovation to leading providers of consumer electronics, professional displays, and video streaming services. Pixelworks' TrueCut Motion ecosystem allows filmmakers to create visually stunning motion, scene by scene while ensuring the director's intent is precisely delivered in cinemas or home theaters. For more information on Pixelworks, visit: For more information on TrueCut Motion: View original content to download multimedia: SOURCE Pixelworks, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Forbes
07-07-2025
- Entertainment
- Forbes
‘Jurassic World Rebirth' HFR With TrueCut Motion Is Exclusive To China
As this screenshot from a video reveals, Cinity is showing 'Jurassic World Rebirth' in 4K at 48 fps ... More with TrueCut Motion. If you're a fan of picture quality and want to watch the most technically advanced version of Jurassic World Rebirth, then it seems as though you'll have to travel to China to see it. As I noted in my round-up of which cinema format to choose to see Jurassic World Rebirth, while the film's director, Gareth Edwards, decided to shoot on 35mm film, it is only being exhibited using digital projection (with a DCP taken from a 4K digital intermediate). You can also choose to see it in RealD 3D, 4DX 3D and Dolby 3D. However, as many find fast action in 3D difficult to follow, I wondered in the previous article why there was no TrueCut Motion version of the film. It turns out, however, that the TrueCut Motion logo can be spotted in the film's credits. This is because a TrueCut Motion version of the film does exist but if you want to see it you'll have to travel to a Cinity screen in China. As can be seen in the poster, Cinity is advertising that Jurassic World Rebirth is being shown exclusively in Cinity theaters in 4K at 48 fps with TrueCut Motion. In contrast to US and Europe, Cinity is happy to push the high frame frame version of the Jurassic ... More World Rebith What Is Cinity? Cinity is China's homegrown premium large format cinema tech that brings together high-brightness, wide-color gamut 4K laser projection (and LED cinema) with high dynamic range (HDR), 3D, and high frame rate capability, along with a proprietary object-based surround sound format. TrueCut Motion is the 'motion grading' technology from Pixelworks used in Avatar: The Way of Water and other movies/remasters to make fast motion in high-frame-rate projection look more natural, or rather, more like 24fps. When high frame rate was used by the likes of Peter Jackson (The Hobbit Trilogy) and Ang Lee (Gemini Man) to make fast motion more discernible, many critics felt that the smoothness of the image looked unnatural. This is where TrueCut Motion comes in. It allows filmmakers to dial in as much smoothness as they wish so that they get the benefit of using high frame rate, but with the look of 24fps. It does so by dealing with visual anomalies that occur in fast motion, such as judder, the impact of which is exacerbated on large, bright screens that underpin the latest, laser-projection-powered premium large format screens. However, it seems that Universal Pictures feels that HFR has received too much of a bad rap to offer an HFR version in the West, even with TrueCut Motion in place. (After writing this piece, I will be heading off to see Jurassic World Rebirth in Dolby 3D, and if it does turn out to be HFR, I will update the article.) With China contributing a significant $41.5 million to the movie's $318 million opening weekend, (the second best of the franchise so far behind Jurassic World (2015), which took $524.4 million), it certainly makes sense that they would use the cutting-edge tech to push the film any way they can in the country. Related Articles: Which Cinema Format Should You Choose For 'Jurassic World Rebirth'? Can Avatar: The Way Of Water's TrueCut Motion Tech Save High Frame Rate Cinema Gemini Man HFR Review: A Bold Failure
Yahoo
14-05-2025
- Business
- Yahoo
Pixelworks Inc (PXLW) Q1 2025 Earnings Call Highlights: Navigating Challenges with Strategic ...
Revenue: $7.1 million for Q1 2025, down from $9.1 million in Q4 2024 and $16.1 million in Q1 2024. Home and Enterprise Revenue: Approximately $5.8 million for Q1 2025. Mobile Revenue: Approximately $1.3 million for Q1 2025. Non-GAAP Gross Profit Margin: 49.9% for Q1 2025, compared to 54.8% in Q4 2024 and 50.7% in Q1 2024. Non-GAAP Operating Expenses: $10.4 million for Q1 2025, down from $12.6 million in Q1 2024. Non-GAAP Net Loss: $6.5 million or $0.11 per share for Q1 2025, compared to $4.3 million or $0.07 per share in Q4 2024. Adjusted EBITDA: Negative $5.8 million for Q1 2025, compared to negative $3.6 million in Q4 2024. Cash and Cash Equivalents: $18.5 million at the end of Q1 2025, down from $23.6 million at the end of Q4 2024. Q2 2025 Revenue Guidance: Expected to be between $8 million and $9 million. Q2 2025 Non-GAAP Gross Profit Margin Guidance: Expected to be between 41% and 43%. Q2 2025 Non-GAAP EPS Guidance: Expected to range between a loss of $0.11 per share and a loss of $0.08 per share. Warning! GuruFocus has detected 6 Warning Signs with PXLW. Release Date: May 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Pixelworks Inc (NASDAQ:PXLW) reported first-quarter results consistent with expectations, with sequential growth in the mobile business. The company has significantly reduced operating expenses, down more than $2 million year over year, and expects further reductions in 2025. Pixelworks Inc (NASDAQ:PXLW) is making progress with its TrueCut Motion platform, targeting to double the number of titles from 5 in 2024 to 10 in 2025. The company has formalized a strategic partnership with a market-leading post-production company to expand the TrueCut ecosystem. Pixelworks Shanghai subsidiary is poised to reach profitability in the second half of 2025, with multiple revenue opportunities in play. First-quarter revenue decreased to $7.1 million from $16.1 million in the first quarter of 2024, reflecting anticipated seasonality and lower sales of end-of-life products. Non-GAAP gross profit margin decreased to 49.9% from 54.8% in the previous quarter, due to a shift in product mix and less overhead absorption. The company reported a non-GAAP net loss of $6.5 million for the first quarter of 2025, compared to a net loss of $4 million in the first quarter of 2024. Cash and cash equivalents decreased to $18.5 million from $23.6 million at the end of the fourth quarter. Guidance for the second quarter of 2025 indicates continued challenges, with expected revenue between $8 million and $9 million and a non-GAAP EPS loss between $0.11 and $0.08 per share. Q: Todd, you talked about Pixelworks Shanghai reaching profitability. Can you give us some help with what the revenue levels that might be achieved at? And maybe what portion of the OpEx is attributable to Shanghai so we can understand that operating model? A: Todd DeBonis, President and CEO, explained that OpEx for Pixelworks Shanghai is expected to be around $7 million to $7.5 million per quarter. The revenue mix includes home and entertainment, mobile, IP licensing, and design services. Profitability depends on a combination of these revenue streams, and if all goes as planned, the unit could be profitable in Q3 and Q4. Q: Regarding TrueCut, are your device discussions with Chinese brands or global non-Chinese smartphone OEMs? A: Todd DeBonis clarified that the device discussions for TrueCut are with mobile OEMs, but the one that completed certification testing is not a Chinese OEM. The focus is on bringing TrueCut to premium home entertainment devices, primarily targeting North America and Europe. Q: On the ASIC design services engagements, how would you give a framework for sizing those opportunities and the revenue models associated? A: Todd DeBonis explained that design services can range from partial to full turnkey solutions, with costs for large SoCs in 12-nanometer ranging from $10 million to $20 million. The revenue size depends on the extent of services provided to the customer. Q: For mobile, how are the engagements lining up with the revenue expectations for this year? A: Todd DeBonis indicated that given the Q2 guidance, replicating 2023's $30 million mobile revenue would be challenging. However, an uptick is expected in the second half of the year, with revenue likely closer to 2024 levels or slightly above. Q: Could you expand on the multiple programs with your lead mobile customer and additional engagements? Will any additional engagements generate revenue in 2025? A: Todd DeBonis stated that additional engagements are booked design wins with the X7P. The co-development with the lead customer involves a new solution not yet offered to the market, enhancing graphical experiences. While no designs are in the bag yet, there are opportunities available this year. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
