Reports Q3 revenue $8.8M vs. $9.5M last year. “Our third quarter top and bottom-line results improved sequentially, with all financial metrics being within or better than our guided ranges,” stated Todd DeBonis, President and CEO of Pixelworks (PXLW). “Gross margin expanded sequentially and was more favorable than expected, achieving approximately 50% for the quarter. We also realized incremental benefits from our previous cost reduction actions, with third quarter operating expenses decreasing sequentially and down $3.1 million year-over-year. Taken together, we delivered continued meaningful improvement in our operating results for the quarter.
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