Says electing not to provide financial guidance for the fourth quarter due to the previously announced definitive agreement to sell substantially all of the assets of Pixelworks (PXLW) Shanghai. Says next theatrical release to feature true cut motion grading technology will be Universal Pictures’ Wicked For Good. Says reduced cash burn from operations by more than 60% year-over-year to under $3M in Q3. Comments taken from Q3 earnings conference call.
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