PXLW - Earnings call transcript Q2 2018

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Operator

Good day, ladies and gentlemen, and welcome to Pixelworks Incorporated Second Quarter 2018 Earnings Conference Call. I will be your operator for today's call. At this time, all participants are in a listen-only mode.

Following management's prepared remarks, we will conduct a question-and-answer session. This conference call is being recorded for replay purposes. to call like CFO, to now Mr. would turn over the Pixelworks I Moore. Steve

Steve Moore

thank us issued the and Good on for in results is afternoon you and for information the joining announcing of conference is provided the DeBonis, to financial supplement purpose press the Todd XXXX. today. today, Pixelworks' second The President release quarter CEO. our today's call earlier call me With company's

Report as and statements obligation Thursday, the refer are may call, remarks I today, market August begin, of remind to on events like to today's those reflect we future make to These Annual projected and would differ actual December of SEC that materially. the this description year forward-looking for actual forward-looking our update XXXX, XXXX, statements X, competitive from after and to subject this facts results trends, circumstances position, and statements made press release, on various All we Before constitute are Form you financial or subsequent on company's forward-looking XX-K XX, today. filings call that cause that based occurring could Please no undertake to factors including to differ our a a forward-looking economic risks on cause our other materially about not of statements. that results, historical statements and all to are for number any beliefs statements ended uncertainties results. we such and

discount of and exclude of on share. debt. These including certain management's extinguishment convertible accretion GAAP information expense, measures acquired loss, expenses, will company's conference discussions expenses, convertible release and gross of per call restructuring net amortization, operating amortization in and loss net measures the income this inventory financial during margin, fair debt and assets, stock-based compensation and value press Additionally, intangible non-GAAP income step-up non-GAAP terms, backlog statements and include

these internally compensation as EBITDA, dynamics. a a not operating acquisition details. The accordance of are nor flow assess ViXS measures non-GAAP over in the income, all With opening in will related income and results operating meaningful with caution cash stock-based But the exception measures the remarks. GAAP use additional provide these in presented core that net company non-GAAP to investors for we non-GAAP to, the net addition on substitute to, company's of GAAP. which items our Included for, are Todd provide underlying release turn consolidated to company's his to perspective the our of and superior to measures press integration We and and of GAAP to said, adjusted With consider as I reconciliations to results these loss these adjusting call believes definitions performance. Systems. financial now

Todd DeBonis

was and that, we Thank the year-over-year today's second Highlighting half above million end a each updates projector first expenses with on and quarter. the second in I'll Operating markets business. revenue of those was were mobile. end guidance the growth for growth, provide in the volume on our XXXX. afternoon our guidance of digital driven sequential our you, over basis and XX% for represented of $XX.X in expanding Consolidated Steve, projector good quarter recognized strong shipments after our now our demand non-GAAP call. adjusting to of by with end-of-life and joining over of XX% revenue the line breakeven beginning in consecutive core delivered With EPS us high results range on achievement financial

have a the portion LCD and with projector of continue serves of quarter over health in in projector existing growth second the quarter, overall customers, extended seasonality to orders and of customers. during we positive We the market projector. relationships As XX% on which well With we typical increasing revenue in sequential increase first the revenue remain indicator following in as across three the strong anticipated market. the all had multiple strong positioned our the

the the extremely Additionally, projector execute on our a well remain team in achieve track We of release of year. continues result the the $X this offset milestone an year. the R&D to approximately back in quarter, SoC co-development by to end the generation next in for solution development which new to this to of currently expect the will We final in customer. million for large third production half

large enhance to in Pixelworks the growth property of similar third upon term the current sale have expect other our normal future for on return good chip customers. our customer are to to In of new we to and completion with patterns. visibility this we this resulting intellectual for the Near the solutions customer, quarter addition inventories projector investment into in leveraging continue business co-development further SoC projector solid Bookings our to quarter. sequential consistent channel demand in seasonal resulting in expectation are continued our very by

which the second while preparing initiatives for as year. the this the streamline business, to new during in of the Having that the we've increasingly of majority and sustainable ramping pipeline growth simultaneously delivery, of expected video building anticipate delivery quarter. to robust focused we our Turning performed video a been second largely half engagements successfully on completed

quarter, launched the multiple for devices. transcoding our OTA newly in announced we During wins chips

device. XXXX AirTV the the of The in Pixelworks was with and first these OTA incorporation of streaming AirTV wins XCode

air enables TVs AirTV the a format Following real-time channels MaxLinear, Dual-Lite with of in of over officially bitrate they which mobile more this to to selected AirTV integrate seamlessly streamlined which internet and OTA solution available was stream, the Tablo TV to DVR. solution solution a Sling adjustable native Pixelworks announced format. also as channels Nuvyyo's we devices powerful efficient MPEG-X single OTA soft new Then well the advanced wireless the the HD connected with At H.XXX XCode core OTT our streaming May devices. year, transcoding last app. the to collaboration AirTV ability is by in OTA its streaming XXXX Unique of the in streaming launch launched channels dual late free enables

In Both advanced generation or in devices. are with OTA continue simultaneous technology promote addition Ethernet and WiFi aggressively advances ecosystem point lower OTA in OTA with at Tablo of and players these device recording a for performance new functionality key AirTV to of storage. both meaningful device usability, OTA channels expandable HD connection, we a simplify enabler this the Pixelworks to two of over price the the streaming transcoding built-in and devices. other functionality to represent and OTA streaming solutions offers And in streaming other customers either consumers. is next further innovation work Tablo

announced Networking recently close one with of Pixelworks for new Qualcomm Platform. of OTA the collaboration As availability these upon this incorporating example streaming networking this technology in Developing and solution based connectivity, manufacturers DTV of efforts, live Mesh an technology. innovative networking OTA we've streaming offering capability, leveraging Qualcomm's compelling HD transcoding in leader of advanced a Mesh Pixelworks products Mesh provides features with of built-in wireless video combination hardware

opportunity to of in OTA networking a manufactures were long-term Mesh for The growth Pixelworks. We at June. shown solution equipment this represents believe first Computex compelling commercial demonstration perspective

standard this new rollout called The ADSB-T to consumer HDR and is devices. markets of to Our and transition be advanced advanced expected scheduled standard go of a other over-the-air incorporate generation anticipated Japan. this upgrade specifically positioned quality. XCode transcoding focus supports next delivery and are the SoCs these new Today broadcast of year decoding in broadcast of video continues primary to Japan's of our electronics area customer TV to to live their programs targeted in well is in in on we're meaningful December terrestrial within which result ADSB-T in at family in Many programs cycle. multiple XK Japan

to full planned top as of As equipment PVR processors are need advantage this that quality consumers a a XCode product currently our number technology. leverage significant later the will transcoding backlog Both combination set will had ADSB-T's signal. and in take higher advance product to of devices. year. TVs new XK especially launches to of advanced customers existing existing Japanese order launches These compatible boxes broadcast We for decoding in as well Pixelworks of purchase of have converter expected which those include

we business As beginning ramp initial video ViXS business. following our of also look our shipments we a wins accretive existing to the of with commitment anticipate delivery actions our for of third delivery the in to support expect an EPS growth customer prior as in in our of acquisition the quarter we streamline to the drive our XXXX. sequential quarter, in Consistent to previous programs video third result

the our second across metrics we Now definitive several initiative turning mobile, mobile during quarter. progress to on made

up highlighted was our small XX% Although BlackShark support revenue follow-on base consisted of revenue primarily XX% Mobile the and grew on a call. and quarter in from a smartphone gaming sequentially year-over-year. mobile which we orders admittedly Xiaomi previous from

As features production XXXX ROG Color builds well XXXX Hertz incorporate Republic XXX% first Xth Generation Pixelworks DCI-PX as ASUS smartphone. rate. orders also the associated with Processor. smartphone a ASUS has Iris and Gamut ROG initial ROG is launched for resolution over to XX Wide Gamers' of or that the The inventory phone AMOLED by refresh display

Iris All processor. of mobile on which leveraging Pixelworks rely

available be to Europe in also play optional and Generation docking to of months. incorporates ensure to expanded for an and In unique accessory external and expected on aspect and accessory is Asia regions Another later this additional phone image in ROG select Xth availability purchase month starting displays. games and Dock equivalent view ASUS The is Iris in this video smartphone TwinView the this followed coming by our quality. markets markets

As specifically been BlackShark evidenced Xiaomi emergence a targeted for by ASUS of our there recent wins gamers. ROG in has and smartphones

capturing create as is unit smartphone to will compete avid identify market We sub-segments drive segment on based dynamics mobile for established global volume share. based differentiated gamers. OEMs in in new incremental growth dependent broadly to many prefer OEMs are defined which competing price. plateaus advantageous of market market such market performance to or increasingly Pixelworks. the for features on These Moreover, this of that believe OEMs is and our more the a to targeted oppose purely compete upon as belief As

and Pixelworks nemec In well processing across we're seeing increased as growing on advanced displays as as our and applications video OLED technology. including engagement high fact in [ph] placed display such bezel-less quality being leading interest industry capabilities customer emphasis existing focused

announce over the in further they that to increase currently experienced we are customer recognize to status largest upon since and second as convert engagements wins That existing of number of customer growth quarter Iris. It's being We of another expect said, few of multiple we to active this an half in and shipments such during process mobile pipeline important our overnight. engagements again we quarter expanded programs quarter new programs based revenue notable we our mobile second programs, to interest number increase the last have anticipate new the the active the being don't able Following of and sequential third quarters. collective of and launching in and year. the customers the with

we particular China a Lastly Department during our prudent to OEM customer with Commerce. having quarter first was trouble of acknowledge call, US felt conference was indirectly it that

we last think familiar with I associated since conference the our headlines are call. all

encouraged my respective update. products. a and delivery With until to I and across both as going their and what any we're any with [indiscernible] the we're we would quarter publicly engagement notable remarks, To wins or our So further Undoubtedly progress prepared deferring customer handle customer. after strong programs highlighted video businesses. reengaged was updates comments by laughing respective by customer that want this resolution customer out a to now second going new brief appears mobile launched we're close other growth be to this our has provide actively a said, forward by

continuing proposition for of in demand stated validation Pixelworks importance in consumption which I've of processing display As increasingly display. value enhancing advance high market of is past, provide in Pixelworks. trends to for and among Which the quality image a solutions? further direction turn consumers is the the are Video video move technologies. need the of and All

being we've expanded focused engagements. of customer more our team program new on customer pipeline our and have selective As with engagements

also believe quality existing we the we've increased our result pipeline. a As of

to current the Looking new across sequential third video the growth second of the year. include multiple delivery half expect our and during projector, announcement the quarter, to wins mobile, mobile. expectations of we Specific

to video to our business contributing I'll Steve quarter financials guidance Steve? improving profitability. be in over that, the review and third our quarter. begin for and anticipate more turn we detailed our second the With our of third to the call quarter accretive Additionally for delivery

Steve Moore

digital reflected mobile the support growth quarter launches in processor new at million which Todd. projector of customers. Thank you, XXXX multiple Iris our combination for Revenue business and was of the smartphone shipments of in seasonal $XX.X second expanded

For second was of was More million was was quarter in end-of-life second of $XX.X million. of during $XX.X projector follows; revenue revenue in was of XXXX comparison, revenue. and video legacy the $X.X million $X.X approximately breakdown $XXX,XXX XXXX digital and as approximately The revenue revenue was which the quarter revenue from included first delivery million the from million. product $XX.X quarter

$X.X second Additionally, million panel were products was on first and the income per to a second million TV $XX XXXX. We of the legacy the in of margin $X share second net quarter in non-GAAP was net share EBITDA of large XXXX. $X.XX of $XX,XXX the quarter or million to second million the quarter basis XX.X% in compared customer. net of to in the R&D expenses second non-GAAP sold. $X.X A breakeven the reconciliation of quarter XXXX compared loss quarter per XXXX with quarter of of compared prior and gross $X.X and the GAAP $XXX,XXX to loss we our XXXX operating associated reflected first $X.X $XXX,XXX reported $X.X in and quarter and or with XXXX million XX.X% a the in million in in XX.X% XXXX adjusted quarter XXXX of share diluted breakeven of second in recognition or of the compared in recorded the both the of XXXX. found first of second quarter second a per income XXXX $X.X on offset release. and million million of approximately the net projector of in XXXX project the to XXXX. approximately expenses income basis EBITDA quarter in in Operating the Non-GAAP Adjusted second co-development quarter of non-GAAP diluted first of quarter quarter of in maybe profit today's XXXX press to quarter of Non-GAAP million

of of reflecting to Moving outstanding decrease the compared first the cash, second sales and debt metrics we at at quarter the $XX.X XXXX half $X.X days Other remaining compared XX.X we of end in the the used from acquired as XXXX. short-term with balance turns ViXS convertible XX second end prior days quarter. well balance XXXX end million XXXX. cash times operations part during of million, first cash sheet of quarter the XX that with day investments of quarter in reflecting approximately payoff sheet, all times ended as a included of Inventory of the equivalents to XX quarter the as during were the

for guidance the of Our follows. is quarter XXXX third as

$XX be to in range million We of expect million. and between revenue the $XX

non-GAAP and expect We of profit XX% gross between margin XX%.

project projector in the for related between for our For large $X.X we share customer. to co-development million to to to operating diluted operating Note million With range $X.XX range the call $X.XX and we expectation digital third basis. between quarter expenses our be of a open positive finally, XXXX expect And non-GAAP approximately third earnings per expect of with share. questions. your in that, $X.X now include expenses, quarter anticipated offsets million of the per non-GAAP third the a R&D recognition on $X.X we the and quarter

Operator

ROTH Instructions] Capital. question Suji our first comes Desilva [Operator from with

is now line Your open.

Suji Desilva

might end how here. many a the, some wrapping how it sounds of On of contributing the quickly coming toward be Can the to like XXXX the get roughly then talk field here. you mobile up now? rest about have And side, announcements sense the of the to revenue contributing you're comes you revenue customers on are how many

Todd DeBonis

Suji, for what question. the about We'll thanks talk happened.

to You get probably of know on I'm ahead telling customers not going going the to what's you happen.

some then with their what ramping trailing new had we ASUS phone. in contribution happened, think was contribution Xiaomi probably ASUS from still the was and from up We small So had major BlackShark. projects I QX revenue

Suji Desilva

the well? adoption going smartphone Okay, looking the traditional is gaming - or mix as helpful. And then coming you of do to see that's smartphone ahead stay phones

Todd DeBonis

Our engagements based. are broad

So I are most say very us the would right? put flagships in interest people expensive to trying who with initial display,

Suji Desilva

Right.

Todd DeBonis

designs are time the flagship lead design. longest most And

up Somebody from it's to take months. it Korea, flagship will like finally out probably their what design two put to interest pipeline, visual gaming strong. of what display when The China to XX they XX last product. in accelerating in in the sort experience announce they XX picked at in next-generation the it to and In years something put even the least and that's then identify XX like decide the to they the have and It in is months. in seems differentiation in is it's market

in but a in of very lot to. our not to like they they get would we So technology all a well put many cases, want segment. in questions, interest cases It's small

can even today not But seen certainly that difficulty] [technical and see production not for within phones. of and they're months. dozen guess but are renewed mid-tier that are to six interest phones, you'll phone. state-of-the-art gaming you we've they're with, AMOLED poor in level displays My in to a the displays not maybe they're in a see, the is improve way identify You'll five considered probably four eight looking

it's So all question, to back three. what are your to seeing we it's get area interest really,

Suji Desilva

can Okay out the maybe in envision your you leverage technology, you table ones this that of answer, smartphone of kind for with stakes for kind there, category? not and gaming just question you difficult a are that marketplace does that the compete would think to do but your

Todd DeBonis

went I Razer themselves the phone they we're displays, first that display out I phone, the and robust gaming in segment. which not with our bring display BlackShark will we're they high some you'll of put that inside But I wish to Hertz XXX believe the displays and came stakes that in rate wouldn't display I'm become very processing go the us overtime that phone, to not see were things I the did a table but and say was used gaming doing, say differentiate rate to frame today guy both ASUS but table they they try out technology high definitely use advanced stakes, would do. I wouldn't, and case. No to advanced do that frame

Suji Desilva

the mid The in remind Can Steven. have question the trend in Okay about for of for higher. and puts kind maybe even been? XXs margin of low-to-mid margin gross drivers here the you margin and talk what then of last and was ago XXs perhaps expectations Thanks. year long-term in us gross the takes the and gross

Steve Moore

Sure, We the this of little were expectations XXs. of below for consistent this consistent are XX XX our the sort that our entirely to time mid with mix. year, of middle and related or sort between the guidance a

allow will a believe margin. XXXX we was difficulty] a forward us in going QX very year the within closer so to some of mix, be or [technical our ago, mix range. Our high it of Again difficulty] to [technical

we a of things, projector that projector the [technical video be that But and in line growth fact a reason strength things margin products have drag currently have do [technical will the are or couple to somewhat mobile mobile will of two them our happen. a on difficulty] for as lower we of both those bring we depend have our lot contribution Going and would that gross business working gross margin we're forward, our very hard with which to believe the mobile to and of expect a of to at difficulty]. one

mobile. is offsetting our Additionally in did business see the above we delivery which growth any it drag help slightly projector also video from in

well what the the works last for think half should I of current the guidance people For expect. XXXX,

Suji Desilva

the guys. for thanks color Okay, Steven. Thanks

Operator

our Craig-Hallum. And comes Thank with question from you. Richard next Shannon

Your line open. is now

Richard Shannon

can market you your my of also call view current first Todd kind your and question last year sure with flat believe state of position market? here that's caught I'm I inventory being if Just talked and off. on market was comments you this chips I the the [indiscernible] what the still directly about clicking think the because not customers But projector in your line you up new and

Todd DeBonis

pipeline the all. good of leaned checks, not have product consistent I don't but inventories, do up, to what view difficulty] abnormal reasonably is the with Current access still they're We in our they're market they're to flat checks have inventory end we that. pattern think [technical at through good, the is order we manufacturing

So expect - I major difficulty]. [technical don't to of kind any

Richard Shannon

answer should rate faster you growth and growing the about question is look market Pixelworks flat good I'll and on having guess flat a the year Okay than part to of very there therefore into flat, least projector reason think couldn't that obviously we share excluding But any follow-up year-on-year market. a EOL's. you're gain projector be as Todd And as continuing next that at the first why and well. the topic,

Todd DeBonis

things all really it, a They migratory [technical little there a I've called shine haul it's big these then the units. but could wall. is for Right pico from in $XXX you now might we're them, would but seen has inside event they're some for unit as growth that $XXX, rest just sub in fairly that of them. you you to DLP the with right? There's the projector the it's real [technical and know the participate today low participating based units it there people market, market, - around The the LCD instead Predominantly to in [technical some have the XXXX maybe couple beyond XXX,XXX ASP difficulty] is of in don't flat And way sales looking market China of Where lumen. and see not there say selling flat. fairly contraction side. this Pico truly is market hauling lower is increase an the around TV. XXXX. and and workforce low years And segment is off difficulty] screen the or when with around to of projectors media we're and grow they're probably predominantly it years XXX,XXX probably projector modeling projectors World I of TV basis of a some Cup difficulty] we're less processing unit growth, the as That at after one like Projectors in in in or Olympics Pico they're you projector a could them the down, see a

So if I projector business was model I our wouldn't modeling growth.

Richard Shannon

perfect. I getting the if Okay, business, talked very out perhaps any wins there. exist providing expected and video might early talked to large you for Apple wondering about Wondering in potential faster helpful. with of players That's signaling Question Todd. OTA. characterize accelerating more delivery the couple this that could your this any other opportunities that's you. market know and CEO you week about kind size previously opportunity big [indiscernible] of these if and than

Todd DeBonis

lot a right. discussion, There's of

So I'm bullish.

this the traditional that look linear to put they something the trend where favor and in and absolutely XX accelerating is they be or have will XX you people million quote say out year, the in TV Mr. on, been And like leaning piece maybe say are If it recently XXXX this eMarketer household, is Cook to not trends up that people will of do cord-cutting. year alone million Pay and at American the they XX cord-cutting accelerate expect this. this timeframe quoting a have and lot is of this and was PR was a that

already go to services only of DVR antenna phones that are are very only tablets many handful of it or their not them actually them and those convert taking adding of high content, and over-the-air will are in it want or at -- and many house both cord outside how And content. customers of streaming our content. Now they're free TVs what cutters stream with a But devices or stream to multiple quality that's to supplementing the it, targeting.

for AirTV we the We previously million the of XX as were how of that channels. it's started absolutely I capability accelerates those the all believe portion market. cord-cutting very these a have that Tablo of believe ASPs are devices on advance of segment So units. households over-the-air customers want amount type this small And millions as sell a say off It's will and let's low towards the these to we very targeting the number, of - that and free though many as the market. double it the in directing digits. get antennas

small our us, for growth, we're over a have years the we on really TAM for to And a an we for have competition. of million eight don't transcoding impact next the us significant. company So it's any several profound solutions, based having area to units five is

Richard Shannon

Are comments those for in about fourth at scheduled one Appreciate in investment perfect. other quarter from payments the beyond. third believe. the number loaded Okay, be quarter look we happening offset should should a talked Todd. I quarter think in R&D I of fully horizon May kind you third last that question Steve. the we R&D there the pass any Steve be thinking about and or co-development

Steve Moore

be recognize milestone So the able the the and million. is is in QX to to last we'll The $X.X that at approximately was early credit. full amount least the the invoice contract credit, in on to achieved quarter milestone $X recognize that allowing us million. The credit full

will recognized you this. contracts know. if be of not but So nature, other there's we in another certainly let But don't not $XXX,XXX that We that one, would piece that would have that another QX of last we did, enter into the we so be would probably QX. any

Richard Shannon

thanks me. Thanks all Steve, Todd. Perfect, from questions the that's

Operator

Anderson Company. question from our Charlie Dougherty next [Operator and Instructions] comes with

Your is open. line now

Charlie Anderson

that your a more see, I I got some accessory there. a gaming docks so you solutions these and was contemporary I mobile high then curious had see device On we would you if you than and content phones sort could that of see accessory the dock wonder dozen or traditionally expect highlighted to maybe also follow-up.

Todd DeBonis

do difficulty] and phone is with phone back, comes - There ROG accessory a take it piece one to [technical the many accessories. that's it's sold it. The rich I as is package. a maybe And The looking bundled optional that station there is don't docking a ahead external would I difficulty] going not viewing a on market. to to Iris of be the high huge and to using they're that's myself. want technology. I be approach using Charlie, they [technical it don't I'm - get of know,

You that I avid platform. targeting is that but of a avid on the market mobile never are know, segment gamers, gamers think this

it's PC, they're mobile have difficulty] about really contributor. it I to a with it's experience big the right? think experience, The I'm, a interesting, [technical a end different right? gaming think nuance, docks. being is the I monitor, I a a very mobility planning no being going on The not gaming on phones think probably they're but not if So high piece, themselves but I'm it's

Charlie Anderson

it, Got OTA, and delivery that just an out side, of the how then year. opportunity with about Japan, expect rest I to there, do set know talked of wonder other I pieces on you business box. was the top had in And okay. you that's you some see growth curious the some video there I'm playing

Todd DeBonis

but They new their trial for years for the they've on two you it to the XK, to probably get year, it's broadcast while, had the end is million That's a individuals either saw have maybe this delivery Japan out PVR of of for a business development working need been reason would Japan's signal, that is it's sold TVs out the high XX also QX or XK do the they Blu-ray we the these HDR boxes. say them standard advanced record starting will an store of also that there in there's can't the expected This completely but have HDR Japan now access not Definition growth from that to work this tuner are is last the starting by what's they're a need This these really been, as prepared that because ADSB they a will in the on. lack channels But the, a [indiscernible] which driving XK Ultra and as HDR. come box, you the December. that them live converter is remarks And be right ADSB my sequential There's - approximately long an to are clear. to was probably capable, ADSB and your come very become these expectations receive good we'll people is content. in to question but TVs can will content nuance didn't to which a they're really I High OTA, probably go the lot this they majority converter new availability. just bought can unique growth introduced XXXX. capabilities ADSB rip when through on There's system. disc box drive, they're broadcast for be why mean accentuate content have video we of time the for would Japan released I has for a that TVs. It's with right that in

do a So as that rights good do two the they the in we segment long player to as can market. market it. with they top This have some is want design of wins

difficulty] both and several converter And these so we box the is the [technical segment. expect PVR the for over of upgrades opportunity us in years next

into million etc. subsided HD [technical transitioning you down run rate the ago year get the to don't in, about they tune clearly they opportunity catalyst initial to them, no eight for curve people PVR is was from peak real our will It into the the upgrade when stocking of there a trying prepared the the features exist big of some Japanese and say be drive but There demand. many homes to to getting partners standard a refreshing the it's of This advanced is and them. year, they're with shipped we're how sort this ahead that have PVRs broadcast of cycle. stable know that come If I and go out a catalyst. a new million market. but to think two I since out market difficulty] decade was orders

Charlie Anderson

so Thanks it. Got much.

Operator

would over the Thank not management at And remarks. this now time. turn any back I'm further any like showing questions further to you. to I call for

Todd DeBonis

and initiatives growth in the of delivery. on mobile on continuing video So progress our journey making

in the revenue, giving Look positive. go going Get and are all months. our they're stretching three to the QX the the definitely very think update customers business so, forward you release I the we and resources is of delivery get right company into to corner, indictors video mobile turned but them. now need another now to engagements the convert accretive in to and we've are

Operator

program day. Everyone in you wonderful today's thank Ladies disconnect. for does you and conference. This today's all participating a may gentlemen, and conclude have

Pixelworks (PXLW) 2 Aug 182018 Q2 Earnings call transcript