A Roth analyst asked Pixelworks if its Q3 guidance doesn't include any license/royalty revenue (carries higher-margins). CFO Steve Moore admitted "there is not a large amount" included, and noted the company's IP revenue has been historically lumpy.
CEO Bruce Walicek mentioned Pixelworks began "shipping the mass production version of the advanced SoC for large-screen applications we developed under our co-development partnership" in Q2; some believe Apple is the client.
He added volume production of the company's PA168 video processor continued, and that samples of its Iris mobile video processor were delivered in June.
Q2 gross margin was 51%, down from 60.1% in Q1 due to a mix shift towards chip sales, but in-line with guidance. Q3 GM is expected to be in a 49%-52% range.
Q2 results, PR