Pixelworks Reports Second Quarter 2020 Financial Results


PIXELWORKS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)
    
  June 30, 2020  December 31, 2019
ASSETS   
Current assets:   
Cash and cash equivalents$20,417 $7,257
Short-term marketable securities 992  6,975
Accounts receivable, net 5,925  10,915
Inventories 4,767  5,401
Prepaid expenses and other current assets 1,783  1,689
Total current assets 33,884  32,237
Property and equipment, net 6,138  4,608
Operating lease right of use assets 7,324  5,434
Other assets, net 1,264  1,267
Acquired intangible assets, net 1,955  2,704
Goodwill 18,407  18,407
Total assets$68,972 $64,657
LIABILITIES AND SHAREHOLDERS’ EQUITY   
Current liabilities:   
Accounts payable$1,071 $818
Accrued liabilities and current portion of long-term liabilities   10,972     8,692
Short-term line of credit   4,329     -
Current portion of income taxes payable   219     164
Total current liabilities   16,591     9,674
Long-term liabilities, net of current portion   2,184     982
Operating lease liabilities, net of current portion   5,470     4,212
Income taxes payable, net of current portion   2,272     2,260
Total liabilities   26,517     17,128
Shareholders’ equity   42,455     47,529
Total liabilities and shareholders’ equity $ 68,972   $ 64,657
       

Contacts:

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