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What is Pixelworks's latest dividend and current dividend yield?

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Did Pixelworks beat or miss consensus estimates last quarter?

- **$50-60M Net Proceeds**: Sale of Shanghai subsidiary to VeriSilicon will provide liquidity to pivot to a technology licensing business.
- **TrueCut Motion Momentum**: Credited in four major theatrical releases this quarter, with consumer device licensing discussions nearing completion.
- **Cost Efficiency**: Sequential cash burn reduction to $3 million highlights operational turnaround.
- **Geopolitical Risk Mitigation**: Exit of China-focused semiconductor business reduces exposure to regulatory headwinds.

**【CEO Summary Section】**
- **Proposed Shanghai Subsidiary Sale**: Pixelworks signed a definitive agreement to sell its 78% stake in Pixelworks Shanghai to VeriSilicon for $133 million (RMB 950 million). Net proceeds to Pixelworks are expected to be $50-60 million after taxes, minority obligations, and transaction costs.
- **Transaction Rationale**: The sale aims to unlock value, reduce geopolitical risks in China, and pivot to a pure-play technology licensing business. Proceeds will fund growth in TrueCut Motion and other IP-based solutions.
- **Q3 Financial Highlights**: Revenue of $8.8 million (up 6% sequentially), gross margin of 49.9%, and operating expenses down $3.1 million YoY. Cash burn reduced to $3 million Q3 vs. $7.8 million YoY.
- **TrueCut Motion Progress**: Credited in three new theatrical releases (Jurassic World: Rebirth, The Bad Guys 2, Nobody 2) and set to launch in Wicked For Good on November 21. In late-stage discussions with a strategic partner for consumer device licensing.

**【CFO Financial Commentary】**
- **Q3 2025 Results**: GAAP net loss of $3.8 million (-$0.69 per share), improved from $5.3 million (-$1.00 per share) in Q2. Adjusted EBITDA negative $3.6 million, up from -$4.3 million in Q2.
- **Balance Sheet Strength**: Post-Q3, cash balance was $22 million (half tied to Shanghai subsidiary). Recent $10 million cash inflow from a registered direct offering and patent sale.
- **No Q4 Guidance**: With the Shanghai sale pending, management declined to provide forward-looking financials.

**【Q&A Key Highlights】**
- **Geopolitical Impact**: CEO noted increasing pressure on foreign semiconductor companies in China, with some customers prioritizing local suppliers. However, the sale announcement has already generated new business opportunities for the subsidiary.
- **Transaction Complexity**: 78% ownership sale includes redeeming minority investors who previously held preferred return rights. Withholding taxes and transaction costs reduce net proceeds to $50-60 million.
- **TrueCut Licensing Strategy**: Post-transaction, focus will shift to monetizing TrueCut Motion through device licensing agreements. Late-stage certification with a major ecosystem partner could accelerate consumer adoption.


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