PIXELWORKS, INCPXLW

PIXELWORKS, INC Segments Disclosure

10-KFiled Mar 13, 20252 min read
SEGMENT INFORMATION
We operate in one segment: the design, development, marketing and sale of IC solutions for use in electronic display devices. We generate our revenue from two broad product markets: the Mobile market and the Home & Enterprise market. The chief operating decision maker, or CODM, is our CEO. The CODM assesses performance for the operating segment and decides how to allocate resources based on net income (loss) that is also reported on the Consolidated Statement of Operations.
The CODM regularly reviews the Consolidated Statements of Operations and a disaggregation of operating expenses, of which the significant expenses are related to employee base compensation. Employee base compensation included in operating expenses was $21,292 and $21,646 for the years ending December 31, 2024 and December 31, 2023, respectively. Other segment items include outside services, depreciation and amortization, non-recurring engineering expense, accounting and legal fees, and other expenses. Other segment items included in operating expenses was $32,350 and $32,699 for the years ending December 31, 2024 and December 31, 2023. The CODM does not regularly review segment assets to make decisions regarding the allocation of resources, and as such the Company has not included assets.
Geographic Information
Revenue by geographic region, was as follows:
 Year Ended December 31,
 20242023
Japan$25,821 $24,083 
China15,937 33,624 
Taiwan729 1,813 
U.S.719 157 
$43,206 $59,677 

Significant Customers
 
The percentage of revenue attributable to our distributors, top five end customers, and individual distributors or end customers that represented more than 10% of revenue in at least one of the periods presented, is as follows:
 Year Ended December 31,
 20242023
Distributors:
All distributors47 %66 %
Distributor A30 %48 %
End Customers: 1
Top five end customers88 %87 %
End customer A51 %32 %
End customer B19 %34 %
1 End customers include customers who purchase directly from us, as well as customers who purchase our products indirectly through distributors.
 
Each of the following accounts represented 10% or more of total accounts receivable in at least one of the periods presented:
 December 31,
 20242023
Account X41 %46 %
Account Y24 %8 %
Account Z17 %33 %

Historical Timeline

Fiscal YearFiled
2024Mar 13, 2025Showing above
2019Mar 11, 2020
2018Mar 13, 2019
2017Mar 14, 2018

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

Other Available Disclosures

Income TaxesRevenueEarnings Per ShareFair ValuePP&ELeasesDebtCommitmentsNew Standards