Yahoo: In its delayed Q1 report Pixelplus says it narowed its loss on ever-declining revenues. It looks like the company has quitely made layoffs, otherwise it's not clear how the loss has been reduced.
In an intriguing statement Pixelplus says it sold 1.2 million image sensors and separately "provided approximately 8.2 million image sensors arising from its supply of services to a leading Japanese module maker" in Q1'07. All this resulted in US$4.4M revenue for the quarter.
The gross margin for Q1'07 was roughly 26%, compared to approximately 6% in Q4'2006.
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