Pixelworks, Inc. (NASDAQ:PXLW) Q3 2023 Earnings Call Transcript

Richard Shannon: That’s fair enough. And one last question from me, Todd and I’ll jump on the line on TrueCut. I think last quarter you talked about the opportunity or the likelihood of having some important announcements by year’s end. And I did hear that language from you on this call. You did see you did mention some impact from actor strike. Is that the reason why you didn’t repeat that or just an afterthought and is still something you expect or can you just kind of clarify and verify those past comments are still active and true currently?

Todd DeBonis: I am going to be a little [indiscernible]. Richard, we are actively engaged in some very important dialogues with our TrueCut platform and the technology. I can’t really allude to it any more than that. And I hope something comes out of it. I can’t guarantee as well. I feel very confident. I am convinced for all the interactions we’ve had that it is not [Technical Difficulty] value, absolutely. So, the value proposition we provide for the type of content that we target and then the displays, whether they be premium large-format theaters or devices that really display content in a more immersive way. It is clear to me from all these discussions that the technology is valued. So, I’m at a point now, I don’t believe if this technology will be adopted and when. And so I left – I can’t tell you exactly when.

Richard Shannon: Okay, that’s fair enough and that’s certainly understandable. That’s all for me Todd and Haley. Thank you.

Operator: Thank you. I’m showing no further questions at this time. I’d now like to turn it back to management for closing remarks.

Todd DeBonis: Well, thanks, everybody, for joining the call. Thanks to our analysts for the great questions, and we look forward to continuing to discuss our progress next quarter.

Operator: Thank you for your participation in today’s conference. This concludes the program. You may now disconnect.