Rendering output error for RTC Reports when you use SAVEASPDF

When i try to print a RTC report and choose SAVEASPDF option it was throwing an error which says “Rendering output failed”, i initially  thought the error was happening because of an expression but this was happening on all the reports which is using the logo.

So i exported the current logo and found that the image was in .JPG format, i saved the image as. BMP format and imported back. This time report printed to PDF without an error.