Maxlinear inc. (MXL)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Net revenue

62,027

70,018

80,020

82,507

84,635

87,627

85,010

101,533

110,827

113,721

113,581

104,175

88,841

87,136

96,324

101,687

102,685

98,949

95,191

70,824

35,396

32,478

32,541

35,592

32,501

31,574

31,765

29,773

26,534

24,830

27,795

24,420

20,683

19,296

17,639

18,094

16,908

18,523

18,176

Cost of net revenue

31,265

33,394

38,116

38,427

39,558

41,727

41,134

45,203

48,159

61,628

61,739

53,071

35,917

36,733

40,820

38,774

41,515

43,189

44,141

43,882

13,725

12,728

12,632

13,346

12,448

12,450

11,934

12,477

9,822

9,189

10,328

9,298

8,267

7,647

6,307

6,659

6,077

5,487

5,471

Gross profit

30,762

36,624

41,904

44,080

45,077

45,900

43,876

56,330

62,668

52,093

51,842

51,104

52,924

50,403

55,504

62,913

61,170

55,760

51,050

26,942

21,671

19,750

19,909

22,246

20,053

19,124

19,831

17,296

16,712

15,641

17,467

15,122

12,416

11,649

11,332

11,435

10,831

13,036

12,705

Operating expenses:
Research and development

25,689

23,467

23,174

24,304

27,399

29,667

29,047

30,211

31,121

30,116

29,270

29,015

23,878

24,035

25,921

24,037

23,752

22,640

23,491

23,993

15,281

14,681

14,957

13,892

13,095

14,737

14,569

12,315

11,511

12,700

10,855

10,995

11,908

10,180

9,456

12,655

7,866

7,298

6,922

Selling, general and administrative

24,632

20,924

21,920

22,327

23,591

25,208

24,963

24,501

27,117

26,843

29,037

31,338

18,613

16,720

17,619

16,505

13,610

17,960

25,457

23,620

10,944

9,601

8,141

8,688

7,761

7,045

9,965

7,768

7,403

7,502

6,167

6,626

6,959

5,887

5,033

4,464

4,832

4,120

4,194

Impairment losses

86

-

0

-

0

-

2,198

-

-

-

2,000

-

-

-

1,300

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring charges

489

159

144

416

1,917

1,737

236

1,865

0

-

2,178

6,546

-

1,326

0

0

2,106

2,272

425

11,389

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

50,896

44,550

45,238

47,047

52,907

56,612

56,444

56,577

58,238

57,759

62,485

66,899

42,491

42,081

44,840

40,542

39,468

64,472

49,373

59,002

26,225

24,282

23,098

22,580

20,856

21,782

24,534

20,083

18,914

20,202

17,022

17,621

18,867

16,067

14,489

17,119

12,698

11,418

11,116

Loss from operations

-20,134

-7,926

-3,334

-2,967

-7,830

-10,712

-12,568

-247

4,430

-5,666

-10,643

-15,795

10,433

8,322

10,664

22,371

21,702

-8,712

1,677

-32,060

-4,554

-4,532

-3,189

-334

-803

-2,658

-4,703

-2,787

-2,202

-4,561

445

-2,499

-6,451

-4,418

-3,157

-5,684

-1,867

1,618

1,589

Interest income

225

222

214

192

147

24

17

19

18

14

1

64

195

146

89

167

170

107

47

51

70

54

61

60

61

52

53

58

59

61

74

82

65

58

63

78

93

106

99

Interest expense

2,476

2,587

2,718

2,853

2,975

3,194

3,473

3,694

3,894

4,043

4,133

2,201

1

-

0

0

-

-

-

-

-

-

-

-

0

-

0

0

4

8

11

15

19

31

32

2

4

6

7

Other income (expense), net

180

-498

1,098

-14

-655

229

39

725

-571

-794

-668

-618

-143

227

10

124

-198

217

407

-22

-34

-44

-49

-18

-12

-9

-77

-44

-73

33

-14

3

-96

-18

-35

-24

-51

-20

-7

Total interest and other income (expense), net

-2,071

-2,863

-1,406

-2,675

-3,483

-2,941

-3,417

-2,950

-4,447

-4,823

-4,800

-2,755

51

-

99

291

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss before income taxes

-22,205

-10,789

-4,740

-5,642

-11,313

-13,653

-15,985

-3,197

-17

-10,489

-15,443

-18,550

10,484

8,591

10,763

22,662

21,674

-8,488

2,131

-32,031

-4,518

-4,522

-3,177

-292

-754

-2,611

-4,727

-2,773

-2,220

-4,475

494

-2,429

-6,501

-4,409

-3,161

-5,632

-1,829

1,698

1,674

Income tax benefit

-6,700

-2,656

-30

-3,400

-6,500

-13,889

-2,100

11,200

-1,864

8,959

-6,276

-29,515

2,021

243

1,084

78

993

56

549

-1,384

204

-2,160

28

320

108

36

155

131

80

106

44

130

61

283

8,227

-836

-681

346

-92

Net loss

-15,469

-8,104

-4,714

-2,229

-4,851

311

-13,935

-14,422

1,847

-19,448

-9,167

10,965

8,463

8,348

9,679

22,584

20,681

-8,544

1,582

-30,647

-4,722

-2,362

-3,205

-612

-862

-2,647

-4,882

-2,904

-2,300

-4,581

450

-2,559

-6,562

-4,692

-11,388

-4,796

-1,148

1,352

1,766

Net loss per share:
Net income (loss) attributable to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,352

1,766

Basic (usd per share)

-0.21

-0.11

-0.07

-0.03

-0.07

0.00

-0.20

-0.21

0.03

-0.30

-0.14

0.17

0.13

0.12

0.15

0.36

0.33

-0.12

0.03

-0.58

-0.12

-0.06

-0.09

-0.02

-0.02

-0.07

-0.14

-0.09

-0.07

-0.13

0.01

-0.08

-0.20

-0.14

-0.35

-0.15

-0.04

0.04

0.06

Diluted (usd per share)

-0.21

-0.11

-0.07

-0.03

-0.07

0.00

-0.20

-0.21

0.03

-0.28

-0.14

0.16

0.12

0.13

0.14

0.33

0.31

-0.12

0.03

-0.58

-0.12

-0.06

-0.09

-0.02

-0.02

-0.07

-0.14

-0.09

-0.07

-0.13

0.01

-0.08

-0.20

-0.14

-0.35

-0.15

-0.04

0.04

0.05

Shares used to compute net loss per share:
Basic (shares)

72,039

71,769

71,366

70,917

69,968

69,209

68,742

68,335

67,674

-

66,712

65,889

-

64,828

64,241

63,470

62,585

62,267

60,644

52,586

38,015

37,525

36,901

36,093

35,369

34,973

34,506

33,748

32,821

32,586

33,316

33,578

33,312

33,070

32,743

32,442

32,037

31,264

31,243

Diluted (shares)

72,039

71,769

71,366

70,917

69,968

66,443

68,742

68,335

70,440

59,502

66,712

69,645

69,149

68,617

67,832

67,520

66,643

59,702

63,209

52,586

38,015

37,525

36,901

36,093

35,369

34,973

34,506

33,748

32,821

31,355

34,547

33,578

33,312

33,070

32,743

32,442

32,037

34,036

34,492