MaxLinear, Inc. Announces Third Quarter 2015 Financial Results


*Share-based bonus plan for the nine months ended September 30, 2015 primarily relates to an accrual related to our performance based bonus plan for 2015 increased by $0.8 million for the accrual of restricted stock unit awards and incentives to be granted to Physpeed and Entropic continuing employees contingent upon continued employment and the achievement of certain 2015 and 2016 revenue milestones.  The performance based bonus plan was partially settled in stock in 2015 with the remainder to be settled in stock in 2016. Share-based bonus plan for the nine months ended September 30, 2014 relates to an accrual related to our performance based bonus plan for 2014, which was settled in stock in May 2015.


MAXLINEAR, INC. 
UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

  Three Months Ended
  September 30, 2015  June 30, 2015  September 30, 2014
GAAP gross profit as a % of revenue53.6% 38.0% 61.2%
Stock-based compensation:     
Cost of net revenue0.1% 0.1% 0.1%
Share-based bonus plan:     
Cost of net revenue0.2% % %
Amortization of purchased intangibles:     
Cost of net revenue1.6% 1.5% %
Impairment of production masks
0.2% % %
Amortization of inventory step-up1.0% 18.8% %
Non-GAAP gross profit as a % of revenue56.7% 58.4% 61.3%
      
GAAP income (loss) from operations as a % of revenue1.8% (45.3)% (9.8)%
Stock-based compensation:     
Cost of net revenue0.1% 0.1% 0.1%
Research and development3.7% 4.3% 7.9%
Selling, general and administrative1.5% 2.4% 4.3%
Share-based bonus plan:     
Cost of net revenue0.2% % %
Research and development1.2% 2.1% %
Selling, general and administrative0.8% 0.8% 0.2%
Amortization of purchased intangible assets:     
Cost of net revenue1.6% 1.5% %
Research and development0.1% 0.1% %
Selling, general and administrative12.7% 11.3% %
Impairment of production masks
0.2% % %
Amortization of inventory step-up1.0 %   18.8 %   %
Acquisition and integration costs %   4.0 %   %
Restricted merger proceeds 0.2 %   0.3 %   %
Change in fair value of contingent consideration %   0.1 %   %
Severance charges 0.5 %   0.1 %   %
Restructuring charges 0.4 %   16.1 %   %
IP litigation costs, net 0.2 %   0.5 %   2.7 %
Non-GAAP income from operations as a % of revenue 26.2 %   17.2 %   5.4 %



« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »
Featured Video
Jobs
GPU Design Verification Engineer for AMD at Santa Clara, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
CAD Engineer for Nvidia at Santa Clara, California
Design Verification Engineer for Blockwork IT at Milpitas, California
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
Sr. Silicon Design Engineer for AMD at Santa Clara, California
Upcoming Events
Phil Kaufman Award Ceremony and Banquet to be held November 6 at Hayes Mansion at Hayes Mansion 200 Edenvale Ave San Jose CA - Nov 6, 2024
SEMICON Europa 2024 at Messe München München Germany - Nov 12 - 15, 2024
DVCon Europe 2023 at Holiday Inn Munich – City Centre Munich Germany - Nov 14 - 15, 2024
SEMI MEMS & Imaging Sensors Summit, at International Conference Center Munich Germany - Nov 14, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise