MaxLinear, Inc. Announces Second Quarter 2016 Financial Results


MAXLINEAR, INC.
UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
  (in thousands, except per share data)
 
  Six Months Ended
  June 30, 2016  June 30, 2015
GAAP cost of net revenue$80,289  $57,607 
Stock based compensation(94) (96)
Performance based equity64  (11)
Amortization of inventory step-up(336) (13,286)
Amortization of purchased intangible assets(3,369) (1,052)
Non-GAAP cost of net revenue76,554  43,162 
    
GAAP R&D expenses47,789  39,274 
Stock based compensation(6,199) (5,393)
Incentive award compensation(384) (192)
Performance based equity(2,736) (1,600)
Amortization of purchased intangible assets(244) (212)
Severance charges  (665)
Restricted merger proceeds and contingent consideration(416) (416)
Non-GAAP R&D expenses37,810  30,796 
    
GAAP SG&A expenses30,115  34,564 
Stock based compensation(3,433) (3,024)
Incentive award compensation(101) (7)
Performance based equity(1,382) (895)
Amortization of purchased intangible assets(958) (7,985)
Acquisition and integration costs(1,262) (5,317)
Restricted merger proceeds and contingent consideration(110) 131 
Severance charges  (45)
IP litigation costs, net(659) (991)
Non-GAAP SG&A expenses22,210  16,431 
    
GAAP restructuring expenses2,106  11,389 
Restructuring charges(2,106) (11,389)
Non-GAAP restructuring expenses   
    
GAAP income (loss) before income taxes44,336  (36,549)
Total non-GAAP adjustments23,725  52,445 
Non-GAAP income before income taxes68,061  15,896 
    
GAAP income tax expense (benefit)1,071  (1,180)
Tax impact of non-GAAP adjustments399     (540 )
Record valuation allowance due to net deferred liability acquired     1,933  
Non-GAAP income tax expense 1,470     213  
       
GAAP net income (loss) 43,265     (35,369 )
Total non-GAAP adjustments before income taxes 23,725     52,445  
Total tax adjustments 399     1,393  
Non-GAAP net income $ 66,591     $ 15,683  
       
Shares used in computing non-GAAP basic net income per share 63,056     45,367  
Shares used in computing GAAP diluted net income (loss) per share 67,110     45,367  
Dilutive common stock equivalents     2,281  
Shares used in computing non-GAAP diluted net income per share 67,110     47,648  
Non-GAAP basic net income per share $ 1.06     $ 0.35  
Non-GAAP diluted net income per share $ 0.99     $ 0.33  
               

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10  Next Page »
Featured Video
Jobs
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
Design Verification Engineer for Blockwork IT at Milpitas, California
GPU Design Verification Engineer for AMD at Santa Clara, California
Sr. Silicon Design Engineer for AMD at Santa Clara, California
CAD Engineer for Nvidia 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