MaxLinear, Inc. Announces Fourth Quarter and Fiscal Year 2015 Financial Results

(in thousands, except per share data)
  Years Ended December 31,
  2015  2014
GAAP cost of net revenue$144,937  $51,154 
Stock based compensation(213) (131)
Performance based equity(256) (28)
Amortization of inventory step-up(14,244)  
Amortization of purchased intangible assets(4,202)  
Impairment of production masks(153)  
Non-GAAP cost of net Revenue125,869  50,995 
GAAP R&D expenses85,405  56,625 
Stock based compensation(11,739) (9,686)
Incentive award compensation(1,466)  
Performance based equity(4,032) (1,944)
Amortization of purchased intangible assets(405) (45)
Severance charges(862)  
Restricted merger proceeds and contingent consideration(834) (139)
Non-GAAP R&D expenses66,067  44,811 
GAAP SG&A expenses77,981  34,191 
Stock based compensation(5,744) (5,191)
Incentive award compensation(106)  
Performance based equity(2,086) (1,330)
Amortization of purchased intangible assets(24,989)  
Acquisition and integration costs(5,362) (242)
Restricted merger proceeds and contingent consideration(129)  
Severance charges(456)  
IP litigation costs, net(1,460) (3,186)
Non-GAAP SG&A expenses37,649  24,242 
GAAP restructuring expenses35,686   
Impairment losses(21,600)  
Restructuring charges(14,086)  
Non-GAAP restructuring expenses   
GAAP income tax benefit(575) (1,704)
Release of valuation allowance due to net deferred liability acquired1,757  2,335 
Non-GAAP income tax expense1,182  631 
GAAP net loss (42,331 )   (7,041 )
Total Adjustments (112,667 )   (19,587 )
Non-GAAP net income 70,336     12,546  
Shares used in computing non-GAAP basic net income per share 53,378     36,472  
Shares used in computing GAAP diluted net income (loss) per share 53,378     36,472  
Dilutive common stock equivalents 1,962     2,418  
Shares used in computing non-GAAP diluted net income per share 55,340     38,890  
Non-GAAP basic net income per share $ 1.32     $ 0.34  
Non-GAAP diluted net income per share $ 1.27     $ 0.32  

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »

Review Article Be the first to review this article
Featured Video
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
ICScape: At the Junction of Math & CS, EDA & IP
Peggy AycinenaIP Showcase
by Peggy Aycinena
Arm Momentum: Segars embraces exciting times
More Editorial  
Senior SW Developer for EDA Careers at San Jose, CA
Technical Support Engineer EU/Germany/UK for EDA Careers at N/A, Germany
REVISED***Director Product Line RF/IC for EDA Careers at San Jose, CA
Upcoming Events
“Empowering Leadership with WIT and WISDOM” at SEMI 673 South Milpitas Blvd. Milpitas CA - Nov 28, 2017
Artificial Intelligence and Convolution Neural Networks Discussion at San Jose State University Student Union Theater San Jose CA - Dec 4, 2017
Silicon Valley's Only Comprehensive Embedded Systems Conference at San Jose Convention Center 150 W. San Carlos St. San Jose CA - Dec 5 - 7, 2017
Oski Technology’s Decoding Formal Club Meeting at The Conference Center San Jose CA - Dec 7, 2017

Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+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