NETGEAR INC
For the period ended Mar 31, 2024. Filed May 3, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 3, 2024
NTGR$19.63-2.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Operations
(In thousands, except per share data)
| Three Months Ended | ||
|---|---|---|
| March 31, 2024 | April 2, 2023 | |
| Net revenue | $164,586 | $180,908 |
| Cost of revenue | 116,349 | 120,526 |
| Gross profit | 48,237 | 60,382 |
| Operating expenses: | ||
| Research and development | 20,227 | 22,134 |
| Sales and marketing | 30,529 | 33,879 |
| General and administrative | 18,067 | 16,236 |
| Other operating expenses, net | 1,062 | 108 |
| Total operating expenses | 69,885 | 72,357 |
| Loss from operations | (21,648) | (11,975) |
| Other income, net | 2,850 | 1,406 |
| Loss before income taxes | (18,798) | (10,569) |
| Benefit from income taxes | (148) | (857) |
| Net loss | $(18,650) | $(9,712) |
| Net loss per share | ||
| Basic | $(0.63) | $(0.33) |
| Diluted | $(0.63) | $(0.33) |
| Weighted average shares used to compute net loss per share: | ||
| Basic | 29,395 | 29,040 |
| Diluted | 29,395 | 29,040 |
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