NETGEAR INC

For the period ended Jun 30, 2024. Filed Aug 2, 2024.

About this filing

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.

Jun 30, 2024 · Filed Aug 2, 2024

NTGR$19.63-2.4%Stored close · as of Nov 10, 2026

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Contents

Unaudited Condensed Consolidated Statements of Operations

(In thousands, except per share data)

	Three Months Ended		Six Months Ended
	June 30, 2024	July 2, 2023	June 30, 2024	July 2, 2023
Net revenue	$143,900	$173,413	$308,486	$354,321
Cost of revenue	112,077	119,113	228,426	239,639
Gross profit	31,823	54,300	80,060	114,682
Operating expenses:
Research and development	19,851	20,831	40,078	42,965
Sales and marketing	29,757	32,482	60,286	66,361
General and administrative	19,186	16,536	37,253	32,772
Litigation reserves, net	8,200	—	8,230	—
Restructuring and other charges	1,688	2,229	2,720	2,337
Total operating expenses	78,682	72,078	148,567	144,435
Loss from operations	(46,859)	(17,778)	(68,507)	(29,753)
Other income, net	2,713	7,999	5,563	9,405
Loss before income taxes	(44,146)	(9,779)	(62,944)	(20,348)
Provision for (benefit from) income taxes	1,029	(1,192)	881	(2,049)
Net loss	$(45,175)	$(8,587)	$(63,825)	$(18,299)
Net loss per share
Basic	$(1.56)	$(0.29)	$(2.19)	$(0.63)
Diluted	$(1.56)	$(0.29)	$(2.19)	$(0.63)
Weighted average shares used to compute net loss per share:
Basic	28,883	29,319	29,136	29,170
Diluted	28,883	29,319	29,136	29,170

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.