NETGEAR INC

For the period ended Sep 29, 2024. Filed Nov 1, 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.

Sep 29, 2024 · Filed Nov 1, 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		Nine Months Ended
	September 29, 2024	October 1, 2023	September 29, 2024	October 1, 2023
Net revenue	$182,854	$197,845	$491,340	$552,166
Cost of revenue	126,371	128,911	354,797	368,550
Gross profit	56,483	68,934	136,543	183,616
Operating expenses:
Research and development	20,905	20,738	60,983	63,703
Sales and marketing	31,196	30,865	91,482	97,226
General and administrative	8,357	16,364	45,610	49,136
Litigation reserves, net	(100,855)	178	(92,625)	178
Restructuring and other charges	1,072	366	3,792	2,703
Intangibles impairment	—	1,071	—	1,071
Total operating expenses	(39,325)	69,582	109,242	214,017
Income (loss) from operations	95,808	(648)	27,301	(30,401)
Other income, net	3,485	2,280	9,048	11,685
Income (loss) before income taxes	99,293	1,632	36,349	(18,716)
Provision for income taxes	14,219	86,431	15,100	84,382
Net income (loss)	$85,074	$(84,799)	$21,249	$(103,098)
Net income (loss) per share
Basic	$2.96	$(2.87)	$0.73	$(3.52)
Diluted	$2.90	$(2.87)	$0.72	$(3.52)
Weighted average shares used to compute net income (loss) per share:
Basic	28,705	29,524	28,992	29,266
Diluted	29,364	29,524	29,389	29,266

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.