MAXLINEAR INC
For the period ended Dec 31, 2023. Filed Jan 31, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Jan 31, 2024
MXL$55.91+13.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in thousands, except per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Net revenue | $693,263 | $1,120,252 | $892,398 |
| Cost of net revenue | 307,600 | 470,483 | 396,566 |
| Gross profit | 385,663 | 649,769 | 495,832 |
| Operating expenses: | |||
| Research and development | 269,504 | 296,442 | 278,440 |
| Selling, general and administrative | 132,156 | 168,008 | 149,943 |
| Impairment losses | 2,438 | 2,811 | — |
| Restructuring charges | 19,786 | 2,265 | 2,204 |
| Total operating expenses | 423,884 | 469,526 | 430,587 |
| Income (loss) from operations | (38,221) | 180,243 | 65,245 |
| Interest income | 6,053 | 245 | 78 |
| Interest expense | (10,702) | (9,768) | (12,996) |
| Loss on extinguishment of debt | — | — | (5,221) |
| Other income (expense), net | (20,940) | 3,478 | 764 |
| Total other income (expense), net | (25,589) | (6,045) | (17,375) |
| Income (loss) before income taxes | (63,810) | 174,198 | 47,870 |
| Income tax provision | 9,337 | 49,158 | 5,901 |
| Net income (loss) | $(73,147) | $125,040 | $41,969 |
| Net income (loss) per share: | |||
| Basic | $(0.91) | $1.60 | $0.55 |
| Diluted | $(0.91) | $1.55 | $0.53 |
| Shares used to compute net income (loss) per share: | |||
| Basic | 80,719 | 78,039 | 76,037 |
| Diluted | 80,719 | 80,852 | 79,679 |
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