Last10K.com

Maxlinear Inc (MXL) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

Maxlinear Inc

CIK: 1288469 Ticker: MXL

Exhibit 99.1

LOGO

FOR IMMEDIATE RELEASE

MaxLinear, Inc. Announces

Fourth Quarter and Fiscal Year 2013 Financial Results

$31.6 Million Fourth Quarter Revenue Grows 27 percent Year-over-Year

Carlsbad, Calif. – February 6th, 2014

– MaxLinear, Inc. (NYSE: MXL), a provider of integrated, radio-frequency (RF) and mixed-signal integrated circuits for broadband communications applications, today announced financial results for the fourth quarter and fiscal year ended December 31, 2013.

Management Commentary

“We are pleased to announce that in the fourth quarter, we realized near-record revenue of $31.6 million, which represents solid growth of 27 percent year-over-year in a quarter in which we typically experience seasonality. These results successfully bring to conclusion a year in which we delivered annual growth in revenue, and positive cash flow from operations of 22 percent and 71 percent, respectively,” commented Kishore Seendripu, Ph.D., Chairman and CEO. “Our revenue growth in 2013 reflected continued momentum in Cable across both DOCSIS 3.0 modem and Media-Server gateway applications along with a return to year-on-year growth of our terrestrial revenues driven by share gains in hybrid television. Furthermore, in 2013, we gained early evidence of potential gains in the Satellite TV market from the successful launch of a broad family of technology leading solutions, and the realization of our first Satellite TV revenues. We believe that Satellite TV applications represent an exciting new addressable market growth opportunity for MaxLinear.”

Generally Accepted Accounting Principles (GAAP) Results

Net revenue for the fourth quarter of 2013 was $31.6 million, a decrease of 1 percent compared to the third quarter of 2013, and an increase of 27 percent compared to the fourth quarter of 2012. Gross profit for the fourth quarter of 2013 was 61 percent of revenue, compared to 62 percent for the third quarter of 2013, and 63 percent for the fourth quarter of 2012. Gross profit for the fourth quarter of 2013 was negatively impacted by approximately 100 basis points for charges related to an inventory reserve taken for some end of life legacy Terrestrial products.

Net loss for the fourth quarter of 2013 was $2.6 million, or $0.08 per share (diluted), compared to net loss of $4.9 million, or $0.14 per share (diluted), for the third quarter of 2013, and net loss


The following information was filed by Maxlinear Inc (MXL) on Thursday, February 6, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Maxlinear Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Maxlinear Inc.

Continue

Assess how Maxlinear Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Maxlinear Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2014 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

Tools

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets (unaudited)
Consolidated Balance Sheets (unaudited) (parenthetical)
Consolidated Statements Of Comprehensive Loss
Consolidated Statements Of Comprehensive Loss Consolidated Statements Of Comprehensive Loss (parenthetical)
Consolidated Statements Of Operations
Unaudited Consolidated Statement Of Stockholders Equity (deficit) Statement
Unaudited Consolidated Statements Of Cash Flows (unaudited)
Balance Sheet Details
Balance Sheet Details (tables)
Balance Sheet Details - Accrued Expenses (detail)
Balance Sheet Details - Amortization Of Company's Intangible Assets (detail)
Balance Sheet Details - Deferred Revenue And Deferred Profit (detail)
Balance Sheet Details - Intangible Assets (detail)
Balance Sheet Details - Inventory (detail)
Balance Sheet Details - Property And Equipment (detail)
Balance Sheet Details Balance Sheer Details - Cash And Investments (details)
Balance Sheet Details Balance Sheet Details- Accrued Price Protection Liability (details)
Commitments And Contingencies
Commitments And Contingencies Commitments And Contingencies (tables)
Commitments And Contingencies Commitments And Contingencies - Future Minimum Annual Paycommitments And Contingencies - Future Minimum Annual Payments Under Non-cancelable Operating Leases, Other Obligations And Inventory Purchase Obligations (details)
Commitments And Contingencies Commitments And Contingencies-additional Details (details)
Employee Retirement Plan Emplouee Retirement Plan
Financial Instruments
Financial Instruments (tables)
Financial Instruments - Additional Information (detail)
Financial Instruments - Composition Of Financial Instruments (detail)
Financial Instruments - Financial Instruments Measured On Recurring Basis (detail)
Income Taxes (note)
Income Taxes - Additional Information (detail)
Income Taxes Income Taxes (tables)
Income Taxes Income Taxes - Components Of Deferred Income Tax Assets (details)
Income Taxes Income Taxes - Components Of Income (loss) Before Provision (benefit) From Income Taxes (details)
Income Taxes Income Taxes - Components Of Income Tax Provision (benefit) (details)
Income Taxes Income Taxes - Effective Income Tax Rate Reconciliation (details)
Income Taxes Income Taxes - Summary Of Changes To Unrecognized Tax Benefits (details)
Net Income (loss) Per Share (tables)
Net Income (loss) Per Share - Additional Information (detail)
Net Income (loss) Per Share - Summary Of Basic And Diluted Earnings Per Share (detail)
Net Loss Per Share
Organization And Summary Of Significant Accounting Policies
Organization And Summary Of Significant Accounting Policies (policies)
Organization And Summary Of Significant Accounting Policies - Additional Information (detail)
Organization And Summary Of Significant Accounting Policies Organization And Summary Of Significant Accounting Policies (tables)
Organization And Summary Of Significant Accounting Policies Significant Accounting Policies - Customers Greater Than Ten Percent Of Net Revenue (details)
Organization And Summary Of Significant Accounting Policies Significant Accounting Policies - Products Shipped To International Destinations Representing Greater Than Ten Percent Of Net Revenue (details)
Organization And Summary Of Significant Accounting Policies Summary Of Revenue And Accounts Receivable Concentrations From Significant Customers (details)
Schedule Ii - Valuation And Qualifying Accounts Schedule Ii - Valuation And Qualifying Account (notes)
Schedule Ii - Valuation And Qualifying Accounts Schedule Ii - Valuation And Qualifying Accounts (details)
Selected Quarterly Financial Data (unaudited) Selected Quarterly Financial Data (note)
Selected Quarterly Financial Data (unaudited) Selected Quarterly Financial Data (tables)
Selected Quarterly Financial Data (unaudited) Selected Quarterly Financial Data-additional Information (details)
Stock-based Compensation And Employee Benefit Plans
Stock-based Compensation And Employee Benefit Plans (tables)
Stock-based Compensation And Employee Benefit Plans - Additional Information (detail)
Stock-based Compensation And Employee Benefit Plans - Fair Value Of Stock Options (detail)
Stock-based Compensation And Employee Benefit Plans - Stock-based Compensation (detail)
Stock-based Compensation And Employee Benefit Plans Common Stock Reserved For Future Issuance (details)
Stock-based Compensation And Employee Benefit Plans Fair Value Of Employee Stock Purchase Rights (details)
Stock-based Compensation And Employee Benefit Plans Summary Of Restricted Stock Units And Restricted Stock Award Activity (details)
Stock-based Compensation And Employee Benefit Plans Summary Of Stock Option Activity (details)
Ticker: MXL
CIK: 1288469
Form Type: 10-K Annual Report
Accession Number: 0001288469-14-000003
Submitted to the SEC: Thu Feb 06 2014 6:14:43 PM EST
Accepted by the SEC: Fri Feb 07 2014
Period: Tuesday, December 31, 2013
Industry: Semiconductors And Related Devices

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/mxl/0001288469-14-000003.htm