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Maxlinear Inc (MXL) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

Maxlinear Inc

CIK: 1288469 Ticker: MXL
Exhibit 99.1
mxla01a01a17.jpg
FOR IMMEDIATE RELEASE

MaxLinear, Inc. Announces Fourth Quarter 2017 Financial Results

Fourth Quarter 2017 GAAP Net Revenue of $113.7 million,
GAAP Diluted Loss per Share of $0.29,
and Non-GAAP Diluted Earnings per Share of $0.38
Carlsbad, Calif. – February 13, 2018 – MaxLinear, Inc. (NYSE: MXL), a leading provider of radio-frequency, mixed-signal and high-performance analog integrated circuits for the connected home, wired and wireless infrastructure, and industrial and multi-market applications, today announced financial results for the fourth quarter ended December 31, 2017.
Management Commentary
“We are pleased to announce the financial results of fourth quarter 2017, which brings to close a very eventful 2017. In the fourth quarter, we delivered GAAP net revenue of $113.7 million and generated $21.7 million of net cash flow from operating activities. These strong cash flows enabled a further $20.0 million in debt repayment in the quarter. As a result, our 2017 total debt repayment stands at $70.0 million since the closing of the Exar acquisition in May 2017, which is consistent with our stated objective of using net cash generation to aggressively deleverage. Our ability to find efficiencies in our combined operations has enabled MaxLinear to maintain its aggressive pace of new technology platform innovations that will yield benefits to MaxLinear shareholders well into the future.
“In 2017, we recorded another year of record revenue with total GAAP net revenue of $420.3 million, or 8% sequential growth, in the face of legacy Entropic product declines in analog channel-stacking solutions and video SoCs, and persistent China macro optical fiber headwinds. We were able to weather these challenges due to revenue strength in our broadband franchise, revenue contributions from our Exar acquisition and the acquisition of Marvell’s G.hn business, as well as contributions from our expanding portfolio of network infrastructure solutions.
“Most excitingly, 2017 was undoubtedly the most significant year for the company from an engineering execution and market expansion perspective. In 2017, we started mass production of the industry’s first 28nm CMOS RF transceiver spanning the 5-45Ghz frequency for the wireless backhaul market. We also completed the tape-out of the industry’s first 400Gbps PAM-4 SerDes device for the hyperscale data-center market. For the cable infrastructure market, we completed the tape-out of the industry's first Full-Duplex (FDX) DOCSIS cable fiber node infrastructure remote PHY system-on-chip device. We also successfully integrated two strategic technology platform acquisitions in the form of Exar Corporation and Marvell's G.hn home networking business. We are very excited by our expanding technology footprint, which addresses some of the most complex analog and mixed-signal communications platforms in the industry. As a result, we continue to expand our existing TAM and solidify our position as one of the industry’s leading providers of CMOS mixed-signal ICs,” commented Kishore Seendripu, Ph.D., Chairman and CEO.

Fourth Quarter 2017 Business Highlights
Demonstrated industry-first 400Gbps pulse-amplitude-modulation digital signal processing systems-on-a-chip solutions with integrated laser drivers to address the high-speed optical interconnect needs of mega-scale cloud data centers and network enterprises.
G.hn Wave-2 networking chipset selected by Comtrend for new carrier-grade Wi-Fi connectivity extender solution in the North American service provider market.
Demonstrated NetAerial cord cutter ATSC TV distribution system, which incorporates MaxLinear's ATSC TV tuners and G.hn chipsets, to stream live TV to connected smart devices with Geniatech.
Announced plans to introduce G.hn connectivity solutions for the automotive, industrial, security and utility markets for use in vehicles, industrial products, security cameras, smart meters and other smart grid applications.

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The following information was filed by Maxlinear Inc (MXL) on Tuesday, February 13, 2018 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.

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Inside Maxlinear Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Loss
Consolidated Statements Of Comprehensive Loss (parenthetical)
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders Equity Statement
Balance Sheer Details - Cash And Investments (details)
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- Accrued Price Protection Liability (details)
Business Combination
Business Combination (tables)
Business Combination - Acquisition Of Intangible Assets (details)
Business Combination - Pro Forma Information (details)
Business Combination Business Combination - Exar (details)
Business Combination Business Combination - G.hn (details)
Business Combination Business Combinations (details Textuals)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Litigation (details)
Commitments And Contingencies Commitments And Contingencies-additional Details (details)
Commitments And Contingencies Sublease Income, Leased Facilities (details)
Debt (details)
Debt (notes)
Debt (tables)
Employee Retirement Plan
Financial Instruments
Financial Instruments (tables)
Financial Instruments Financial Instruments (details 1)
Financial Instruments Financial Instruments (details 2)
Financial Instruments Financial Instruments (details 3)
Financial Instruments Financial Instruments - Additional Information (details 4)
Goodwill And Intangible Assets - Schedule Of Goodwill (details)
Goodwill And Intangible Assets Goodwill And Intangibles Other (details 1)
Goodwill And Intangible Assets Goodwill And Intangibles Other (details 2)
Goodwill And Intangible Assets Notes
Goodwill And Intangible Assets Tables (tables)
Income Taxes
Income Taxes - Additional Information (detail)
Income Taxes Components Of Deferred Income Tax Asset (details)
Income Taxes Components Of Income Tax Provision (benefit) (details)
Income Taxes Income Tax (tables)
Income Taxes Income Tax Disclosure, Provisional Amounts, Tax Cuts And Jobs Act (tables)
Income Taxes Income Tax Expense (benefit) (details)
Income Taxes Provisional Amounts Disclosures Related To Tax Cuts And Jobs Act (details)
Income Taxes Schedule Of Income Before Income Tax Domestic And Foreign (details)
Income Taxes Unrecognized Tax Expense (benefit) Roll Forward (details)
Item 15 (details)
Item 15 (notes)
Net Loss Per Share
Net Loss Per Share (tables)
Net Loss Per Share - Additional Information (detail)
Net Loss Per Share - Summary Of Basic And Diluted Earnings Per Share (detail)
Organization And Summary Of Significant Accounting Policies
Organization And Summary Of Significant Accounting Policies (policies)
Organization And Summary Of Significant Accounting Policies - Acquisition Of Entropic Communications, Inc (details)
Organization And Summary Of Significant Accounting Policies - Additional Information (detail)
Organization And Summary Of Significant Accounting Policies Aoci Table (details)
Organization And Summary Of Significant Accounting Policies Tables (tables)
Restructuring Activity
Restructuring Activity (details)
Restructuring Activity (tables)
Selected Quarterly Financial Data
Selected Quarterly Financial Data (details)
Selected Quarterly Financial Data (tables)
Significant Customer And Geographic Information
Significant Customer And Geographic Information (details)
Significant Customer And Geographic Information (tables)
Stock-based Compensation
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 - Espp (details)
Stock-based Compensation And Employee Benefit Plans - Expense By Type (detail)
Stock-based Compensation And Employee Benefits Plan - Awards (details)
Stock-based Compensation Stock Compensation Awards Activity Roll Forward (details)
Stock-based Compensation Stock Reserved For Future Issuance (details)
Stock-based Compensation Stock-based Compensation And Employee Benefit Plans - Stock Options (details)
Ticker: MXL
CIK: 1288469
Form Type: 10-K Annual Report
Accession Number: 0001288469-18-000006
Submitted to the SEC: Tue Feb 20 2018 4:33:05 PM EST
Accepted by the SEC: Tue Feb 20 2018
Period: Sunday, December 31, 2017
Industry: Semiconductors And Related Devices

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