<a href="https://laohu8.com/S/MXL">MaxLinear</a> Inc. Reports 20% Year-on-Year Revenue Decline in Q4 2019; Non-GAAP EPS at $0.80
MaxLinear, Inc. (NYSE: MXL) reported its financial results for the fourth quarter ending December 31, 2019. The company recorded a net revenue of $70.0 million, marking a decline of 12% sequentially and a 20% decrease year-on-year. The GAAP gross margin was 52.3%, slightly down from 52.4% in both the previous quarter and the same quarter of the prior year. GAAP operating expenses for the fourth quarter stood at $44.6 million, representing 64% of net revenue, compared to $45.2 million, or 57% of net revenue in the prior quarter, and $56.6 million, or 65% of net revenue, in the year-ago quarter. Net income, on a GAAP basis, showed a loss of 11.6%, compared to a loss of 5.9% in the previous quarter and a 0.4% gain in the corresponding quarter of the previous year. On a non-GAAP basis, net income was 16.8%, down from 20.6% in the preceding quarter but up from 16.2% in the same quarter last year. The company also reported non-GAAP diluted net income per share of $0.80 for the quarter. MaxLinear did not provide any specific outlook or guidance in the report regarding future performance.
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