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Stock impact report

MaxLinear, Inc. Announces First Quarter 2020 Financial Results

MaxLinear, Inc (MXL) 
Last maxlinear, inc earnings: 4/29 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investors.maxlinear.com
Company Research Source: Business Wire
CARLSBAD, Calif.--(BUSINESS WIRE)--MaxLinear, Inc. (NYSE: MXL), a leading provider of RF, analog and mixed-signal integrated circuits for the connected home, and industrial and multi-market applications, today announced financial results for the first quarter ended March 31, 2020.First Quarter Financial HighlightsGAAP basis:Net revenue was $62.0 million, down 11% sequentially, and down 27% year-on-year.GAAP gross margin was 49.6%, compared to 52.3% in the prior quarter, and 53.3% in the year-ago quarter.GAAP operating expenses were $50.9 million in the first quarter 2020, or 82% of net revenue, compared to $44.6 million in the prior quarter, or 64% of net revenue, and $52.9 million in the year-ago quarter, or 63% of net revenue.GAAP loss from operations was 33% of revenue, compared to loss from operations of 11% in the prior quarter, and loss from operations of 9% in the year-ago quarter.Net cash flow provided by operating activities was $6.6 million, compared to $28.1 million in Show less Read more
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