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Stock impact report

NETGEAR® Reports Fourth Quarter and Full Year 2023 Results

NETGEAR, Inc. (NTGR) 
Last netgear, inc. earnings: 4/22 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.netgear.com
Company Research Source: Business Wire
Q4 net revenue of $188.7 million, at the high end of guidanceQ4 GAAP gross margin of 34.8%; non-GAAP gross margin of 35.0%877,000 paid subscribers; Q4 service revenue growth of 27.7% year over yearCash and short-term investments increased $55.6 million sequentially SAN JOSE, Calif.--(BUSINESS WIRE)--NETGEAR, Inc. (NASDAQ: NTGR), a global networking company that delivers innovative networking and Internet connected products to consumers and businesses, today reported financial results for the fourth quarter and full year ended December 31, 2023.Fourth quarter 2023 net revenue of $188.7 million, a decrease of 24.3% from the comparable prior-year quarter.Fourth quarter 2023 GAAP operating loss of $2.9 million, or (1.5)% of net revenue, as compared to operating loss of $12.2 million, or (4.9)% of net revenue, in the comparable prior-year quarter.Fourth quarter 2023 non-GAAP operating income of $2.7 million, or 1.4% of net revenue, as compared to non-GAAP operating loss of $3.9 million, Show less Read more
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