Sales Surge 35 Percent at Chipmaker MaxLinearFriday, August 10, 2012
MaxLinear Inc., a Carlsbad maker of radio frequency chips, reported a second quarter net loss of $2.6 million, compared with a net loss of $4.8 million in the like period of 2011.
Revenue for the past quarter was $24.4 million, up 35 percent from the like period last year.
The company said the gain in sales was the largest since MaxLinear went public in 2010.
The results reflect a strong product cycle for the company’s emerging cable solutions and stabilized revenue from its terrestrial solutions, said CEO Kishore Seendripu.
MaxLinear said it expects revenue for the third quarter to come in between $27 million and $28 million, representing 10 to 15 percent sequential growth, and more than 50 percent growth year over year.
Shares of MaxLinear, traded on the New York Stock Exchange under MXL, closed at $5.64 on Aug. 9, down 2 cents from the prior day’s closing price. Its 52-week range is $3.96 to $7.01.