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This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company. Recent IPOs: Globe Specialty Metals • LogMeIn • Invesco Mortgage Capital • Medidata • Chemspec |
MaxLinear (MXL) (NYSE:MXL) provides integrated, radio frequency (RF) analog and mixed-signal semiconductor equipment for broadband services and architecture. Its product has been integrated into Japanese handsets, Japanese cars' in-vehicle entertainment, and European set top boxes, attributing to majority of MaxLinear's revenue. Its top clients are Panasonic Corporation , Murata Manufacturing, Sony Corporation, and others. It has shipped more than 75 million RF units in 2009. [1]
Recent technological innovations in the television creates new sources of revenue for RF receiver manufacturers such as MaxLinear. The recent innovations include the switch from analog to digital television, availability of broadband and wireless internet, transition from standard to high definition television, and television functionality incorporated into mobile electronics. Each electronic device equipped with a broadcast television signal requires atleast one RF receiver. Therefore the IMS Research predicts the market size for these tuners to be $2.4 billion in 2010, growing at a CAGR of 13% til 2013. [1]
The company's initial public offering of stock filed on the NYSE exchange on 6 November 2009. The proposed offer price range is $11.00-$13.00. The company is offering 5.4 million shares and raising $65 million. [1]
For the FY2009 with year ended 31 December 2009, the company reported $51.35 million in net revenue, up 64% from $31.33 million of net revenue in 2008. Furthermore, it reported a net income of $4.33 million in 2009, an increase from a net loss of $1.91 million in the previous year. [1]
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