NetGear Inc (OQ:NTGR)

Sector:  Technology Industry:  Communications & Networking
 
See Regulatory Filings on SEC
Company Contact
Address: 350 E Plumeria Dr
SAN JOSE CA 95134-1911
Tel: N/A
Website: https://www.netgear.com
IR: See website
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Key People
Charles Prober
Chief Executive Officer, Director
Michael A. Werdann
Chief Revenue Officer
Bryan D. Murray
Chief Financial Officer
David John Henry
President and General Manager of Connected Home Products and Services
Michael F. Falcon
Chief Operations Officer
Tamesa T. Rogers
Chief People Officer
Andrew Wonki Kim
Senior Vice President - Corporate Development, Chief Legal Officer, Corporate Secretary
Vikram Mehta
Senior Vice President - SMB Products and Services
Mark G. Merrill
Chief Technology Officer
Heidi B. Cormack
Chief Marketing Officer
   
Business Overview
NETGEAR, Inc. is engaged in providing networking technologies and Internet-connected products for consumers, businesses and service providers. The Company operates through two segments: Connected Home, and NETGEAR for Business. The Connected Home segment focuses on consumers and provides high-performance, dependable and easy-to-use premium WiFi networking solutions such as WiFi 6, WiFi 6E and WiFi 7 Tri-band and Quad-band mesh systems and routers, 4G/5G mobile products, smart devices such as Meural digital displays, and subscription services that provide consumers a range of value-added services. The NETGEAR for Business segment focuses on businesses and provides solutions for business networking, wireless local area network (LAN), audio and video over Ethernet for Pro AV applications, security and remote management. The Company conducts business across three geographic territories: the Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC).
Financial Overview
For the fiscal year ended 31 December 2023, NetGear Inc revenues decreased 21% to $740.8M. Net loss increased 52% to $104.8M. Revenues reflect SMB segment decrease of 21% to $294M, Americas segment decrease of 18% to $504.3M, APAC segment decrease of 36% to $87.6M. Higher net loss reflects Other General and Administrative increase of 10% to $51.5M (expense), Legal Provisions & Litigation Expenses increase from $2.9M to $7.5M (expense).
Employees: 635 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $136.06M as of Dec 31, 2023
Annual revenue (TTM): $740.84M as of Dec 31, 2023
EBITDA (TTM): -$13.30M as of Dec 31, 2023
Net annual income (TTM): -$104.77M as of Dec 31, 2023
Free cash flow (TTM): $51.05M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 29,661,351 as of Feb 9, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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