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 |
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 |