NETGEAR, INC. Files 10-Q for Period Ending March 31, 2024
Ticker: NTGR · Form: 10-Q · Filed: May 3, 2024
Sentiment: neutral
Topics: NETGEAR, 10-Q, Financial Report, Q1 2024, SEC Filing
TL;DR
<b>NETGEAR, INC. filed its Q1 2024 10-Q report, detailing financial positions and business segment performance.</b>
AI Summary
NETGEAR, INC. (NTGR) filed a Quarterly Report (10-Q) with the SEC on May 3, 2024. NETGEAR, INC. filed a 10-Q report for the period ending March 31, 2024. The filing includes data related to various financial instruments and accounts, such as USTreasurySecurities, CommonStock, and ConvertibleDebtSecurities. Specific business segments like NetgearForBusiness and ConnectedHome are mentioned in relation to sales channels and geographical regions (APAC, Americas). Executive compensation data is not detailed in the provided snippet. Key dates and events are not explicitly listed in the provided snippet.
Why It Matters
For investors and stakeholders tracking NETGEAR, INC., this filing contains several important signals. This 10-Q filing provides a snapshot of NETGEAR's financial health and operational performance as of March 31, 2024, crucial for investors assessing the company's current standing. The detailed segment and geographical data can help investors understand revenue drivers and market penetration for NETGEAR's products.
Risk Assessment
Risk Level: medium — NETGEAR, INC. shows moderate risk based on this filing. The filing is a standard 10-Q, which typically contains a mix of positive and negative financial information, making the overall sentiment neutral. Specific financial performance details are not yet available in this snippet.
Analyst Insight
Investors should review the full 10-Q filing to analyze specific revenue figures, profitability, and any forward-looking statements made by NETGEAR.
Revenue Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| NetgearForBusiness | ||
| ConnectedHome |
Key Numbers
- 2024-03-31 — Period End Date (CONFORMED PERIOD OF REPORT)
- 2024-05-03 — Filing Date (FILED AS OF DATE)
- 0001122904 — Central Index Key (COMPANY DATA)
- 3661 — Standard Industrial Classification (COMPANY DATA)
- DE — State of Incorporation (COMPANY DATA)
- 1231 — Fiscal Year End (COMPANY DATA)
- 000-50350 — SEC File Number (FILING VALUES)
- 24914391 — Film Number (FILING VALUES)
Key Players & Entities
- NETGEAR, INC. (company) — FILER
- 0000950170-24-053040 (other) — ACCESSION NUMBER
- 20240331 (date) — CONFORMED PERIOD OF REPORT
- 20240503 (date) — FILED AS OF DATE
- 0001122904 (company) — CENTRAL INDEX KEY
- 3661 (other) — STANDARD INDUSTRIAL CLASSIFICATION
- DE (other) — STATE OF INCORPORATION
- 350 EAST PLUMERIA DRIVE (address) — BUSINESS ADDRESS
FAQ
When did NETGEAR, INC. file this 10-Q?
NETGEAR, INC. filed this Quarterly Report (10-Q) with the SEC on May 3, 2024.
What is a 10-Q filing?
A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by NETGEAR, INC. (NTGR).
Where can I read the original 10-Q filing from NETGEAR, INC.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by NETGEAR, INC..
What are the key takeaways from NETGEAR, INC.'s 10-Q?
NETGEAR, INC. filed this 10-Q on May 3, 2024. Key takeaways: NETGEAR, INC. filed a 10-Q report for the period ending March 31, 2024.. The filing includes data related to various financial instruments and accounts, such as USTreasurySecurities, CommonStock, and ConvertibleDebtSecurities.. Specific business segments like NetgearForBusiness and ConnectedHome are mentioned in relation to sales channels and geographical regions (APAC, Americas)..
Is NETGEAR, INC. a risky investment based on this filing?
Based on this 10-Q, NETGEAR, INC. presents a moderate-risk profile. The filing is a standard 10-Q, which typically contains a mix of positive and negative financial information, making the overall sentiment neutral. Specific financial performance details are not yet available in this snippet.
What should investors do after reading NETGEAR, INC.'s 10-Q?
Investors should review the full 10-Q filing to analyze specific revenue figures, profitability, and any forward-looking statements made by NETGEAR. The overall sentiment from this filing is neutral.
Filing Stats: 4,344 words · 17 min read · ~14 pages · Grade level 16.3 · Accepted 2024-05-03 17:15:42
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value NTGR The Nasdaq Stock Mar
Filing Documents
- ntgr-20240331.htm (10-Q) — 2319KB
- ntgr-ex10_3.htm (EX-10.3) — 109KB
- ntgr-ex10_4.htm (EX-10.4) — 54KB
- ntgr-ex10_5.htm (EX-10.5) — 107KB
- ntgr-ex31_1.htm (EX-31.1) — 14KB
- ntgr-ex31_2.htm (EX-31.2) — 14KB
- ntgr-ex32_1.htm (EX-32.1) — 11KB
- ntgr-ex32_2.htm (EX-32.2) — 11KB
- 0000950170-24-053040.txt ( ) — 10516KB
- ntgr-20240331.xsd (EX-101.SCH) — 1254KB
- ntgr-20240331_htm.xml (XML) — 2120KB
: FINANCIAL INFORMATION
PART I: FINANCIAL INFORMATION Item 1.
Financial Statements
Financial Statements 3 Unaudited Condensed Consolidated Balance Sheets 3 Unaudited Condensed Consolidated Statements of Operations 4 Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss) 5 Unaudited Condensed Consolidated Statements of Stockholders' Equity 6 Unaudited Condensed Consolidated Statements of Cash Flows 7 Notes to Unaudited Condensed Consolidated Financial Statements 8 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 26 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 36 Item 4.
Controls and Procedures
Controls and Procedures 36
: OTHER INFORMATION
PART II: OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 37 Item 1A.
Risk Factors
Risk Factors 37 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 65 Item 3. Defaults Upon Senior Securities 65 Item 4. Mine Safety Disclosures 65 Item 5. Other Information 65 Item 6. Exhibits 66
: FINANC IAL INFORMATION
PART I: FINANC IAL INFORMATION
Financial Statements
Item 1. Financial Statements NETGEAR, INC. UNAUDITED CONDENSED CONS OLIDATED BALANCE SHEETS (In thousands) March 31, 2024 December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 172,656 $ 176,717 Short-term investments 116,765 106,931 Accounts receivable, net of allowance for doubtful accounts of $ 338 as of March 31, 2024 and December 31, 2023, respectively 172,771 185,059 Inventories 211,270 248,851 Prepaid expenses and other current assets 30,178 30,421 Total current assets 703,640 747,979 Property and equipment, net 9,353 8,273 Operating lease right-of-use assets 34,713 37,285 Goodwill 36,279 36,279 Other non-current assets 17,294 17,326 Total assets $ 801,279 $ 847,142 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 38,451 $ 46,850 Accrued employee compensation 22,193 21,286 Other accrued liabilities 154,567 168,084 Deferred revenue 28,393 27,091 Income taxes payable 713 1,037 Total current liabilities 244,317 264,348 Non-current income taxes payable 11,885 12,695 Non-current operating lease liabilities 26,742 29,698 Other non-current liabilities 6,973 4,906 Total liabilities 289,917 311,647 Commitments and contingencies (Note 8) Stockholders' equity: Common stock 29 30 Additional paid-in capital 974,181 967,651 Accumulated other comprehensive income 21 136 Accumulated deficit ( 462,869 ) ( 432,322 ) Total stockholders' equity 511,362 535,495 Total liabilities and stockholders' equity $ 801,279 $ 847,142 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. 3 Table of Contents NETGEAR, INC. UNAUDITED CONDENSED CONSOLIDA TED STATEMENTS OF OPERATIONS (In thousands, except per share data) Three Months Ended March 31, 2024 April 2, 2023 Net revenue