Chipmaker MaxLinear reported a 2.9 percent revenue uptick to $32.5 million in Q4 Monday, thanks largely to resurgent shipments of DOCSIS 3.0 cable modems and gateways.
The performance of the higher-end modems and gateways was in direct contrast to that of the third quarter, when Carlsbad, Calif.-based MaxLinear reported an "unanticipated decrease" in DOCSIS 3.0 gateway shipments.
"Our revenue growth in 2014 reflected continued momentum in cable across both DOCSIS 3.0 modems and gateways, along with double-digit growth of our terrestrial revenues driven by strong shipments of ISDB-T tuner-demodulator receiver shipments into pay TV operators in Latin America, as well as continued share gains in hybrid television," said Kishore Seendripu, president and CEO of MaxLinear, to investors.
"Entering 2015, we are experiencing growing shipments and backlog for our technology-leading satellite gateway and digital channel-stacking solutions," he added. "We believe our satellite gateway and digital outdoor unit products constitute the next major growth driver for MaxLinear for the next several years."
The revenue performance was in line with analysts' projections, but the company posted a $2.4 million net loss for Q4, or 6 cents per share.
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