Revenue and Growth
Total revenue for the fourth quarter was $92.2 million, up 14% from $81.1 million in the previous quarter. The company exceeded its own internal revenue targets for 2024, showing significant growth and design win traction in optical interconnect markets.
Optical Business Expansion
MaxLinear shipped approximately 1 million units of its Keystone product across multiple customers, contributing to a revenue growth target of $60-70 million for 2025 in the optical segment.
Infrastructure Segment Performance
Infrastructure revenue for the fourth quarter was $27 million, with expectations for further growth in 2025, driven by new product launches and design wins in high-speed optical data center connectivity.
Cost Management and Operational Efficiency
Significant reduction in operating expenses with fourth quarter non-GAAP operating expenses at $61.3 million, positioning the company for a return to profitability in 2025.