Aquantia Corp. Reports Consolidated Unaudited Financial Results for the Third Quarter and Nine Months Ended September 30, 2017; Provides Earnings Guidance for the Fourth Quarter of 2017
For the nine months, the company reported revenue of $75,525,000 against $63,908,000 a year ago. Loss from operations was $1,936,000 against the income of $2,072,000 a year ago. Loss before income tax expenses was $4,693,000 against $503,000 a year ago. Net loss was $4,362,000 or $0.95 per diluted share against $587,000 or $0.14 per diluted share a year ago. Non-GAAP net loss was $1,997,000 or $0.43 per diluted share against the income of $66,000 or $0.02 per diluted share a year ago. Non-GAAP loss from operations was $954,000 against the income of $2,803,000 a year ago.
For the fourth quarter of 2017, the Company expects revenue to be in the range of $26.5 million to $28.0 million, and gross margin to be in the range of 56% to 58%.