Aquantia Corp. reported consolidated unaudited financial results for the third quarter and nine months ended September 30, 2017. For the third quarter, the company reported revenue of $26,718,000 against $22,534,000 a year ago. Loss from operations was $909,000 against the income of $851,000 a year ago. Loss before income tax expenses was $978,000 against the income of $66,000 a year ago. Net loss was $1,005,000 or $0.21 per diluted share against the income of $88,000 a year ago. Non-GAAP net loss was $905,000 or $0.19 per diluted share against the income of $354,000 or $0.01 per diluted share a year ago. Non-GAAP loss from operations was $492,000 against the income of $1,117,000 a year ago.

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%.