Aquantia Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported revenue of $32,902,000 against $26,718,000 a year ago. Loss from operations was $2,233,000 against $909,000 a year ago. Loss before income tax expenses was $1,922,000 against $978,000 a year ago. Net loss was $2,065,000 against $1,005,000 a year ago. Net loss per basic and diluted share was $0.06 against $0.21 a year ago. Non-GAAP net income was $66,000 or nil per diluted share against loss of $905,000 or $0.19 per diluted share a year ago. Non-GAAP loss from operations was $102,000 against $492,000 a year ago.

For the nine months, the company reported revenue of $91,692,000 against $75,525,000 a year ago. Loss from operations was $5,166,000 against $1,936,000 a year ago. Loss before income tax expenses was $4,316,000 against $4,693,000 a year ago. Net loss was $4,266,000 against $4,362,000 a year ago. Net loss per basic and diluted share was $0.13 against $0.95 a year ago. Non-GAAP net income was $22,000 or nil per diluted share against loss of $1,997,000 or $0.43 per diluted share a year ago. Non-GAAP loss from operations was $878,000 against $954,000 a year ago.

For the fourth quarter 2018, the company expects revenue to be in the range of $33 million to $34 million, gross margin to be in the range of 57.5% to 59.5% and operating expenses to be in the range of $20.5 million to $22.5 million, which includes stock-based compensation expenses in the range of $2.1 million to $2.3 million.