Exhibit 99.1

Aquantia Announces Third Quarter 2017 Results

Q3 2017 Revenue up 18.6 percent from Q3 2016

San Jose, Calif. – November 27, 2017 – Aquantia Corp., (NYSE: AQ), a leader in high-speed, Multi-Gigabit Ethernet connectivity solutions, today announced financial results for its third quarter ended September 30, 2017.

Third Quarter 2017 Highlights:

 

    Revenue for the three months ended September 30, 2017 of $26.7 million, an increase of 6.2 percent sequentially and 18.6 percent year-over-year;

 

    Revenue by market for the three months ended September 30, 2017: Data Center revenue of $14.9 million, Enterprise Infrastructure revenue of $10.8 million, Access revenue of $0.9 million, and Automotive revenue of $0.1 million;

 

    Gross margin of 56.5 percent for the three months ended September 30, 2017, compared to 56.6 percent for the three months ended June 30, 2017;

 

    Operating loss of $0.9 million for the three months ended September 30, 2017, and non-GAAP operating loss of $0.5 million for the same period; and

 

    Net loss per basic share of $0.21 for the three months ended September 30, 2017, and non-GAAP net loss per basic share of $0.19 for the same period.

Third Quarter 2017 Results

Total revenue for the third quarter 2017 was $26.7 million, an increase of 6.2 percent compared to $25.2 million in the prior quarter, and an increase of 18.6 percent compared to $22.5 million in the third quarter 2016. Total revenue by market for the third quarter 2017 consisted of Data Center revenue of $14.9 million, Enterprise Infrastructure revenue of $10.8 million, Access revenue of $0.9 million, and Automotive revenue of $0.1 million. Total revenue by market for the third quarter 2016 consisted of Data Center revenue of $16.5 million and Enterprise Infrastructure revenue of $6.0 million.

Gross profit for the third quarter 2017 was $15.1 million, or 56.5 percent of revenue, compared to $14.3 million, or 56.6 percent of revenue, in the prior quarter, and $13.4 million, or 59.5 percent of revenue, in the third quarter 2016. Operating expenses for the third quarter 2017 were $16.0 million, compared to $14.6 million in the prior quarter and $12.6 million in the third quarter 2016.

Loss from operations was $0.9 million, or 3 percent of revenue, compared to $0.4 million, or 1 percent of revenue, in the prior quarter, and income from operations of $0.9 million, or 4 percent of revenue, in the third quarter 2016. Non-GAAP loss from operations was $0.5 million, or 2 percent of revenue, compared to $40,000 in the prior quarter and Non-GAAP income from operations of $1.1 million, 5% of revenue in the third quarter of 2016.


The following information was filed by Aquantia Corp (AQ) on Monday, November 27, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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