Aquantia Corp (AQ) 10-K Annual Report March 2019

Aquantia Corp., (NYSE: AQ), a leader in high-speed, Multi-Gigabit Ethernet connectivity solutions, today announced financial results for its fourth quarter and full year ended December 31, 2018.

Fourth Quarter 2018 Highlights:

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Revenue for the three months ended December 31, 2018 of $29.1 million, a decrease of 12 percent sequentially and an increase of 5 percent year-over-year;

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Revenue by market for the three months ended December 31, 2018: Data Center revenue of $14.7 million, Enterprise Infrastructure revenue of $9.0 million, Access revenue of $5.4 million, and Automotive revenue of $113 thousand;

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Gross margin of 54 percent for the three months ended December 31, 2018, compared to 58 percent for the three months ended September 30, 2018;

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Operating loss of $5.3 million for the three months ended December 31, 2018, and non-GAAP operating loss of $3.1 million for the same period; and

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Net loss per diluted share of $0.16 for the three months ended December 31, 2018, and non-GAAP net loss per diluted share of $0.09 for the same period.

Fourth Quarter 2018 Results

Total revenue for the fourth quarter 2018 was $29.1 million, a decrease of 12 percent compared to $32.9 million in the prior quarter, and an increase of 5 percent compared to $27.8 million in the fourth quarter 2017. Total revenue by market for the fourth quarter 2018 consisted of Data Center revenue of $14.7 million, Enterprise Infrastructure revenue of $9.0 million, Access revenue of $5.4 million, and Automotive revenue of $113 thousand. Total revenue by market for the fourth quarter 2017 consisted of Data Center revenue of $17.1 million, Enterprise Infrastructure revenue of $9.0 million, Access revenue of $1.7 million and Automotive revenue of 55 thousand.

Gross profit for the fourth quarter 2018 was $15.7 million, or 54 percent of revenue, compared to $19.0 million, or 58 percent of revenue, in the prior quarter, and $16.1 million, or 58 percent of revenue, in the fourth quarter 2017. Operating expenses in the fourth quarter 2018 were $21.1 million, compared to $21.3 million in the prior quarter and $17.1 million in the fourth quarter 2017.

Loss from operations for the fourth quarter 2018 was $5.3 million, or 18 percent of revenue, compared to $2.2 million, or 7 percent of revenue, in the prior quarter, and $1.0 million, or 4 percent of revenue, in the fourth quarter 2017. Non-GAAP loss from operations for the fourth quarter 2018 was $3.1

The following information was filed by Aquantia Corp (AQ) on Tuesday, February 12, 2019 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Aquantia Corp provided additional information to their SEC Filing as exhibits

Exhibit 10.5: Material Contract

Exhibit 10.9: Material Contract

Exhibit 21.1: Subsidaries Of The Registrant

Exhibit 23.1: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Ticker: AQ
CIK: 1316016
Form Type: 10-K Annual Report
Accession Number: 0001564590-19-006495
Submitted to the SEC: Wed Mar 06 2019 4:25:29 PM EST
Accepted by the SEC: Wed Mar 06 2019
Period: Monday, December 31, 2018
Industry: Semiconductors And Related Devices