Mellanox Technologies, Ltd. Reports Unaudited Consolidated Earnings Results for Fourth Quarter and Year Ended December 31, 2017; Provides Earnings Outlook for First Quarter and Full Year of 2018; Reports Impairment Charges for Fourth Quarter of 2017
For the year, the company's total revenues were $863,893,000 against $857,498,000 a year ago. Loss from operations was $17,081,000 against income of $30,590,000 a year ago. Loss before taxes on income was $21,903,000 against income of $24,328,000 a year ago. Net loss was $19,425,000 against income of $18,518,000 a year ago. Net loss per share diluted was $0.39 against income of $0.37 a year ago. Non-GAAP net income was $116,557,000 against $169,461,000 a year ago. Non-GAAP income from operations was $118,651,000 against $180,447,000 a year ago. Non-GAAP diluted net income per share was $2.28 against $3.43 a year ago. Net cash provided by operating activities was $161,312,000 against $196,064,000 a year ago. Purchase of property and equipment was $41,376,000 against $42,976,000 a year ago. Purchase of intangible assets was $2,843,000 against $7,962,000 a year ago.
Impairment of long-lived assets for the quarter was $12,019,000.
For the first quarter of 2018, the company expects revenues of $222 million to $232 million and non-GAAP gross margins of 68.5% to 69.5%.
For the full year 2018, the company expects revenues of $970 million to $990 million and non-GAAP gross margins of 68.0% to 69.0%.