Mellanox Technologies, Ltd. reported unaudited consolidated earnings results for fourth quarter and year ended December 31, 2017. For the quarter, the company's total revenues were $237,581,000 against $221,676,000 a year ago. Loss from operations was $6,696,000 against income of $13,361,000 a year ago. Loss before tax on income was $7,979,000 against income of $11,525,000 a year ago. Net loss was $2,593,000 against income of $8,995,000 a year ago. Net loss per share — diluted was $0.05 against income of $0.18 a year ago. Non-GAAP net income was $42,911,000 against $41,296,000 a year ago. Non-GAAP income from operations was $38,009,000 against $44,368,000 a year ago. Non-GAAP diluted net income per share was $0.82 against $0.82 a year ago. $66.9 million in cash was provided by operating activities during the fourth quarter.

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%.