=Aquantia (AQ) reported earnings on Tue 12 Feb 2019 (a/h)

Aquantia misses by $0.10, misses on revs; guides Q1 revs below consensus

• Reports Q4 (Dec) loss of $0.09 per share, $0.10 worse than the S&P Capital IQ Consensus of $0.01; revenues rose 4.5% year/year to $29.09 mln vs the $33.57 mln S&P Capital IQ Consensus.
• Co issues downside guidance for Q1, sees Q1 revs of $19-21 mln vs. $33.47 mln S&P Capital IQ Consensus.
  • Also expects: Q1 gross margin to be in the range of 53.5-55.5% and operating expenses to be in the range of $20.5-23 million, which includes stock-based compensation expenses in the range of $2.3-2.5 million.