Mellanox Technologies, Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter of 2015
For the year, the company reported total revenues of $463,649,000 compared to $390,436,000 a year ago. Loss from operations was $7,191,000 compared to $20,818,000 a year ago. Loss before taxes was $5,742,000 compared to $19,590,000 a year ago. Net loss was $24,009,000 or $0.54 per basic and diluted share compared to $23,342,000 or $0.54 per basic and diluted share a year ago. Non-GAAP net income was $58,222,000 or $1.25 per diluted share compared to $40,515,000 or $0.89 per diluted share a year ago. Non-GAAP income from operations was $57,809,000 compared to $43,039,000 a year ago. Net cash provided by operating activities was $80,130,000 compared to $51,870,000 a year ago. Purchase of property and equipment was $29,924,000 compared to $30,911,000 a year ago.
For the first quarter 2015, the company expects quarterly revenues of $140 million to $145 million, non-GAAP gross margins of 70% to 71%; and non-GAAP diluted share count of 47.3 million to 47.8 million shares.