Silicon Laboratories Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported revenues of $201,018,000 against $182,610,000 a year ago. Operating income was $26,390,000 against $20,083,000 a year ago. Income before income taxes was $23,490,000 against $19,792,000 a year ago. Net loss was $4,852,000 or $0.11 per diluted share against net income of $20,109,000 or $0.47 per diluted share a year ago. Non GAAP operating income was $44,615,000. Non GAAP net income was $40,752,000 or $0.93 per diluted share.

For the year, the company reported revenues of $768,867,000 against $697,626,000 a year ago. Operating income was $84,974,000 against $66,277,000 a year ago. Income before income taxes was $76,903,000 against $64,496,000 a year ago. Net income was $47,092,000 or $1.09 per diluted share against $61,494,000 or $1.45 per diluted share a year ago. Net cash provided by operating activities was $189,521,000 against $128,910,000 a year ago. Purchases of property and equipment were $12,252,000 against $10,927,000 a year ago. Purchases of other assets were $4,960,000 against $8,801,000 a year ago.

The company provided earnings guidance for the first quarter ending March 1, 2018. The company provided earnings guidance for the first quarter ending March 1, 2018. The company expects revenue in the first quarter to be in the range of $196 million to $202 million. The company expects GAAP gross margin at approximately 59.0%, GAAP effective tax rate at 15.0%, GAAP diluted earnings per share between $0.42 and $0.48. Also the company expects non-GAAP gross margin to be 59.25%. The company expects non-GAAP effective tax rate to be 12.5%. Also the company expects diluted earnings per share between $0.73 and $0.79.