10-Q Filing

A10 NETWORKS, INC. CIK: 1580808 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001564590-14-002100`
Period End Date	20140331
Filing Date	20140513
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	aten-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 50 Cash Flow Statement 66

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.67M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$122.15M	USD	Point-in-time
Accounts receivable, net of allowances of $2,666 and $2,738 as of March 31, 2014 and December 31, 2013	`AccountsReceivableNetCurrent`	$37.70M	USD	Point-in-time
Accounts receivable, net of allowances of $2,666 and $2,738 as of March 31, 2014 and December 31, 2013	`AccountsReceivableNetCurrent`	$38.80M	USD	Point-in-time
Inventory	`InventoryNet`	$17.17M	USD	Point-in-time
Inventory	`InventoryNet`	$17.54M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.06M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.48M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$181.97M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$78.72M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$11.25M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	65.60M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.80M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.03M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.03M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.06M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	59.92M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.21M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.03M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	59.92M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.85M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$93.79M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$198.09M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.23M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$15.51M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$17.99M	USD	Point-in-time
Accrued litigation expenses	`LitigationReserveCurrent`	$10.41M	USD	Point-in-time
Accrued litigation expenses	`LitigationReserveCurrent`	$11.39M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$29.88M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$28.45M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$63.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$68.73M	USD	Point-in-time
Revolving credit facility	`LineOfCredit`	$20.00M	USD	Point-in-time
Deferred revenue, noncurrent portion	`DeferredRevenueNoncurrent`	$14.06M	USD	Point-in-time
Deferred revenue, noncurrent portion	`DeferredRevenueNoncurrent`	$12.78M	USD	Point-in-time
Accrued litigation expenses, noncurrent portion	`LitigationReserveNoncurrent`	$2.74M	USD	Point-in-time
Accrued litigation expenses, noncurrent portion	`LitigationReserveNoncurrent`	$3.64M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$2.48M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$2.44M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$102.50M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$87.98M	USD	Point-in-time
Commitments and contingencies (Note 4)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 4)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.00001 500,000 and 65,600 shares authorized as of March 31, 2014 and December 31, 2013; 59,916 and 10,032 shares issued and outstanding as of March 31, 2014 and December 31, 2013	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.19M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$262.29M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-147.06M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-152.17M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY (DEFICIT)	`StockholdersEquity`	$110.12M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY (DEFICIT)	`StockholdersEquity`	$-134.88M	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$198.09M	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$93.79M	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Products	`SalesRevenueGoodsNet`	$23.27M	USD	1 Quarter
Products	`SalesRevenueGoodsNet`	$36.42M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$6.31M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$9.33M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$29.58M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$45.74M	USD	1 Quarter
Products	`CostOfGoodsSold`	$7.43M	USD	1 Quarter
Products	`CostOfGoodsSold`	$4.91M	USD	1 Quarter
Services	`CostOfServices`	$1.70M	USD	1 Quarter
Services	`CostOfServices`	$2.63M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$6.60M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$10.05M	USD	1 Quarter
Gross profit	`GrossProfit`	$35.69M	USD	1 Quarter
Gross profit	`GrossProfit`	$22.98M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$15.59M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$21.56M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$7.77M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$11.21M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.36M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.83M	USD	1 Quarter
Litigation	`LitigationSettlementExpense`	$1.85M	USD	1 Quarter
Litigation	`LitigationSettlementExpense`	$3.40M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$30.59M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$39.98M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-7.62M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.29M	USD	1 Quarter
Interest expense	`InterestExpense`	$587.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$13.00K	USD	1 Quarter
Interest income and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$-681.00K	USD	1 Quarter
Interest income and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$-25.00K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-694.00K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-612.00K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.90M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-8.31M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$205.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$221.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.53M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.10M	USD	1 Quarter
Accretion of redeemable convertible preferred stock dividend	`TemporaryEquityAccretionOfDividends`	$-1.15M	USD	1 Quarter
Accretion of redeemable convertible preferred stock dividend	`TemporaryEquityAccretionOfDividends`	-	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted`	$-8.53M	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted`	$-6.25M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.45	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.95	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.95	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.45	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	13.94M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.00M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.94M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.00M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-8.53M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.38M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.25M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$863.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.77M	USD	1 Quarter
Provision for doubtful accounts and sales returns	`ProvisionForDoubtfulAccounts`	$263.00K	USD	1 Quarter
Provision for doubtful accounts and sales returns	`ProvisionForDoubtfulAccounts`	$184.00K	USD	1 Quarter
Change in fair value of convertible preferred stock warrant liability	`FairValueAdjustmentOfWarrants`	$2.00K	USD	1 Quarter
Unrealized foreign exchange gain	`ForeignCurrencyTransactionGainLossUnrealized`	$178.00K	USD	1 Quarter
Unrealized foreign exchange gain	`ForeignCurrencyTransactionGainLossUnrealized`	$3.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$1.24M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$2.99M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$210.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.78M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-723.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.28M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-849.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-341.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-578.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$870.00K	USD	1 Quarter
Accrued litigation expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$1.60M	USD	1 Quarter
Accrued litigation expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$89.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$316.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$2.71M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.10M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.97M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.02M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$708.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-708.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.02M	USD	1 Quarter
Proceeds from initial public offering, net of offering costs	`ProceedsFromIssuanceInitialPublicOfferingNet`	$124.18M	USD	1 Quarter
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$5.00M	USD	1 Quarter
Principal payments on revolving credit facility	`RepaymentsOfLinesOfCredit`	$20.00M	USD	1 Quarter
Principal payments on revolving credit facility	`RepaymentsOfLinesOfCredit`	$5.00M	USD	1 Quarter
Principal payments on term loan	`RepaymentsOfLongTermDebt`	$267.00K	USD	1 Quarter
Principal payments on borrowings under capital lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$74.00K	USD	1 Quarter
Principal payments on borrowings under capital lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$76.00K	USD	1 Quarter
Proceeds from exercise of convertible preferred stock warrants	`ProceedsFromWarrantExercises`	$813.00K	USD	1 Quarter
Proceeds from exercise of common stock options, net of repurchases of common stock	`ProceedsFromExerciseOfCommonStockOptionsNetOfRepurchasesOfCommonStock`	$-567.00K	USD	1 Quarter
Proceeds from exercise of common stock options, net of repurchases of common stock	`ProceedsFromExerciseOfCommonStockOptionsNetOfRepurchasesOfCommonStock`	$-2.25M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.04M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$106.35M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.77M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$101.36M	USD	1 Quarter
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.10M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.87M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.79M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$122.15M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$16.10M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$23.87M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$20.79M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$122.15M	USD	Point-in-time
Cash paid for income taxes, net of refunds	`IncomeTaxesPaidNet`	$329.00K	USD	1 Quarter
Cash paid for income taxes, net of refunds	`IncomeTaxesPaidNet`	$415.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$13.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$341.00K	USD	1 Quarter
Reclassification of the convertible preferred stock warrant liability to additional paid-in capital upon the exercise of the convertible preferred stock warrants	`ReclassificationOfTheConvertiblePreferredStockWarrantLiabilityToAdditionalPaidInCapitalUponTheExerciseOfTheConvertiblePreferredStockWarrants`	$2.20M	USD	1 Quarter
Inventory transfers to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$1.46M	USD	1 Quarter
Inventory transfers to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$1.42M	USD	1 Quarter
Purchases of property and equipment included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$102.00K	USD	1 Quarter
Purchases of property and equipment included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$243.00K	USD	1 Quarter
Costs related to the initial public offering included in accounts payable and accrued liabilities	`CostsRelatedToInitialPublicOfferingIncludedInAccountsPayableAndAccruedLiabilities`	$1.43M	USD	1 Quarter
Vesting of early exercised stock options	`VestingOfEarlyExercisedStockOptions`	$168.00K	USD	1 Quarter
Vesting of early exercised stock options	`VestingOfEarlyExercisedStockOptions`	$153.00K	USD	1 Quarter
Accretion of Series D redeemable convertible preferred stock	`PreferredStockAccretionOfRedemptionDiscount`	$1.15M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.