10-Q Filing

A10 NETWORKS, INC. CIK: 1580808 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001580808-15-000018`
Period End Date	20150331
Filing Date	20150506
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	aten-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 50 Cash Flow Statement 56

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.25M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.77M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$91.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$85.57M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	61.38M	shares	Point-in-time
Accounts receivable, net of allowances of $2,775 and $3,246 as of March 31, 2015 and December 31, 2014	`AccountsReceivableNetCurrent`	$52.76M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	61.59M	shares	Point-in-time
Accounts receivable, net of allowances of $2,775 and $3,246 as of March 31, 2015 and December 31, 2014	`AccountsReceivableNetCurrent`	$54.00M	USD	Point-in-time
Inventory	`InventoryNet`	$19.77M	USD	Point-in-time
Inventory	`InventoryNet`	$20.70M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	61.38M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	61.59M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.73M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$171.34M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$162.30M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.95M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$10.78M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$4.70M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$4.86M	USD	Point-in-time
Total Assets	`Assets`	$186.98M	USD	Point-in-time
Total Assets	`Assets`	$176.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.99M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.99M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$22.43M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$19.85M	USD	Point-in-time
Deferred revenue, current	`DeferredRevenueCurrent`	$40.16M	USD	Point-in-time
Deferred revenue, current	`DeferredRevenueCurrent`	$39.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$70.69M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$67.99M	USD	Point-in-time
Deferred revenue, non-current	`DeferredRevenueNoncurrent`	$17.96M	USD	Point-in-time
Deferred revenue, non-current	`DeferredRevenueNoncurrent`	$19.50M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.77M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.56M	USD	Point-in-time
Total Liabilities	`Liabilities`	$89.06M	USD	Point-in-time
Total Liabilities	`Liabilities`	$90.42M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.00001 500,000 shares authorized as of March 31, 2015 and December 31, 2014; 61,593 and 61,377 shares issued and outstanding as of March 31, 2015 and December 31, 2014	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, par value $0.00001 500,000 shares authorized as of March 31, 2015 and December 31, 2014; 61,593 and 61,377 shares issued and outstanding as of March 31, 2015 and December 31, 2014	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$278.35M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$283.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-195.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-181.78M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$96.56M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$87.89M	USD	Point-in-time
Total Liabilities And Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$176.95M	USD	Point-in-time
Total Liabilities And Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$186.98M	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Products	`SalesRevenueGoodsNet`	$36.42M	USD	1 Quarter
Products	`SalesRevenueGoodsNet`	$30.52M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$13.50M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$9.33M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$44.02M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$45.74M	USD	1 Quarter
Products	`CostOfGoodsSold`	$7.06M	USD	1 Quarter
Products	`CostOfGoodsSold`	$7.43M	USD	1 Quarter
Services	`CostOfServices`	$2.63M	USD	1 Quarter
Services	`CostOfServices`	$3.72M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$10.79M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$10.05M	USD	1 Quarter
Gross profit	`GrossProfit`	$33.23M	USD	1 Quarter
Gross profit	`GrossProfit`	$35.69M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$24.52M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$21.56M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$11.21M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$14.31M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.53M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.36M	USD	1 Quarter
Litigation expense	`LitigationSettlementExpense`	$445.00K	USD	1 Quarter
Litigation expense	`LitigationSettlementExpense`	$1.85M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$39.98M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$46.80M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.29M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-13.57M	USD	1 Quarter
Interest expense	`InterestExpense`	$587.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$127.00K	USD	1 Quarter
Interest income and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$-25.00K	USD	1 Quarter
Interest income and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$27.00K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-612.00K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-100.00K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.90M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-13.67M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$62.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$205.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-13.73M	USD	1 Quarter
Accretion of redeemable convertible preferred stock dividend	`TemporaryEquityAccretionOfDividends`	-	USD	1 Quarter
Accretion of redeemable convertible preferred stock dividend	`TemporaryEquityAccretionOfDividends`	$-1.15M	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-13.73M	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.25M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.22	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.45	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.45	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.22	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.94M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	61.48M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.94M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	61.48M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-13.73M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.49M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.25M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.63M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.77M	USD	1 Quarter
Provision for doubtful accounts and sales returns	`ProvisionForDoubtfulAccounts`	$144.00K	USD	1 Quarter
Provision for doubtful accounts and sales returns	`ProvisionForDoubtfulAccounts`	$263.00K	USD	1 Quarter
Unrealized foreign exchange gain	`ForeignCurrencyTransactionGainLossUnrealized`	$178.00K	USD	1 Quarter
Unrealized foreign exchange gain	`ForeignCurrencyTransactionGainLossUnrealized`	$162.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-1.31M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$1.24M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.78M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-185.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-709.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.28M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-987.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-341.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-2.64M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$870.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$2.71M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$2.44M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-115.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-89.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.50M	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`	$901.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-901.00K	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 initial public offering, net of offering costs	`ProceedsFromIssuanceInitialPublicOfferingNet`	-	USD	1 Quarter
Principal payments on revolving credit facility	`RepaymentsOfLinesOfCredit`	$20.00M	USD	1 Quarter
Principal payments on revolving credit facility	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Proceeds from Issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$-2.25M	USD	1 Quarter
Proceeds from Issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$-64.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-76.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$64.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$106.35M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$101.36M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.33M	USD	1 Quarter
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$91.91M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$85.57M	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`	$91.91M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$85.57M	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
Inventory transfers to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$747.00K	USD	1 Quarter
Inventory transfers to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$1.42M	USD	1 Quarter
Costs related to the initial public offering included in accounts payable and accrued liabilities	`CostsRelatedToInitialPublicOfferingIncludedInAccountsPayableAndAccruedLiabilities`	-	USD	1 Quarter
Costs related to the initial public offering included in accounts payable and accrued liabilities	`CostsRelatedToInitialPublicOfferingIncludedInAccountsPayableAndAccruedLiabilities`	$1.43M	USD	1 Quarter
Accretion of Series D redeemable convertible preferred stock	`PreferredStockAccretionOfRedemptionDiscount`	-	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.