10-Q Filing

A10 NETWORKS, INC. CIK: 1580808 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001580808-18-000033`
Period End Date	20180331
Filing Date	20180924
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	aten-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 32 Cash Flow Statement 56 Comprehensive Income 6

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$850.00K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$983.00K	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.58M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.57M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$84.57M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	71.69M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$83.74M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	72.71M	shares	Point-in-time
Accounts receivable, net of allowances of $850 and $983, respectively	`AccountsReceivableNetCurrent`	$48.27M	USD	Point-in-time
Accounts receivable, net of allowances of $850 and $983, respectively	`AccountsReceivableNetCurrent`	$47.76M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	72.71M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	71.69M	shares	Point-in-time
Inventory	`InventoryNet`	$17.58M	USD	Point-in-time
Inventory	`InventoryNet`	$16.19M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.35M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.83M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$209.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$203.80M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.91M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.63M	USD	Point-in-time
Goodwill	`Goodwill`	$1.31M	USD	Point-in-time
Goodwill	`Goodwill`	$1.31M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$5.19M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$4.83M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$4.65M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$7.23M	USD	Point-in-time
Total assets	`Assets`	$232.00M	USD	Point-in-time
Total assets	`Assets`	$224.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.63M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.03M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$25.49M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$21.84M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$65.73M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$61.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$98.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$92.73M	USD	Point-in-time
Deferred revenue, non-current	`ContractWithCustomerLiabilityNoncurrent`	$32.78M	USD	Point-in-time
Deferred revenue, non-current	`ContractWithCustomerLiabilityNoncurrent`	$31.89M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$967.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$884.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$126.47M	USD	Point-in-time
Total liabilities	`Liabilities`	$131.64M	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.00001 par value: 500,000 shares authorized; 72,707 and 71,692 shares issued and outstanding, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, $0.00001 par value: 500,000 shares authorized; 72,707 and 71,692 shares issued and outstanding, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$355.53M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$364.95M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-296.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-123.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-257.02M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-264.30M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$100.36M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$98.39M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$232.00M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$224.86M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$49.18M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$63.93M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$11.88M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$14.74M	USD	1 Quarter
Gross profit	`GrossProfit`	$37.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$49.19M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$26.26M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$26.90M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$17.04M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$18.80M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.65M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.59M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$57.30M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$50.95M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-20.00M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.76M	USD	1 Quarter
Interest expense	`InterestExpense`	$44.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$33.00K	USD	1 Quarter
Interest and other income, net	`InterestIncomeAndOtherIncomeExpenseNet`	$566.00K	USD	1 Quarter
Interest and other income, net	`InterestIncomeAndOtherIncomeExpenseNet`	$842.00K	USD	1 Quarter
Total non-operating income, net	`NonoperatingIncomeExpense`	$533.00K	USD	1 Quarter
Total non-operating income, net	`NonoperatingIncomeExpense`	$798.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-19.46M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-963.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$374.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$207.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-19.67M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.34M	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.27	USD	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	72.23M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	68.57M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-19.67M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.13M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.20M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$8.15M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.32M	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$278.00K	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$-389.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-94.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-1.76M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-827.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.62M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.70M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.69M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.20M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.62M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.65M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$3.60M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$490.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$7.00M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-18.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$14.00K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-352.00K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$545.00K	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$7.62M	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$10.71M	USD	1 Quarter
Maturities of marketable securities	`ProceedsFromMaturityOfMarketableSecurities`	$17.15M	USD	1 Quarter
Maturities of marketable securities	`ProceedsFromMaturityOfMarketableSecurities`	$10.69M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$18.62M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$27.22M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$678.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.13M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-494.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-980.00K	USD	1 Quarter
Proceeds from issuance of common stock under employee equity incentive plans	`ProceedsFromIssuanceOfCommonStock`	$1.27M	USD	1 Quarter
Proceeds from issuance of common stock under employee equity incentive plans	`ProceedsFromIssuanceOfCommonStock`	$2.06M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-25.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-26.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.24M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.04M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.60M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$397.00K	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.98M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.96M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.58M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.57M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$28.98M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$46.96M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.58M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$46.57M	USD	Point-in-time
Inventory transfers to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$783.00K	USD	1 Quarter
Inventory transfers to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$561.00K	USD	1 Quarter
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$87.00K	USD	1 Quarter
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$458.00K	USD	1 Quarter
Vesting of early exercised stock options	`VestingOfEarlyExercisedStockOptions`	-	USD	1 Quarter
Vesting of early exercised stock options	`VestingOfEarlyExercisedStockOptions`	$41.00K	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-19.67M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.34M	USD	1 Quarter
Unrealized loss on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-173.00K	USD	1 Quarter
Unrealized loss on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.34M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-19.84M	USD	1 Quarter

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