10-Q Filing

A10 NETWORKS, INC. CIK: 1580808 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001580808-18-000037`
Period End Date	20180630
Filing Date	20181009
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	aten-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 64 Cash Flow Statement 62 Comprehensive Income 12

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$851.00K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.38M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$40.57M	USD	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`	$46.57M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$84.57M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	72.71M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$86.82M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	71.69M	shares	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
Accounts receivable, net of allowances of $851 and $983, respectively	`AccountsReceivableNetCurrent`	$50.37M	USD	Point-in-time
Accounts receivable, net of allowances of $851 and $983, respectively	`AccountsReceivableNetCurrent`	$48.27M	USD	Point-in-time
Inventory	`InventoryNet`	$14.96M	USD	Point-in-time
Inventory	`InventoryNet`	$17.58M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.83M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$12.98M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$203.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$205.70M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.91M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.68M	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`	$4.47M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$4.65M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$8.55M	USD	Point-in-time
Total assets	`Assets`	$228.71M	USD	Point-in-time
Total assets	`Assets`	$224.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.03M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$21.84M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$25.15M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$64.91M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$61.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$96.30M	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`	$33.18M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$760.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$967.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$130.23M	USD	Point-in-time
Total liabilities	`Liabilities`	$126.47M	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`	$367.52M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-221.00K	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`	$-268.83M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$98.47M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$98.39M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$228.71M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$224.86M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$109.90M	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$60.71M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$117.91M	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$53.97M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$13.19M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$12.80M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$27.54M	USD	2 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$25.07M	USD	2 Qtrs
Gross profit	`GrossProfit`	$47.53M	USD	1 Quarter
Gross profit	`GrossProfit`	$41.17M	USD	1 Quarter
Gross profit	`GrossProfit`	$90.36M	USD	2 Qtrs
Gross profit	`GrossProfit`	$84.83M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$52.69M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$25.56M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$25.79M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$51.82M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$33.53M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$15.57M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$34.37M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$16.49M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$14.50M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$9.86M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.85M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$21.45M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$99.86M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$108.51M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$48.90M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$51.22M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-7.73M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.69M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-23.69M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-9.49M	USD	2 Qtrs
Interest expense	`InterestExpense`	$64.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$32.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$108.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$65.00K	USD	2 Qtrs
Interest and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$816.00K	USD	2 Qtrs
Interest and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$-429.00K	USD	1 Quarter
Interest and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$137.00K	USD	2 Qtrs
Interest and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$-26.00K	USD	1 Quarter
Total non-operating income (expense), net	`NonoperatingIncomeExpense`	$-90.00K	USD	1 Quarter
Total non-operating income (expense), net	`NonoperatingIncomeExpense`	$72.00K	USD	2 Qtrs
Total non-operating income (expense), net	`NonoperatingIncomeExpense`	$708.00K	USD	2 Qtrs
Total non-operating income (expense), net	`NonoperatingIncomeExpense`	$-461.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-7.82M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-23.62M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-8.78M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.15M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$379.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$586.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$135.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$509.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-9.29M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-4.53M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.96M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-24.20M	USD	2 Qtrs
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	2 Qtrs
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.33	USD	2 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	72.47M	shares	2 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	69.77M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	69.17M	shares	2 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	72.71M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-9.29M	USD	2 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-24.20M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.10M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.33M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$10.72M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$9.28M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.57M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.96M	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$234.00K	USD	2 Qtrs
Other non-cash items	`OtherNoncashIncomeExpense`	$-386.00K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-20.98M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$1.94M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$1.59M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-1.99M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$705.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.11M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.04M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.81M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$3.16M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-5.54M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$7.45M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$108.00K	USD	2 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-33.00K	USD	2 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-119.00K	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.77M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.57M	USD	2 Qtrs
Proceeds from sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$13.88M	USD	2 Qtrs
Proceeds from sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$14.22M	USD	2 Qtrs
Maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$30.66M	USD	2 Qtrs
Maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$32.32M	USD	2 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$46.89M	USD	2 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$47.07M	USD	2 Qtrs
Purchase of investment	`PaymentsToAcquireInvestments`	$1.00M	USD	2 Qtrs
Purchase of investment	`PaymentsToAcquireInvestments`	-	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.29M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.51M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.65M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.04M	USD	2 Qtrs
Proceeds from issuance of common stock under employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.27M	USD	2 Qtrs
Proceeds from issuance of common stock under employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$7.21M	USD	2 Qtrs
Repurchases and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Repurchases and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$816.00K	USD	2 Qtrs
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$650.00K	USD	2 Qtrs
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	-	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-57.00K	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-52.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.22M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.68M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$17.41M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.00M	USD	2 Qtrs
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.38M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$40.57M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.98M	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`	$46.38M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$40.57M	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`	$46.57M	USD	Point-in-time
Inventory transfers to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$619.00K	USD	2 Qtrs
Inventory transfers to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$1.90M	USD	2 Qtrs
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$440.00K	USD	2 Qtrs
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$38.00K	USD	2 Qtrs

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-9.29M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-4.53M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.96M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-24.20M	USD	2 Qtrs
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-98.00K	USD	2 Qtrs
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.00K	USD	2 Qtrs
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$75.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-4.46M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-24.30M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-7.96M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-9.29M	USD	2 Qtrs

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