10-Q Filing

A10 NETWORKS, INC. CIK: 1580808 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001580808-19-000008`
Period End Date	20190331
Filing Date	20190508
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	aten-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 42 Cash Flow Statement 54 Stockholders Equity 8 Comprehensive Income 6

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$40.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.97M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$88.78M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$87.75M	USD	Point-in-time
Accounts receivable, net of allowances of $219 and $319, respectively	`AccountsReceivableNetCurrent`	$44.80M	USD	Point-in-time
Accounts receivable, net of allowances of $219 and $319, respectively	`AccountsReceivableNetCurrent`	$53.97M	USD	Point-in-time
Inventory	`InventoryNet`	$20.95M	USD	Point-in-time
Inventory	`InventoryNet`	$17.93M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.66M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$17.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$214.94M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$205.62M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.26M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.68M	USD	Point-in-time
Goodwill	`Goodwill`	$1.31M	USD	Point-in-time
Goodwill	`Goodwill`	$1.31M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$3.39M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$3.75M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$13.99M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$8.62M	USD	Point-in-time
Total assets	`Assets`	$235.88M	USD	Point-in-time
Total assets	`Assets`	$231.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.20M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$25.29M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$25.44M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$63.87M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$62.53M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$97.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$96.10M	USD	Point-in-time
Deferred revenue, non-current	`ContractWithCustomerLiabilityNoncurrent`	$36.04M	USD	Point-in-time
Deferred revenue, non-current	`ContractWithCustomerLiabilityNoncurrent`	$34.09M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$3.06M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$534.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$135.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$131.99M	USD	Point-in-time
Commitments and contingencies (Note 2 and Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 2 and Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.00001 par value: 500,000 shares authorized; 75,183 and 74,301 shares issued and outstanding, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, $0.00001 par value: 500,000 shares authorized; 75,183 and 74,301 shares issued and outstanding, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$376.27M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$381.19M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$96.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-144.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-284.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-272.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$103.88M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$100.36M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$96.77M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$235.88M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$231.98M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$219.00K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$319.00K	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
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	74.30M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	75.18M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	75.18M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	74.30M	shares	Point-in-time
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$49.18M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$50.29M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$11.88M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$12.25M	USD	1 Quarter
Gross profit	`GrossProfit`	$37.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$38.04M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$26.90M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$24.48M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$18.80M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$16.17M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.59M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.36M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$49.01M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$57.30M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-20.00M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-10.97M	USD	1 Quarter
Interest expense	`InterestExpense`	$155.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$33.00K	USD	1 Quarter
Interest and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$-633.00K	USD	1 Quarter
Interest and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$566.00K	USD	1 Quarter
Total non-operating income (expense), net	`NonoperatingIncomeExpense`	$533.00K	USD	1 Quarter
Total non-operating income (expense), net	`NonoperatingIncomeExpense`	$-788.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-11.76M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-19.46M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$207.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$517.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.27M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-19.67M	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.16	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`	74.81M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-19.67M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-12.27M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.45M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.13M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$8.15M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.90M	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$246.00K	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$-389.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-9.29M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-94.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$3.33M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-827.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.41M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.69M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-492.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.20M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-3.62M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$3.60M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$7.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$603.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-71.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-18.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.06M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-352.00K	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$8.67M	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$10.71M	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$17.15M	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$4.50M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$13.86M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$27.22M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.13M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$936.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-494.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.62M	USD	1 Quarter
Proceeds from issuance of common stock under employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.27M	USD	1 Quarter
Proceeds from issuance of common stock under employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.03M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-26.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.02M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.24M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$397.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.65M	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$33.97M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$40.62M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.57M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.96M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$33.97M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$40.62M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.57M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.96M	USD	Point-in-time
Inventory transfers to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$303.00K	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`	$485.00K	USD	1 Quarter

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$103.88M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$100.36M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$96.77M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-12.27M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-19.67M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$103.88M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$100.36M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$96.77M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-12.27M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-19.67M	USD	1 Quarter
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-173.00K	USD	1 Quarter
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$240.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-12.03M	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.