10-Q Filing

A10 NETWORKS, INC. CIK: 1580808 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001580808-20-000029`
Period End Date	20200331
Filing Date	20200508
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	aten-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 36 Cash Flow Statement 54 Stockholders Equity 12 Comprehensive Income 6

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$267.00K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$52.00K	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`	$45.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$65.63M	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
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$77.27M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$84.18M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	78.71M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	77.58M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	78.71M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	77.58M	shares	Point-in-time
Accounts receivable, net of allowances of $267 and $52, respectively	`AccountsReceivableNetCurrent`	$42.86M	USD	Point-in-time
Accounts receivable, net of allowances of $267 and $52, respectively	`AccountsReceivableNetCurrent`	$53.57M	USD	Point-in-time
Inventory	`InventoryNet`	$22.38M	USD	Point-in-time
Inventory	`InventoryNet`	$20.76M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$12.52M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.07M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$220.94M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$219.05M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.46M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.66M	USD	Point-in-time
Goodwill	`Goodwill`	$1.31M	USD	Point-in-time
Goodwill	`Goodwill`	$1.31M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$2.31M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$1.94M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$40.29M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$41.85M	USD	Point-in-time
Total assets	`Assets`	$274.05M	USD	Point-in-time
Total assets	`Assets`	$270.06M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.94M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.59M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$27.76M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$24.24M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$62.72M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$62.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$90.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$97.58M	USD	Point-in-time
Deferred revenue, non-current	`ContractWithCustomerLiabilityNoncurrent`	$38.56M	USD	Point-in-time
Deferred revenue, non-current	`ContractWithCustomerLiabilityNoncurrent`	$38.93M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$27.35M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$28.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$165.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$156.81M	USD	Point-in-time
Commitments and contingencies (Note 2 and Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 2 and Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.00001 par value: 500,000 shares authorized; 78,710 and 77,580 shares issued and outstanding, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, $0.00001 par value: 500,000 shares authorized; 78,710 and 77,580 shares issued and outstanding, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$398.60M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$403.65M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-37.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$251.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-290.06M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-290.36M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$96.77M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$113.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$108.79M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$270.06M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$274.05M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$53.76M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$50.29M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$12.14M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$12.25M	USD	1 Quarter
Gross profit	`GrossProfit`	$38.04M	USD	1 Quarter
Gross profit	`GrossProfit`	$41.62M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$20.62M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$24.48M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$16.17M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$15.31M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.36M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.89M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$41.83M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$49.01M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-10.97M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-209.00K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$155.00K	USD	1 Quarter
Interest and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$-633.00K	USD	1 Quarter
Interest and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$231.00K	USD	1 Quarter
Total non-operating income (expense), net	`NonoperatingIncomeExpense`	$231.00K	USD	1 Quarter
Total non-operating income (expense), net	`NonoperatingIncomeExpense`	$-788.00K	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-11.76M	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$319.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$517.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.27M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-297.00K	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.16	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.16	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	78.06M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	74.81M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	78.06M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	74.81M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-12.27M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-297.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.45M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.31M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.90M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.04M	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$13.00K	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$246.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-10.77M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-9.29M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-1.47M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$3.33M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.43M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.41M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.72M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-492.00K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-3.62M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-4.92M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$603.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$114.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-71.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	-	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.18M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.06M	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$8.67M	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$1.91M	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$10.18M	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`	$5.52M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$936.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$868.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.62M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$5.70M	USD	1 Quarter
Proceeds from issuance of common stock under employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$2.00M	USD	1 Quarter
Proceeds from issuance of common stock under employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.03M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.00M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.02M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$19.89M	USD	1 Quarter
Net increase (decrease) 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`	$65.63M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$45.74M	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`	$65.63M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$45.74M	USD	Point-in-time
Inventory transfers to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$303.00K	USD	1 Quarter
Inventory transfers to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$149.00K	USD	1 Quarter
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$63.00K	USD	1 Quarter
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$485.00K	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$96.77M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$113.25M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$108.79M	USD	Point-in-time
Common stock issued (in shares)	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock issued (in shares)	`CommonStockValue`	$1.00K	USD	Point-in-time
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-288.00K	USD	1 Quarter
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$240.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.27M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-297.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$96.77M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$113.25M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$108.79M	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`	$-297.00K	USD	1 Quarter
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-288.00K	USD	1 Quarter
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$240.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-585.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-12.03M	USD	1 Quarter

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