10-Q Filing

A10 NETWORKS, INC. CIK: 1580808 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001580808-21-000077`
Period End Date	20210331
Filing Date	20210430
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	aten-20210331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 34 Cash Flow Statement 52 Stockholders Equity 20 Comprehensive Income 6

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.00K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$41.00K	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`	$83.28M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$75.70M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$85.26M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$74.85M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	76.35M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	77.10M	shares	Point-in-time
Accounts receivable, net of allowances of $4 and $41, respectively	`AccountsReceivableNetCurrent`	$51.05M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	77.10M	shares	Point-in-time
Accounts receivable, net of allowances of $4 and $41, respectively	`AccountsReceivableNetCurrent`	$51.45M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	76.35M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	5.59M	shares	Point-in-time
Inventory	`InventoryNet`	$20.73M	USD	Point-in-time
Inventory	`InventoryNet`	$19.55M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	5.58M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$12.39M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$13.02M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$242.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$244.97M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.89M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.22M	USD	Point-in-time
Goodwill	`Goodwill`	$1.31M	USD	Point-in-time
Goodwill	`Goodwill`	$1.31M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$502.00K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$862.00K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$36.57M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$38.45M	USD	Point-in-time
Total assets	`Assets`	$291.58M	USD	Point-in-time
Total assets	`Assets`	$290.81M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.52M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.85M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$26.20M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$36.93M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$66.00M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$68.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$99.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$107.78M	USD	Point-in-time
Deferred revenue, non-current	`ContractWithCustomerLiabilityNoncurrent`	$44.92M	USD	Point-in-time
Deferred revenue, non-current	`ContractWithCustomerLiabilityNoncurrent`	$42.70M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$24.36M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$22.98M	USD	Point-in-time
Total liabilities	`Liabilities`	$174.84M	USD	Point-in-time
Total liabilities	`Liabilities`	$166.92M	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; 77,102 and 76,346 shares issued and outstanding, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, $0.00001 par value: 500,000 shares authorized; 77,102 and 76,346 shares issued and outstanding, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Treasury stock, at cost: 5,587 and 5,578 shares, respectively	`TreasuryStockCommonValue`	$37.41M	USD	Point-in-time
Treasury stock, at cost: 5,587 and 5,578 shares, respectively	`TreasuryStockCommonValue`	$37.50M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$425.53M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$431.74M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$98.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$10.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-269.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-272.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$115.97M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$108.79M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$113.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$124.66M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$290.81M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$291.58M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$54.84M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$53.76M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$12.14M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$12.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$41.62M	USD	1 Quarter
Gross profit	`GrossProfit`	$42.34M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$19.09M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$20.62M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$15.31M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$13.98M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.25M	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`	$38.32M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-209.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$4.02M	USD	1 Quarter
Interest and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$231.00K	USD	1 Quarter
Interest and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$-1.18M	USD	1 Quarter
Total non-operating income (expense), net	`NonoperatingIncomeExpense`	$231.00K	USD	1 Quarter
Total non-operating income (expense), net	`NonoperatingIncomeExpense`	$-1.18M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossAttributableToNoncontrollingInterest`	$22.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossAttributableToNoncontrollingInterest`	$2.84M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$184.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$319.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-297.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.66M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	78.06M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	76.70M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	78.06M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	79.64M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-297.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.66M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.41M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.31M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.04M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.40M	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$-181.00K	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$13.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$315.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-10.77M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-1.09M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-1.47M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$60.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.43M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-501.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.72M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-12.11M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-4.92M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$4.52M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$114.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.18M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.27M	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$1.30M	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$1.91M	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$24.14M	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$10.18M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$5.52M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$36.20M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$769.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$868.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$5.70M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.53M	USD	1 Quarter
Proceeds from issuance of common stock under employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.76M	USD	1 Quarter
Proceeds from issuance of common stock under employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$2.00M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$88.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.00M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.67M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-7.58M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$19.89M	USD	1 Quarter
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$45.74M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$83.28M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$75.70M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$65.63M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$45.74M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$83.28M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$75.70M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$65.63M	USD	Point-in-time
Inventory transfers to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$149.00K	USD	1 Quarter
Inventory transfers to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$97.00K	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`	$172.00K	USD	1 Quarter

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$115.97M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$108.79M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$113.25M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$124.66M	USD	Point-in-time
Common stock issued under employee equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	1 Quarter
Common stock issued under employee equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	1 Quarter
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-288.00K	USD	1 Quarter
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-88.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-297.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.66M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$115.97M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$108.79M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$113.25M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$124.66M	USD	Point-in-time
Stock Repurchased During Period, Value	`StockRepurchasedDuringPeriodValue`	$88.00K	USD	1 Quarter
Stock Repurchased During Period, Value	`StockRepurchasedDuringPeriodValue`	-	USD	1 Quarter
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	77.10M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	76.35M	shares	Point-in-time
Treasury Stock, Shares, Acquired	`TreasuryStockSharesAcquired`	10,000.00	shares	1 Quarter
Treasury Stock, Shares, Acquired	`TreasuryStockSharesAcquired`	2.70M	shares	2 Qtrs

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-297.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.66M	USD	1 Quarter
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-288.00K	USD	1 Quarter
Unrealized gain (loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-88.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-585.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$2.57M	USD	1 Quarter

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