10-Q Filing

A10 NETWORKS, INC. CIK: 1580808 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001580808-22-000092`
Period End Date	20220331
Filing Date	20220505
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	aten-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 34 Cash Flow Statement 54 Stockholders Equity 20 Comprehensive Income 6

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$708.00K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$543.00K	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`	$78.92M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$67.76M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$96.94M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	84.18M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	85.12M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$106.12M	USD	Point-in-time
Accounts receivable, net of allowances of $708 and $543, respectively	`AccountsReceivableNetCurrent`	$61.80M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	75.70M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	77.42M	shares	Point-in-time
Accounts receivable, net of allowances of $708 and $543, respectively	`AccountsReceivableNetCurrent`	$49.28M	USD	Point-in-time
Inventory	`InventoryNet`	$20.83M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	7.29M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	9.42M	shares	Point-in-time
Inventory	`InventoryNet`	$22.46M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$17.42M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.72M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$252.23M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$284.02M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$13.46M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$10.69M	USD	Point-in-time
Goodwill	`Goodwill`	$1.31M	USD	Point-in-time
Goodwill	`Goodwill`	$1.31M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$65.56M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$65.77M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$29.19M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$31.29M	USD	Point-in-time
Total assets	`Assets`	$361.75M	USD	Point-in-time
Total assets	`Assets`	$393.08M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.99M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.85M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$30.21M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$36.10M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$74.12M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$73.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$109.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$116.08M	USD	Point-in-time
Deferred revenue, non-current	`ContractWithCustomerLiabilityNoncurrent`	$47.22M	USD	Point-in-time
Deferred revenue, non-current	`ContractWithCustomerLiabilityNoncurrent`	$48.50M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$19.61M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$19.21M	USD	Point-in-time
Total liabilities	`Liabilities`	$184.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$175.77M	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; 85,117 and 84,717 shares issued and 75,701 and 77,423 shares outstanding, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, $0.00001 par value: 500,000 shares authorized; 85,117 and 84,717 shares issued and 75,701 and 77,423 shares outstanding, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Treasury stock, at cost: 9,416 and 7,294 shares, respectively	`TreasuryStockCommonValue`	$55.68M	USD	Point-in-time
Treasury stock, at cost: 9,416 and 7,294 shares, respectively	`TreasuryStockCommonValue`	$84.00M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$449.74M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$446.04M	USD	Point-in-time
Dividends paid	`CumulativeDividends`	$3.88M	USD	Point-in-time
Dividends paid	`CumulativeDividends`	$7.75M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.00M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-229.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-171.01M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-177.36M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$185.98M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$115.97M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$208.89M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$124.66M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$393.08M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$361.75M	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`	$62.67M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$12.50M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$12.84M	USD	1 Quarter
Gross profit	`GrossProfit`	$42.34M	USD	1 Quarter
Gross profit	`GrossProfit`	$49.83M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$22.78M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$19.09M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$13.98M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$12.89M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.16M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.25M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$38.32M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$41.83M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$4.02M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$8.00M	USD	1 Quarter
Interest and other expense, net	`InterestIncomeExpenseNet`	$-513.00K	USD	1 Quarter
Interest and other expense, net	`InterestIncomeExpenseNet`	$-1.18M	USD	1 Quarter
Total non-operating expense, net	`NonoperatingIncomeExpense`	$-513.00K	USD	1 Quarter
Total non-operating expense, net	`NonoperatingIncomeExpense`	$-1.18M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossAttributableToNoncontrollingInterest`	$2.84M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossAttributableToNoncontrollingInterest`	$7.49M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$184.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.14M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.35M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	76.70M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	76.80M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	79.64M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	79.28M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.35M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.41M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.84M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.45M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.40M	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$-287.00K	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$-181.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-12.54M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$315.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-1.43M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-1.09M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.57M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$60.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.86M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-501.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-6.29M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-12.11M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$4.52M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-280.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.27M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$15.91M	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$1.30M	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$4.55M	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$17.17M	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$24.14M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$36.20M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$13.63M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$769.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.14M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.53M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$4.95M	USD	1 Quarter
Proceeds from issuance of common stock under employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$165.00K	USD	1 Quarter
Proceeds from issuance of common stock under employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.76M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$88.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$28.32M	USD	1 Quarter
Payments for dividends	`PaymentsOfDividends`	$3.87M	USD	1 Quarter
Payments for dividends	`PaymentsOfDividends`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.67M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-32.03M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-7.58M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-11.17M	USD	1 Quarter
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$78.92M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$75.70M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$83.28M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$67.76M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$78.92M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$75.70M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$83.28M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$67.76M	USD	Point-in-time
Transfers between inventory and property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$196.00K	USD	1 Quarter
Transfers between inventory and property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$97.00K	USD	1 Quarter
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$1.00K	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`	$185.98M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$115.97M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$208.89M	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 loss on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-88.00K	USD	1 Quarter
Unrealized loss on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-776.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.35M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$185.98M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$115.97M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$208.89M	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`	$28.32M	USD	1 Quarter
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	75.70M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	77.42M	shares	Point-in-time
Treasury Stock, Shares, Acquired	`TreasuryStockSharesAcquired`	2.60M	shares	2 Qtrs
Treasury Stock, Shares, Acquired	`TreasuryStockSharesAcquired`	2.10M	shares	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.35M	USD	1 Quarter
Unrealized loss on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-88.00K	USD	1 Quarter
Unrealized loss on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-776.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.57M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.57M	USD	1 Quarter

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