A10 Networks was founded in 2004 and is headquartered in San Jose, US

A10 Networks has offices in San Jose and Solna

San Jose, US (HQ)

3 W Plumeria Dr

Solna, SE

15 Svetsarvägen

A10 Networks's revenue was reported to be $60.3 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 60.3 m |

## Gross profit (Q1, 2017) | 46.1 m |

## Gross profit margin (Q1, 2017), % | 77% |

## Net income (Q1, 2017) | (3.9 m) |

## EBIT (Q1, 2017) | (4.3 m) |

## Market capitalization (22-Aug-2017) | 424.2 m |

## Cash (31-Mar-2017) | 30.6 m |

A10 Networks's current market capitalization is $424.2 m.

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Revenue | 179.5 m | 199 m | 230 m |

## Revenue growth, % | 11% | 16% | |

## Cost of goods sold | 42.9 m | 48.8 m | 54.9 m |

## Gross profit | 136.6 m | 150.2 m | 175.1 m |

## Gross profit Margin, % | 76% | 75% | 76% |

## Sales and marketing expense | 96.8 m | 104.5 m | 104.4 m |

## R&D expense | 49.9 m | 54.8 m | 60.7 m |

## General and administrative expense | 22.9 m | 27.1 m | 27.1 m |

## Operating expense total | 169.7 m | 186.4 m | 192.1 m |

## EBIT | (30.3 m) | (38.4 m) | (19.1 m) |

## EBIT margin, % | (17%) | (19%) | (8%) |

## Interest expense | 1 m | 509 k | 424 k |

## Interest income | 640 k | ||

## Pre tax profit | (33.2 m) | (39.3 m) | (20.2 m) |

## Income tax expense | 1.5 m | 747 k | 757 k |

## Net Income | (34.7 m) | (40 m) | (20.9 m) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 45.1 m | 43.4 m | 44 m | 47.5 m | 50.8 m | 53.8 m | 57.1 m | 55.1 m | 60.3 m |

## Cost of goods sold | 10.3 m | 11.8 m | 10.8 m | 11.6 m | 12.7 m | 13.2 m | 14.2 m | 12.9 m | 14.1 m |

## Gross profit | 34.8 m | 31.7 m | 33.2 m | 35.9 m | 38.1 m | 40.6 m | 42.9 m | 42.1 m | 46.1 m |

## Gross profit Margin, % | 77% | 73% | 75% | 76% | 75% | 75% | 75% | 76% | 77% |

## Sales and marketing expense | 24 m | 24.7 m | 24.5 m | 25 m | 25.8 m | 26.8 m | 26.8 m | 24.3 m | 26.3 m |

## R&D expense | 11.9 m | 12.3 m | 14.3 m | 13.7 m | 13.6 m | 14.8 m | 14.5 m | 16 m | 17 m |

## General and administrative expense | 5.5 m | 5.1 m | 7.5 m | 5.7 m | 6.9 m | 6.7 m | 7.2 m | 6.3 m | 7.2 m |

## Operating expense total | 41.4 m | 42.1 m | 46.4 m | 44.3 m | 46.2 m | 48.2 m | 48.5 m | 46.6 m | 50.5 m |

## EBIT | (724 k) | (11.4 m) | (13.6 m) | (9.4 m) | (8.6 m) | (9.4 m) | (5.8 m) | (4.6 m) | (4.3 m) |

## EBIT margin, % | (2%) | (26%) | (31%) | (20%) | (17%) | (18%) | (10%) | (8%) | (7%) |

## Interest expense | 125 k | 192 k | 127 k | 104 k | 151 k | 126 k | 126 k | 145 k | 44 k |

## Interest income | 842 k | ||||||||

## Pre tax profit | (987 k) | (12.1 m) | (13.7 m) | (9.7 m) | (8.8 m) | (9.3 m) | (4.9 m) | (4.4 m) | (3.5 m) |

## Income tax expense | 309 k | 233 k | 62 k | 231 k | 204 k | 204 k | 59 k | 298 k | 374 k |

## Net Income | (1.3 m) | (12.3 m) | (13.7 m) | (10 m) | (9 m) | (9.5 m) | (4.9 m) | (4.7 m) | (3.9 m) |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Cash | 91.9 m | 98.1 m | 29 m |

## Accounts Receivable | 100 k | ||

## Inventories | 4.7 m | 5.1 m | 5.1 m |

## Current Assets | 171.3 m | 179.3 m | 201.3 m |

## PP&E | 10.8 m | 8.9 m | 8.2 m |

## Total Assets | 187 m | 192.6 m | 221.3 m |

## Accounts Payable | 9 m | 10.5 m | 9.9 m |

## Current Liabilities | 70.7 m | 87.8 m | 102.7 m |

## Total Liabilities | 135.3 m | ||

## Additional Paid-in Capital | 278.3 m | 301.9 m | 328.9 m |

## Retained Earnings | (181.8 m) | (221.8 m) | (242.8 m) |

## Total Equity | 96.6 m | 80.1 m | 86.1 m |

## Financial Leverage | 1.9 x | 2.4 x | 2.6 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 112.1 m | 107.1 m | 85.6 m | 96.2 m | 100.5 m | 38.2 m | 28.6 m | 31.4 m | 30.6 m |

## Inventories | 18.5 m | 19.4 m | 19.8 m | 17.7 m | 17.6 m | 17.2 m | 14.3 m | 14.5 m | 16.5 m |

## Current Assets | 175.5 m | 173.9 m | 162.3 m | 165 m | 164.5 m | 173 m | 172.8 m | 184.9 m | 200.7 m |

## PP&E | 11.9 m | 11.8 m | 10 m | 9.3 m | 9.1 m | 8.6 m | 8.9 m | 8.9 m | 8.1 m |

## Total Assets | 192.2 m | 190.4 m | 176.9 m | 178.8 m | 178 m | 185.8 m | 192.5 m | 205.8 m | 221 m |

## Accounts Payable | 10.8 m | 11.2 m | 8 m | 6.1 m | 8.2 m | 9.6 m | 7.8 m | 9.4 m | 8.5 m |

## Current Liabilities | 63.1 m | 66.2 m | 68 m | 72.3 m | 73.5 m | 84.7 m | 88 m | 92.3 m | 97.2 m |

## Additional Paid-in Capital | 265.8 m | 271.4 m | 283.4 m | 290.1 m | 295.4 m | 306.9 m | 315.2 m | 323.6 m | 335.5 m |

## Retained Earnings | (153.5 m) | (165.8 m) | (195.5 m) | (205.5 m) | (214.5 m) | (231.4 m) | (236.3 m) | (241 m) | (246.9 m) |

## Total Equity | 112.4 m | 105.7 m | 87.9 m | 84.6 m | 80.9 m | 75.6 m | 79 m | 82.6 m | 88.6 m |

## Financial Leverage | 1.7 x | 1.8 x | 2 x | 2.1 x | 2.2 x | 2.5 x | 2.4 x | 2.5 x | 2.5 x |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Net Income | (34.7 m) | (40 m) | (20.9 m) |

## Depreciation and Amortization | 10.1 m | 8.7 m | 8.3 m |

## Accounts Receivable | (17.3 m) | (6 m) | (11.3 m) |

## Inventories | (8.9 m) | (430 k) | 892 k |

## Accounts Payable | 903 k | 1.1 m | (334 k) |

## Cash From Operating Activities | 71.1 m | 6.2 m | 18.8 m |

## Purchases of PP&E | (6.1 m) | (3.5 m) | (4.9 m) |

## Cash From Investing Activities | (6.1 m) | (3.5 m) | (96.4 m) |

## Cash From Financing Activities | 107.8 m | 6.3 m | 8.4 m |

## Interest Paid | 503 k | 170 k | 194 k |

## Income Taxes Paid | 1.1 m | 980 k | 581 k |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | (1.3 m) | (12.3 m) | (13.7 m) | (10 m) | (9 m) | (9.5 m) | (4.9 m) | (4.7 m) | (3.9 m) |

## Inventories | 18.5 m | 19.4 m | 19.8 m | 17.7 m | 17.6 m | 17.2 m | 14.3 m | 14.5 m | 16.5 m |

## Accounts Payable | 10.8 m | 11.2 m | 8 m | 6.1 m | 8.2 m | 9.6 m | 7.8 m | 9.4 m | 8.5 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 72 k |

## Financial Leverage | 2.5 x |

A10 Networks's Customers was reported to be 5.6 k in Q1, 2017. A10 Networks's Backlog was reported to be $19.5 m in FY, 2016, which is a 86% increase from the previous period

Source: 148 public H-1B filings from A10 Networks