A10 Networks (ATEN) FY2017 results: revenue $235 million, up 3.6% on the year
A10 Networks, Inc. (ATEN) reported revenue of $235 million for fiscal 2017, the year ended 31 December 2017, up 3.6% on the year before. Net income was -$11 million, and diluted earnings per share $-0.15. The figures are the company's own, from the 10-K it filed with the SEC on 29 August 2018.
Revenue
$235 million
+3.6% on the year
FY2012FY2017
Operating margin
-4.4%
-9.0% a year earlier
FY2012FY2017
Net income
-$11 million
FY2012FY2017
Diluted EPS
-$0.15
FY2012FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
235
227
196
+3.6%
Cost of revenue
53.3
54.4
48.4
-2.0%
Gross profit
182
173
148
+5.3%
Gross margin
77.4%
76.1%
75.3%
Research and development
63.0
60.7
54.8
+3.8%
Operating income
-10.4
-20.6
-40.3
Operating margin
-4.4%
-9.0%
-20.5%
Interest expense
0.2
0.4
0.5
-61.8%
Pre-tax income
-9.5
-21.6
-41.1
Income tax
1.2
0.8
0.7
+59.3%
Net income
-10.8
-22.4
-41.9
Net margin
-4.6%
-9.9%
-21.3%
Diluted EPS
-$0.15
-$0.32
-$0.64
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
14.3
18.8
3.4
-23.8%
Capital expenditure
5.7
4.9
3.5
+17.7%
Free cash flow
8.6
13.9
-0.1
-38.3%
Free cash flow margin
3.6%
6.1%
-0.0%
Cash from investing
-5.1
-96.4
-3.5
Cash from financing
8.4
8.4
6.3
-0.2%
Depreciation and amortisation
8.5
8.3
8.6
+3.0%
Share-based compensation
17.2
16.9
16.9
+1.7%
Buybacks
3.1
1.8
0.0
+70.7%
Diluted shares, weighted
n/a
n/a
62m
Shares outstanding at period end
72m
68m
64m
+5.6%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
98.4
82.8
78.2
+18.9%
Debt
0.0
0.0
0.0
Other liabilities
126
134
112
-5.6%
Total liabilities and equity
225
217
190
+3.7%
Fixed assets
9.9
8.2
8.9
+20.6%
Goodwill
1.3
1.3
0.1
0.0%
Intangible assets
5.2
6.6
0.8
-21.8%
Investments
84.6
85.4
0.0
-0.9%
Cash and equivalents
46.6
29.0
98.1
+60.7%
Receivables
48.3
61.3
54.8
-21.2%
Inventory
17.6
15.8
18.7
+10.9%
Other assets
11.5
9.1
8.6
+26.2%
Total assets
225
217
190
+3.7%
10-K for the year ended 31 December 2017, filed 29 August 2018: the filing.