A10 Networks (ATEN) FY2018 results: revenue $232 million, down 1.4% on the year
A10 Networks, Inc. (ATEN) reported revenue of $232 million for fiscal 2018, the year ended 31 December 2018, down 1.4% on the year before. Net income was -$28 million, and diluted earnings per share $-0.38. The figures are the company's own, from the 10-K it filed with the SEC on 18 March 2019.
Revenue
$232 million
-1.4% on the year
FY2012FY2018
Operating margin
-11.9%
-4.4% a year earlier
FY2012FY2018
Net income
-$28 million
FY2012FY2018
Diluted EPS
-$0.38
FY2012FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
232
235
227
-1.4%
Cost of revenue
51.9
53.3
54.4
-2.7%
Gross profit
180
182
173
-1.0%
Gross margin
77.7%
77.4%
76.1%
Research and development
65.2
63.0
60.7
+3.4%
Operating income
-27.7
-10.4
-20.6
Operating margin
-11.9%
-4.4%
-9.0%
Interest expense
0.1
0.2
0.4
-20.4%
Pre-tax income
-26.5
-9.5
-21.6
Income tax
1.1
1.2
0.8
-10.3%
Net income
-27.6
-10.8
-22.4
Net margin
-11.9%
-4.6%
-9.9%
Diluted EPS
-$0.38
-$0.15
-$0.32
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
-2.7
14.3
18.8
Capital expenditure
2.8
5.7
4.9
-51.2%
Free cash flow
-5.5
8.6
13.9
Free cash flow margin
-2.4%
3.6%
6.1%
Cash from investing
-6.9
-5.1
-96.4
Cash from financing
3.6
8.4
8.4
-57.0%
Depreciation and amortisation
7.9
8.5
8.3
-7.4%
Share-based compensation
17.0
17.2
16.9
-1.0%
Buybacks
0.0
3.1
1.8
Diluted shares, weighted
73m
n/a
n/a
Shares outstanding at period end
74m
72m
68m
+3.6%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
104
98.4
82.8
+5.6%
Debt
0.0
0.0
0.0
Other liabilities
132
126
134
+4.4%
Total liabilities and equity
236
225
217
+4.9%
Fixed assets
7.3
9.9
8.2
-26.7%
Goodwill
1.3
1.3
1.3
0.0%
Intangible assets
3.7
5.2
6.6
-27.8%
Investments
87.8
84.6
85.4
+3.8%
Cash and equivalents
40.6
46.6
29.0
-12.8%
Receivables
54.0
48.3
61.3
+11.8%
Inventory
17.9
17.6
15.8
+2.0%
Other assets
23.3
11.5
9.1
+103.0%
Total assets
236
225
217
+4.9%
10-K for the year ended 31 December 2018, filed 18 March 2019: the filing.