A10 Networks (ATEN) FY2019 results: revenue $213 million, down 8.4% on the year
A10 Networks, Inc. (ATEN) reported revenue of $213 million for fiscal 2019, the year ended 31 December 2019, down 8.4% on the year before. Net income was -$18 million, and diluted earnings per share $-0.23. The figures are the company's own, from the 10-K it filed with the SEC on 10 March 2020.
Revenue
$213 million
-8.4% on the year
FY2012FY2019
Operating margin
-8.0%
-11.9% a year earlier
FY2012FY2019
Net income
-$18 million
FY2012FY2019
Diluted EPS
-$0.23
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
213
232
235
-8.4%
Cost of revenue
48.9
51.9
53.3
-5.8%
Gross profit
164
180
182
-9.2%
Gross margin
77.0%
77.7%
77.4%
Research and development
61.8
65.2
63.0
-5.1%
Operating income
-17.1
-27.7
-10.4
Operating margin
-8.0%
-11.9%
-4.4%
Interest expense
0.2
0.1
0.2
+83.7%
Pre-tax income
-16.4
-26.5
-9.5
Income tax
1.4
1.1
1.2
+30.0%
Net income
-17.8
-27.6
-10.8
Net margin
-8.4%
-11.9%
-4.6%
Diluted EPS
-$0.23
-$0.38
-$0.15
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
-0.4
-2.7
14.3
Capital expenditure
4.3
2.8
5.7
+55.2%
Free cash flow
-4.8
-5.5
8.6
Free cash flow margin
-2.2%
-2.4%
3.6%
Cash from investing
-0.3
-6.9
-5.1
Cash from financing
5.8
3.6
8.4
+60.0%
Depreciation and amortisation
10.0
7.9
8.5
+27.3%
Share-based compensation
16.5
17.0
17.2
-3.0%
Buybacks
0.0
0.0
3.1
Dividends paid
0.0
n/a
n/a
Diluted shares, weighted
76m
73m
n/a
+4.4%
Shares outstanding at period end
78m
74m
72m
+4.4%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
109
104
98.4
+4.7%
Debt
0.0
0.0
0.0
Operating lease liabilities
28.0
n/a
n/a
Other liabilities
137
132
126
+4.0%
Total liabilities and equity
274
236
225
+16.2%
Fixed assets
7.7
7.3
9.9
+5.4%
Goodwill
1.3
1.3
1.3
0.0%
Intangible assets
2.3
3.7
5.2
-38.5%
Investments
84.2
87.8
84.6
-4.1%
Cash and equivalents
45.7
40.6
46.6
+12.6%
Receivables
53.6
54.0
48.3
-0.8%
Inventory
22.4
17.9
17.6
+24.8%
Other assets
56.9
23.3
11.5
+144.5%
Total assets
274
236
225
+16.2%
10-K for the year ended 31 December 2019, filed 10 March 2020: the filing.