A10 Networks (ATEN) FY2023 results: revenue $252 million, down 10.2% on the year
A10 Networks, Inc. (ATEN) reported revenue of $252 million for fiscal 2023, the year ended 31 December 2023, down 10.2% on the year before. Net income was $40 million, down 14.8%, and diluted earnings per share $0.53. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.
Revenue
$252 million
-10.2% on the year
FY2016FY2023
Operating margin
15.4%
18.9% a year earlier
FY2016FY2023
Net income
$40 million
-14.8% on the year
FY2016FY2023
Diluted EPS
$0.53
-11.7% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
44.5
66.1
50.1
-32.7%
Capital expenditure
10.9
10.8
5.2
+0.9%
Free cash flow
33.6
55.3
44.9
-39.2%
Free cash flow margin
13.4%
19.7%
18.0%
Cash from investing
13.6
11.1
-38.1
+22.7%
Cash from financing
-28.8
-88.1
-16.4
Depreciation and amortisation
9.3
7.4
8.9
+26.6%
Share-based compensation
14.1
13.3
14.4
+5.6%
Buybacks
16.0
79.3
18.3
-79.8%
Dividends paid
17.8
15.9
3.9
+11.9%
Dividend per share
$0.24
$0.24
$0.20
0.0%
Diluted shares, weighted
76m
78m
80m
-2.8%
Shares outstanding at period end
74m
77m
77m
-4.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
208
181
209
+14.8%
Debt
0.0
0.0
0.0
Operating lease liabilities
11.8
16.8
19.3
-29.8%
Other liabilities
170
171
165
-0.7%
Total liabilities and equity
390
369
393
+5.6%
Fixed assets
29.9
19.7
10.7
+51.3%
Goodwill
1.3
1.3
1.3
0.0%
Intangible assets
0.0
0.0
0.0
Investments
62.1
83.0
106
-25.2%
Cash and equivalents
97.2
68.0
78.9
+43.1%
Receivables
74.3
72.9
61.8
+1.9%
Inventory
23.5
19.7
22.5
+19.4%
Other assets
101
104
112
-2.8%
Total assets
390
369
393
+5.6%
10-K for the year ended 31 December 2023, filed 29 February 2024: the filing.