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Dec 31, 2019
A10 Networks Q4 2019 Earnings Report
A10 Networks' Q4 2019 financial results were announced, with revenue up 14% sequentially and non-GAAP EPS exceeding prior guidance.
Key Takeaways
A10 Networks reported Q4 2019 financial results with revenue of $60.3 million and GAAP net income break-even. Adjusted EBITDA was $10 million and non-GAAP EPS was $0.10.
Revenue of $60.3 million, up 14 percent compared with $52.8 million in third quarter 2019
GAAP gross margin of 77.7 percent; non-GAAP gross margin of 78.5 percent
GAAP operating expenses of $46.8 million; non-GAAP operating expenses of $39.7 million
Adjusted EBITDA of $10.0 million, compared with $4.0 million in third quarter 2019
Forward Guidance
For the first quarter of 2020, the company currently expects revenue in the range of $51 million to $53 million, representing 5 percent year-over-year growth at the high end of the range.
Positive Outlook
- Revenue in the range of $51 million to $53 million, representing 5 percent year-over-year growth at the high end of the range
- Non-GAAP gross margin in the range of 76 percent to 78 percent
- Non-GAAP operating expenses in the range of $37.5 million to $38.5 million
- Adjusted EBITDA in the range of $3.7 million to $5 million
- Non-GAAP earnings per share in the range of $0.01 to $0.03 using approximately 81 million diluted shares
Historical Earnings Impact
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Avg. Return Before/After Earnings
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