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Dec 31, 2020
A10 Networks Q4 2020 Earnings Report
Reported record GAAP net income and revenue growth.
Key Takeaways
A10 Networks reported a record GAAP net income of $7.8 million for the fourth quarter of 2020, with a 4% year-over-year revenue increase. The company's full-year revenue grew by 6%, and it ended the year with a strong cash position.
Revenue of $62.7 million, up 4% year-over-year.
Record GAAP net income of $7.8 million, or $0.10 per share, compared to $51,000, or $0.00 per share in Q4 2019.
Record non-GAAP net income of $13.9 million, or $0.18 per share compared with non-GAAP net income of $7.8 million, or $0.10 per share in Q4 2019.
Ended the year with $158.1 million in cash and cash equivalents.
Revenue by Segment
Forward Guidance
A10 plans to leverage its strong position to increase its focus on portfolio management, with the goal of increasing recurring revenue.
Positive Outlook
- Strategic focus on portfolio to drive recurring revenue.
- Expect recurring revenue to grow faster than overall revenue.
- Benefiting from industry tailwinds in 5G, multi-cloud, and cybersecurity.
- Enters 2021 in a strong position with leading products.
- Solid balance sheet.
Challenges Ahead
- Impact of the COVID-19 pandemic on business and operations.
- Changes in government regulations and mandates related to COVID-19.
- Decline in global macroeconomic conditions.
- Business interruptions related to the supply chain.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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