A10 Networks Q1 revenue down 7.9% to $57.7M; declares $0.06 dividend

A10 Networks, Inc.

2023-Q1 EPS reported $0.05 revenue$57,691,000

GAAP net income $4.0M ($0.05 diluted EPS) vs $6.3M ($0.08) a year ago.
Non-GAAP EPS $0.13 flat YoY; adjusted EBITDA $15.5M (26.8% of revenue, up from 21.6%).
Board declares $0.06/share cash dividend, payable June 1, 2023 to holders of record May 15.
Recurring revenue up 10% YoY; cash $145M with no debt.
Management expects Q1 low-point; full-year non-GAAP EPS to grow double-digits.

item 2.02 item 7.01 item 9.01 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

A10 Networks, Inc. reported first quarter ended March 31, 2023 results: revenue $57.7 million, net income $4.0 million, EPS $0.05 per diluted share. Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Revenue: $57.7 million
Net income: $4.0 million
EPS: $0.05 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

SAN JOSE, Calif., May 4, 2023 -- A10 Networks (NYSE: ATEN), a leading provider of cybersecurity and infrastructure solutions, today announced financial results for its first quarter ended March 31, 2023. First Quarter 2023 Financial Summary • Revenue of $57.7 million, declined 7.9% year-over-year due to the impact of macro headwinds and project delays. • GAAP gross margin of 82.3%; non-GAAP gross margin of 83.1% as a result of better product mix and continued successful navigation of short-term input cost pressures. • GAAP net income of $4.0 million, or $0.05 per diluted share, compared with GAAP net income of $6.3 million, or $0.08 per diluted share in the first quarter of 2022.

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Source: SEC EDGAR

accession 0001580808-23-000090

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