A10 Networks Q3 revenue $57.8M, down 20% YoY; GAAP EPS $0.09; declares $0.06 dividend and $50M buyback

A10 Networks, Inc.

2023-Q3 EPS reported $0.29 revenue$181,283,000

Revenue $57.8M, down $14.3M YoY due to North American service provider delays; enterprise revenue up 7%.
GAAP net income $6.5M ($0.09 diluted EPS); non-GAAP net income $12.0M ($0.16 diluted EPS).
Board declared $0.06/share quarterly dividend, payable Dec 1, 2023 to holders of record Nov 17, 2023.
Board authorized new $50M share repurchase program over the next 12 months.
Company repurchased 168,000 shares at avg $14.52 in Q3; year-to-date GAAP net income $22.1M.

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 the quarter ended September 30, 2023 results: revenue $57.8 million, net income GAAP net income of $6.5 million, EPS $0.09 per diluted share.

Period: the quarter ended September 30, 2023
Revenue: $57.8 million
Net income: GAAP net income of $6.5 million
EPS: $0.09 per diluted share
Result: reported results

Exact text from the filing

Third Quarter 2023 Financial Summary • Revenue of $57.8 million, in-line with preliminary expectations and down $14.3 million year-over-year due to delays related to North American service provider customers' capital expenditures. • Enterprise revenue up 7% year-over-year. • GAAP gross margin of 80.9%; non-GAAP gross margin of 81.8% as a result of continued focus on operational execution of business model goals in spite of near-term volatility in the market. • GAAP net income of $6.5 million (representing 11.2% of revenue), or $0.09 per diluted share. Year-to-date, GAAP net income was $22.1 million (12.2% of revenue), or $0.29 per diluted share. • Non-GAAP net income of $12.0 million (representing 20.8% of revenue), or $0.16 per diluted share (non-GAAP EPS).

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Source: SEC EDGAR

accession 0001580808-23-000212

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