NYSE$ATEN

A10 Networks Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported 14.9% organic growth driven by security solutions demand, improved net income by 57.4%, and returned $7.2 million to shareholders.

A10 Networks reported a 14.9% year-over-year increase in revenue for Q2 2022, driven by strong demand for security-led solutions. The company's net income improved significantly, and it returned $7.2 million to shareholders through buybacks and dividends. They reiterate their full year guidance.

  • Revenue of $68.0 million, up 14.9% year-over-year.
  • Revenue growth led by a 33.7% increase in the Americas year-over-year.
  • GAAP net income of $10.4 million, or $0.13 per diluted share.
  • Adjusted EBITDA of $18.0 million, representing 26.4% of revenue.

Headline financials

Total Revenue

$68M

Previous: $59.2M+14.9%
EPS (adj)

$0.17

Previous: $0.13+30.8%
GAAP Gross Margin

80.2%

Previous: 77.0%+4.2%
Non-GAAP Gross Margin

80.6%

Previous: 77.9%+3.5%
Adjusted EBITDA Margin

26.4%

No prior period
Capital Expenditures

-$5.02M

Previous: -$2.44M-105.5%
Free Cash Flow

$5.4M

Previous: $4.17M+29.3%
Net Income

$10.4M

Previous: $6.62M+57.4%
Operating Income

$13.1M

Previous: $7.22M+82.1%
Gross Profit

$54.5M

Previous: $45.5M+19.7%
Cash & Equivalents

$84.2M

Previous: $67.9M+24.0%
Total Assets

$385M

Previous: $296M+29.9%
Stock-Based Comp

$2.86M

Previous: $2.49M+14.8%

Revenue & EPS history

A10 Networks · Revenue · Quarterly

$68M

Q2 2022+14.9%vs Q2 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

A10 Networks · $57.8M total across 2 segments · Q3 2023

  • Products
    $30.3M
  • Services
    $27.5M

Forward guidance

A10 Networks reiterates its full year targets around top line growth of 10 – 12% and expanding EBITDA in the range of 26 – 28% of revenue.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+2.9%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+2.8%

Avg return

30 days after

62%

33 / 53 earnings

Positive

+37.6%

Q3 2021

Best reaction

-18.7%

Q4 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.6%-3.9%+6.8%
Q4 2025+10.3%+19.4%+16.8%
Q3 2025+3.5%-1.8%+1.4%
Q1 2025-0.6%+2.9%+4.9%
Q4 2024+2.7%+1.3%-2.9%
Q3 2024+6.3%+9.4%+19.0%
Q2 2024-7.1%-7.5%-2.3%
Q1 2024+14.7%+13.1%+12.7%
Q4 2023+0.2%+2.4%+4.0%
Q3 2023+6.6%+9.4%+14.3%
Q2 2023+5.3%+6.2%+0.3%
Q1 2023-2.3%-2.1%+5.5%
Q4 2022-4.5%-3.9%-5.3%
Q3 2022+8.2%+8.7%+13.0%
Q2 2022+3.5%+2.1%-11.8%
Q1 2022+14.0%+1.4%+9.5%
Q4 2021-5.9%-5.5%-3.1%
Q3 2021+37.6%+13.7%+12.2%
Q2 2021+9.9%+12.4%+21.9%
Q1 2021-8.3%-9.2%+3.0%
Q4 2020-12.4%-17.2%-9.4%
Q3 2020+5.4%-1.0%+19.4%
Q2 2020+14.2%+11.8%+19.1%
Q1 2020+8.2%-1.6%+3.3%
Q4 2019+0.0%+0.1%-39.8%
Q3 2019+12.9%+11.5%+4.0%
Q2 2019+2.3%-2.6%-6.1%
Q1 2019-5.7%-9.7%-13.1%
Q4 2018-7.6%-4.9%-1.9%
Q3 2018+3.8%+10.4%+12.3%
Q1 2018+1.0%-4.2%-11.9%
Q2 2018+1.0%-4.2%-11.9%
Q4 2017-0.3%+0.3%-12.5%
Q3 2017+0.9%-0.9%+9.6%
Q2 2017+12.7%+12.6%-0.5%
Q1 2017-11.7%-13.4%-8.3%
Q4 2016+14.7%+17.1%+10.2%
Q3 2016-17.7%-15.7%-5.3%
Q2 2016+4.1%+5.7%+31.2%
Q1 2016-9.7%
Q4 2015+13.4%
Q3 2015+20.5%
Q2 2015+24.5%
Q1 2015+16.3%
Q4 2012+5.6%
Q4 2014-18.7%
Q3 2013+0.5%
Q3 2014+7.1%
Q2 2013-5.8%
Q2 2014-13.3%
Q1 2013-1.4%
Q4 2013-1.4%
Q1 2014-5.3%
Q3 2012

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