A10 Networks GAAP Loss Narrows; Revenue Up 50% - Quick Facts

(RTTNews) - A10 Networks, Inc. (ATEN), a technology leader in application networking, reported second quarter GAAP net loss of $1.3 million or $0.02 per share compared with a net loss of $10.2 million or $1.12 per share in the prior year.

Non-GAAP net loss was $5.3 million or $0.09 per share, compared with a net loss of $5.0 million or $0.11 per share a year ago.

Loss before provision for income taxes was $987 thousand, narrower than the loss of $10.06 million last year.

Total revenue for the quarter grew 50 percent year-over-year to $45.1 million from $30.1 million.

"Our strong 50 percent year-over-year revenue growth demonstrates the progress we have made in growing our market footprint and diversifying our customer base," said Lee Chen, president and chief executive officer of A10 Networks

Analysts polled by Thomson Reuters expected the company to report a loss of $0.08 per share on revenue of $47.38 million for the fourth quarter. Analysts' estimates typically exclude special items.