A10 Networks(ATEN)2025-02-04 21:12Revenue Performance - Revenue for Q4 2024 was 70.4 million in Q4 2023[6] - Full-year 2024 revenue reached 251.7 million in 2023[6] - Enterprise revenue grew 8% year-over-year, while service provider revenue increased by 4%[6] Profitability Metrics - GAAP net income for Q4 2024 was 17.9 million (25.4% of revenue) in Q4 2023[6] - Non-GAAP net income for Q4 2024 was 18.5 million (26.2% of revenue) in Q4 2023[6] - Adjusted EBITDA for Q4 2024 was 24.0 million (34.0% of revenue) in Q4 2023[6] - GAAP net income for Q4 2024 was 17,917 in Q4 2023, representing a 2.1% increase[20] - Non-GAAP net income for Q4 2024 was 18,467 in Q4 2023, reflecting a 24.0% growth[20] - Adjusted EBITDA for the year ended December 31, 2024, was 71,173 million in 2023, reflecting an adjusted EBITDA margin of 28.5%[31] - GAAP income from operations for the year ended December 31, 2024, was 38,648 million in 2023, with an operating margin of 16.8%[29] - EBITDA for the year ended December 31, 2024, was 47,994 million in 2023[31] Expenses and Liabilities - GAAP total operating expenses for Q4 2024 were 39,137 in Q4 2023, a 4.5% increase[27] - Non-GAAP total operating expenses for 2024 were 143,770 in 2023, reflecting a 3.7% increase[27] - Total liabilities rose to 181,933 in 2023, an increase of 10.5%[22] - Stock-based compensation and related payroll tax for Q4 2024 amounted to 2,922 million in Q4 2023[29] - The company reported a workforce reduction expense of 4,298 million in the previous year[29] Cash and Investments - The company completed Q4 2024 with cash and investments of 159.3 million at the end of 2023[6] - Cash flows from operating activities for 2024 were 44,514 in 2023, representing a 103.5% increase[24] Assets and Equity - Total current assets increased to 271,824 in 2023, marking a 13.0% rise[22] - Total stockholders' equity increased to 207,876 in 2023, a growth of 11.5%[22] Future Outlook - The company plans to launch new security solutions in 2025, leveraging several years of R&D investment[5] - A10 Networks anticipates ongoing normalization of spending from service provider customers in 2025[5] Gross Profit - GAAP gross profit for 2024 was 203,738 in 2023, indicating a 3.0% increase[25] - Non-GAAP gross profit for 2024 reached 205,597 in 2023, a growth of 3.4%[25] Operating Margins - The company experienced a decrease in GAAP operating margin from 25.6% in Q4 2023 to 24.8% in Q4 2024[29] - Non-GAAP operating margin for the year ended December 31, 2024, was 24.2%, slightly down from 24.6% in 2023[29] - Non-GAAP operating income reached 21,428 million in Q4 2023, with a non-GAAP operating margin of 32.7%[29] Impairment Expenses - The company did not incur any impairment expenses in 2024, contrasting with $2,975 million in 2023[29]