8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

____________________________________________________________________________

FORM 8-K

____________________________________________________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

April 3, 2023

Date of Report (Date of earliest event reported)

____________________________________________________________________________

A10 NETWORKS, INC.

(Exact name of the registrant as specified in its charter)

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Delaware	001-36343	20-1446869
(State or Other Jurisdiction of Incorporation or Organization)	(Commission File Number)	(I.R.S. Employer Identification Number)

2300 Orchard Parkway

San Jose, CA 95131

(Address of principal executive offices, including zip code)

(408) 325-8668

(Name and telephone number, including area code, of the person to contact in connection with this report)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

____________________________________________________________________________

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading symbol(s)	Name of each exchange on which registered
Common stock, $0.00001 par value per share	ATEN	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 2.02    Results of Operations and Financial Condition.

On April 3, 2023, A10 Networks, Inc. (the “Company”) issued a press release regarding the Company's preliminary revenue for the first quarter of 2023. The full text of the Company's press release is attached hereto as Exhibit 99.1.

The information in Item 2.02, Item 7.01 and Item 9.01 in this Current Report on Form 8-K and the exhibits attached hereto shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

Item 7.01    Regulation FD Disclosure.

The information set forth in Item 2.02 of this Current Report on Form 8-K is incorporated into this Item 7.01 by reference.

Item 9.01    Financial Statements and Exhibits.

(d) Exhibits

Exhibit	Description
99.1	Press Release Dated April 3, 2023.
104	Inline XBRL for the cover page of this Current Report on Form 8-K.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 3, 2023

A10 NETWORKS, INC.
By: /s/ Brian Becker
Brian Becker
Chief Financial Officer

Document

Exhibit 99.1

A10 Networks Reports Preliminary First Quarter Financial Results, Reiterates Full-Year Earnings Guidance

Company to Release Final Results and Conduct Conference Call on May 4, 2023

SAN JOSE, Calif., April 3, 2023 -- A10 Networks (NYSE: ATEN), a leading provider of secure application services and solutions, today announced the following preliminary and unaudited results for the quarter ended March 31, 2023.

A10 Networks expects revenue in the first quarter of 2023 to be between $56 million and $58 million. The Company also reiterated guidance for full-year earnings.

“The expected headwinds we discussed in our Q4 2022 earnings call on February 7th impacted our results in the first quarter,” commented Dhrupad Trivedi, President and Chief Executive Officer of A10 Networks. “Additionally, approximately $4.8 million in orders were shifted to future periods as we prioritized security in response to the cyber incident that occurred during Q1 2023. Like others, we also experienced delays related to North American customers going through their own restructuring. These issues were taken into account in our full-year outlook and we expect Q1 to be the bottom for the year.”

Trivedi continued, “Given the first quarter results, we have taken actions to flex our cost structure to better enable us to achieve our full-year earnings targets without compromising our long-term growth plans. Our Q1 Adjusted EBITDA margin expanded on year-over-year basis in spite of macro-driven top line challenges demonstrating the business model focus. We remain confident that we can deliver revenue growth that outpaces our peer set, and we expect double-digit growth in our full-year non-GAAP EPS.”

Management will host a call and live webcast to review the financial results and provide a corporate update on Thursday, May 4, 2023 at 1:30 p.m. Pacific time (4:30 p.m. Eastern time). The Company will provide additional details about the earnings call later this month.

About A10 Networks

A10 Networks (NYSE: ATEN) provides secure application services and solutions for on-premises, multi-cloud and edge-cloud environments at hyperscale. Our mission is to enable service providers and enterprises to deliver business-critical applications that are secure, available and efficient for multi-cloud transformation and 5G readiness. We deliver better business outcomes that support investment protection, new business models and help future-proof infrastructures, empowering our customers to provide the most secure and available

digital experience. Founded in 2004, A10 Networks is based in San Jose, Calif. and serves customers globally. For more information, visit www.a10networks.com and follow us @A10Networks.

The A10 logo and A10 Networks are trademarks or registered trademarks of A10 Networks, Inc. in the United States and other countries. All other trademarks are the property of their respective owners.

Source: A10 Networks, Inc.

Investor Contact:

Rob Fink or Tom Baumann

FNK IR

646.809.4048 / 646.349.6641

aten@fnkir.com

Brian Becker

Chief Financial Officer

investors@a10networks.com