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A10 Networks Q1 loss narrows YOY

A10 Networks Inc. said its normalized net income for the first quarter amounted to a loss of 7 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 8 cents per share.

The per-share loss decreased 45.5% year over year from 13 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $4.7 million, compared with a loss of $8.3 million in the year-earlier period.

The normalized profit margin rose to negative 8.8% from negative 18.8% in the year-earlier period.

Total revenue grew 22.2% on an annual basis to $53.8 million from $44.0 million, and total operating expenses climbed 7.5% on an annual basis to $61.4 million from $57.1 million.

Reported net income came to a loss of $9.6 million, or a loss of 15 cents per share, compared to a loss of $13.5 million, or a loss of 22 cents per share, in the prior-year period.