A10 Networks Announces Completion of Internal Investigation

▤ Summary

SAN JOSE, Calif.--( BUSINESS WIRE )--A10 Networks (NYSE:ATEN) announced today that the Audit Committee of its Board of Directors has completed the internal investigation previously disclosed on January 30, 2018.As a result of the investigation, errors in the company’s financial statements were identified relating to the recognition of revenue in a limited number of sale transactions between the company and its resellers.The Audit Committee believes that the errors identified during the investigation relate to the application of accounting principles that require interpretation and judgment.They involve known and unknown risks, uncertainties and other factors that may cause future events, including the companys performance and results to differ materially from those expressed or implied by the forward-looking statements.Factors that may cause actual future events to differ from those in the forward-looking statements include the outcome of the company’s completion of the quantification and evaluation of the specific impact of the errors in the company’s revenue recognition practices on the company’s financial results and previously issued financial statements, including the possibility of material adjustments thereto; the discovery of additional and unanticipated information during the procedures required to be completed before the company is able to file its required reports; review by, and the conclusions of, our independent registered public accounting firm regarding our revenue recognition and related accounting practices; the application of accounting or tax principles in an unanticipated manner; and any unanticipated delay in the preparation and filing of our required reports with the SEC.

▦ Linked Companies

A10 Networks, Inc.

$100M to $250M