1 unchanged sentence
Our portfolio supports customers operating in the cloud, on-premise or in hybrid environments providing rapid return on their investment as well as investment protection with best-in-class technical performance.
−Removed: As cyber-attacks increase in volume and complexity, we integrate security as a key attribute in essentially all our solutions that further enable our customers to continue to adapt to market trends in cloud, internet of things and the ever-increasing need for more data, building upon our strong global footprint and leadership in application and network infrastructure.
+Added: As cyber-attacks increase in volume and complexity, we integrate security as a key attribute in essentially all our solutions that further enable our customers to continue to adapt to market trends in the cloud, internet of things and the ever-increasing need for more data, building upon our strong global footprint and leadership in application and network infrastructure.
Our customers include leading service providers (cloud, telecommunications, multiple system operators, cable), government organizations, and enterprises.
88 unchanged sentences
Thunder CGN extends the life of increasingly scarce IPv4 address blocks and their associated infrastructure using Carrier-Grade network address translation (“CGNAT”), and also provides translation solutions to the IPv6 addressing standard.
−Removed: Our CGN solution is typically deployed in service provider networks to provide standards-compliant address and protocol translation services between varying types of IP addresses, and has been successfully implemented by many large service providers around the world.
+Added: Our CGN solution is typically deployed in service provider networks to provide standards-compliant address and protocol translation services between varying types of IP addresses.
+Added: It has been successfully implemented by many large service providers around the world.
Thunder Threat Protection System .
18 unchanged sentences
Our solution includes a Cloud Access Proxy to provide scalability, performance, and security to overcome deployment and operational challenges.
−Removed: • A high-performance data center firewall with integrated network denial-of-service protection and server load balancing, and provides a Layer 4 stateful firewall and Layer 7 application-level gateway functionality for protecting data center applications from emerging network and DDoS threats.
+Added: • A high-performance data center firewall with integrated network denial-of-service protection and server load balancing, which provides a Layer 4 stateful firewall and Layer 7 application-level gateway functionality for protecting data center applications from emerging network and DDoS threats.
• A high-performance Gi/SGi firewall with integrated network DDoS, CGNAT, ADC and application visibility.
3 unchanged sentences
Harmony Controller.
−Removed: Harmony Controller provides intelligent management, automation and analytics for secure application delivery in multi-cloud environments.
−Removed: Our Harmony Controller simplifies operations.
+Added: Harmony Controller provides intelligent management, automation and analytics for secure application delivery in multi-cloud environments to help simplify operations.
Infrastructure and application operations teams can centrally manage and automate configuration and application policies for our Thunder and Lightning application and security services, such as load balancing, application delivery, web application firewall, SSL decryption, Gi/SGi firewall, Carrier Grade NAT and Cloud Access Proxy solutions.
Configuration and control can also be automated via application program interface (“API”) and integrated with orchestration systems used within organizations.
−Removed: In addition, the controller provides comprehensive infrastructure and per-application metrics and analytics for performance and security monitoring, anomaly detection and faster troubleshooting.
+Added: In addition, the Harmony Controller provides comprehensive infrastructure and per-application metrics and analytics for performance and security monitoring, anomaly detection and faster troubleshooting.
The container-based, microservices architecture allows controller capacity to be scaled without interrupting operations.
2 unchanged sentences
a Galaxy TPS multi-device network management solution enables a network administrator to manage multiple Thunder TPS devices.
−Removed: aGalaxy TPS is designed to provide lower operational costs, as staff are freed up from repetitive tasks, while also increasing precision and accuracy with centralized and automated tasks, reducing the potential for human error.
+Added: aGalaxy TPS is designed to help lower operational costs by freeing up staff from repetitive tasks while increasing precision and accuracy with centralized and automated tasks, reducing the potential for human error.
aGalaxy TPS is available as a hardware appliance or a software-only virtual machine.
59 unchanged sentences
Software updates are provided to all customers with a current maintenance contract on a when-and-if-available basis.
−Removed: We maintain technical support centers in the United States, Japan, China, India and the Netherlands.
+Added: We maintain technical support centers in the United States, Japan, India and the Netherlands.
Thunder TPS features an enhanced support offering that includes access to the A10 DDoS Security Incident Response Team (“SIRT”).
2 unchanged sentences
Our customers operate in a variety of industries, including telecommunications, technology, industrial, government, retail, financial, gaming, and education.
−Removed: As of December 31, 2021, we had sold our products to more than 7,700 customers worldwide.
+Added: As of December 31, 2022, we had sold our products to over 8,000 customers worldwide since our inception.
Our customers include the top two United States wireless carriers, four of the top 10 United States cable providers, and the top four service providers in Japan, in addition to other global enterprises, gaming companies and governmental organizations.
During the years ended December 31, 2022, 2021 and 2020, purchases from our 10 largest end-customers accounted for approximately 41%, 39% and 41% of our total revenue, respectively.
−Removed: In 2021, one distribution channel partner accounted for 12% of our total revenue.
−Removed: In 2020, one distribution partner accounted for 10% of our total revenue.
In 2022, two distribution channel partners accounted for 15% and 13% of our total revenue.
+Added: In 2021, one distribution channel partner accounted for 12% of our total revenue.
+Added: In 2020, one distribution channel partner accounted for 10% of our total revenue.
As security, 5G and cloud trends continue to gain prominence, changes in application delivery needs, cyber security threats, and the technology landscape result in evolving customer requirements.
−Removed: These evolving demands have expanded our addressable market into cybersecurity including DDoS protection, 5G /5G-readiness and hybrid networking, where we compete with a number of companies not included among our traditional competitors in the past.
+Added: These evolving demands have expanded our addressable market into cybersecurity including DDoS protection, 5G /5G-readiness and hybrid networking, where we compete with a number of companies not included among our traditional competitors of the past.
The agility and flexibility of a common management platform enables us to offer multiple product categories that are easier to manage for our customers.
58 unchanged sentences
For the years ended December 31, 2022, 2021 and 2020, our total revenue was $280.3 million, $250.0 million, and $225.5 million, respectively, and our gross margin was 79.7%, 78.6%, and 77.8%, respectively.
−Removed: We had net income of $94.9 million and $17.8 million and net loss of $17.8 million for the years ended December 31, 2021, 2020 and 2019, respectively.
+Added: We had net income of $46.9 million, $94.9 million and $17.8 million for the years ended December 31, 2022, 2021 and 2020, respectively.
Intellectual Property
4 unchanged sentences
patents, excluding 17 patents that we acquired, expire between 2025 and 2039.
−Removed: Our issued overseas patents, excluding 9 patents that we acquired, expire between 2027 and 2037.
+Added: Our issued overseas patents, excluding 5 patents
+Added: that we acquired, expire between 2027 and 2037.
Our future success depends in part on our ability to protect our proprietary rights to the technologies used in our principal products.
29 unchanged sentences
We work with our contract manufacturers and suppliers to maintain compliance with, for example, RoHS, REACH and WEEE in the EU and elsewhere across the globe for other such environmental requirements.
−Removed: The Company’s Conflict Minerals Supply Chain Policy outlines our practices and procedures with respect to human rights to ensure participants in our supply chain do not knowingly contribute to local conflict or human rights abuses.
−Removed: We expect our suppliers to comply with our policy on responsible sourcing of minerals from conflict-affected and high-risk areas and to cooperate with our diligence
−Removed: inquiries and requests for information and certification as may be required by us to comply with reporting and disclosure obligations to which we are subject from time to time.
+Added: The Company’s Conflict Minerals Supply Chain Policy as well as our Code of Business Conduct and Ethics outlines our practices and procedures with respect to human rights to ensure participants in our supply chain do not knowingly contribute to local conflict or human rights abuses.
+Added: We expect our suppliers to comply with our policy on responsible sourcing of minerals from conflict-affected and high-risk areas and to cooperate with our diligence inquiries and requests for information and certification as may be required by us to comply with reporting and disclosure obligations to which we are subject from time to time.
Our corporate headquarters in San Jose, California, is compliant with the California Building Energy Efficiency Standards - Title 24 to reduce wasteful and unnecessary energy consumption.
14 unchanged sentences
in doing so, we seek to avoid making employees feel uncomfortable at work.
−Removed: As new employees join us, they learn more about our policies and culture through orientation and onboarding, our Employee Handbook, Code of Conduct, and compliance trainings.
+Added: As new employees join us, they learn more about our policies and culture through orientation and onboarding, our Employee Handbook, Code of Business Conduct and Ethics, and compliance trainings.
These all provide guidance on how we expect to operate in order to foster diversity, equity and inclusion across our company.
19 unchanged sentences
During their tenure with our company, most employees have an opportunity to receive an equity award, either upon hire and/or during an annual review process to recognize those with significant impact on achieving our goals.
−Removed: Most employees, whether part or full time, also have the ability to participate in our
−Removed: Employee Stock Purchase Plan (“ESPP”).
+Added: Most employees, whether part or full time, also have the ability to participate in our Employee Stock Purchase Plan (“ESPP”).
Participants in the ESPP may purchase our stock at a 15% discount to market price.
15 unchanged sentences
• Taken steps to ensure employee’s ability to remotely work-from-home when feasible;
−Removed: • Placed restrictions on travel by our employees and in-person meetings;
+Added: • From time to time, placed restrictions on travel by our employees and in-person meetings;
• Prepared our San Jose, CA headquarters facility to be compliant with all local and statewide COVID-19 requirements for those essential workers that are unable to work-from-home.
13 unchanged sentences
The following filings are available through our investor relations website after we file them with the SEC:
−Removed: Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, as well as any
−Removed: amendments to such reports and all other filings pursuant to Section 13(a) or 15(d) of the Securities Act.
−Removed: These filings are also available for download free of charge on our investor relations website.
+Added: Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, as well as any amendments to such reports and all other filings pursuant to Section 13(a) or 15(d) of the Securities Act.
+Added: These filings are also
+Added: available for download free of charge on our investor relations website.
Additionally, copies of materials filed by us with the SEC may be accessed at the SEC’s website at www.sec.gov.
5 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.