| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $108M | $69M | $106M | 55.1% | 1.9% |
| Op. Income | $13M | $2M | $12M | 600.2% | 14.7% |
| Gross Margin | 41.1% | 44.0% | 41.2% | -2.9pp | -0.1pp |
| Net Margin | 9.0% | 1.0% | 8.0% | 8.0pp | 1.0pp |
| EPS (Diluted) | $0.29 | $0.02 | $0.25 | 1350.0% | 16.0% |
| Free Cash Flow | -$14M | $18M | $29M | -180.1% | -149.0% |
| Item | Amount |
|---|---|
| REVENUE | $108M |
| Cost of Revenue | $63M |
| GROSS PROFIT | $44M |
| R&D Expenses | $14M |
| Selling & Marketing | $9M |
| General & Administrative | $9M |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $31M |
| Cost & Expenses | $95M |
| OPERATING INCOME | $13M |
| Interest Income | $582.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$555.0K |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $2M |
| EBIT | $14M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $108M |
| Cost of Revenue | $63M |
| GROSS PROFIT | $44M |
| R&D Expenses | $14M |
| Selling & Marketing | $9M |
| General & Administrative | $9M |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $31M |
| Cost & Expenses | $95M |
| OPERATING INCOME | $13M |
| Interest Income | $582.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$555.0K |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $2M |
| EBIT | $14M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$905.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$905.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $140M |
| Short-Term Investments | $0 |
| Net Receivables | $84M |
| Inventory | $140M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $376M |
| PP&E (Net) | $53M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $68M |
| Other Non-Current Assets | $51M |
| TOTAL NON-CURRENT ASSETS | $172M |
| TOTAL ASSETS | $548M |
| Account Payables | $25M |
| Short-Term Debt | $0 |
| Deferred Revenue | $25M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $69M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $60M |
| TOTAL LIABILITIES | $129M |
| Common Stock | $33.0K |
| Additional Paid-In Capital | $560M |
| Retained Earnings | -$140M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$258.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $419M |
| Minority Interest | $0 |
| TOTAL EQUITY | $419M |
| TOTAL LIABILITIES & EQUITY | $548M |
| Total Debt | $49M |
| Net Debt | -$91M |
