| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $115M | $142M | $155M | -19.4% | -26.2% |
| Op. Income | $18M | $19M | $12M | -2.4% | 48.7% |
| Gross Margin | 38.6% | 30.9% | 26.9% | 7.7pp | 11.7pp |
| Net Margin | 24.9% | 17.7% | 10.6% | 7.2pp | 14.3pp |
| EPS (Diluted) | $0.08 | $0.06 | $0.04 | 20.9% | 73.3% |
| Free Cash Flow | $45M | -$1M | -$4M | 3118.8% | 1290.4% |
| Item | Amount |
|---|---|
| REVENUE | $115M |
| Cost of Revenue | $70M |
| GROSS PROFIT | $44M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $18M |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $96M |
| OPERATING INCOME | $18M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $20M |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $0 |
| EBIT | $18M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $115M |
| Cost of Revenue | $70M |
| GROSS PROFIT | $44M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $18M |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $96M |
| OPERATING INCOME | $18M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $20M |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $0 |
| EBIT | $18M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$19M |
| Change in Working Capital | $35M |
| OPERATING CASH FLOW | $45M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$608M |
| Sales/Maturities of Investments | $736M |
| Other Investing Activities | $87M |
| NET CASH FROM INVESTING | $214M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$195M |
| Common Dividends Paid | -$16M |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$207M |
| FREE CASH FLOW | $45M |
| Net Change in Cash | $53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $97M |
| Short-Term Investments | $246M |
| Net Receivables | $107M |
| Inventory | $0 |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $470M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $107M |
| Long-Term Investments | $80M |
| Tax Assets | $1M |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $111M |
| TOTAL ASSETS | $581M |
| Account Payables | $46M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $127M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $30M |
| TOTAL LIABILITIES | $157M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $408M |
| TOTAL STOCKHOLDERS' EQUITY | $408M |
| Minority Interest | $16M |
| TOTAL EQUITY | $424M |
| TOTAL LIABILITIES & EQUITY | $581M |
| Total Debt | $0 |
| Net Debt | -$97M |
