| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $188M | $256M | $197M | -26.5% | -4.5% |
| Op. Income | $76M | $88M | $51M | -13.0% | 50.6% |
| Gross Margin | 88.7% | 81.6% | 67.0% | 7.1pp | 21.6pp |
| Net Margin | 37.5% | 41.7% | 24.3% | -4.2pp | 13.2pp |
| EPS (Diluted) | $0.59 | $0.90 | $0.41 | -34.1% | 44.6% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $188M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $167M |
| R&D Expenses | $33M |
| Selling & Marketing | $58M |
| General & Administrative | $9M |
| SG&A Expenses | $67M |
| Other Expenses | -$10M |
| Operating Expenses | $90M |
| Cost & Expenses | $112M |
| OPERATING INCOME | $76M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $86M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $71M |
| D&A | $3M |
| EBIT | $76M |
| EBITDA | $76M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $188M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $167M |
| R&D Expenses | $33M |
| Selling & Marketing | $58M |
| General & Administrative | $9M |
| SG&A Expenses | $67M |
| Other Expenses | -$10M |
| Operating Expenses | $90M |
| Cost & Expenses | $112M |
| OPERATING INCOME | $76M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $86M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $71M |
| D&A | $3M |
| EBIT | $76M |
| EBITDA | $76M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $71M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$76M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $166M |
| Net Receivables | $259M |
| Inventory | -$262M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $235M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $36M |
| Long-Term Investments | $3M |
| Tax Assets | $24M |
| Other Non-Current Assets | -$24M |
| TOTAL NON-CURRENT ASSETS | $42M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $219M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $74M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $65M |
| Other Non-Current Liabilities | $70M |
| TOTAL NON-CURRENT LIABILITIES | $70M |
| TOTAL LIABILITIES | $74M |
| Common Stock | $197M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $197M |
| Minority Interest | -$3M |
| TOTAL EQUITY | $194M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $0 |
| Net Debt | -$19M |
