| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $236M | $320M | $188M | -26.3% | 25.1% |
| Op. Income | $96M | $131M | $76M | -26.9% | 25.7% |
| Gross Margin | 88.6% | 88.6% | 88.7% | -0.0pp | -0.1pp |
| Net Margin | 40.1% | 46.4% | 37.5% | -6.3pp | 2.6pp |
| EPS (Diluted) | $0.79 | $1.24 | $0.59 | -36.5% | 33.6% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $236M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $209M |
| R&D Expenses | $39M |
| Selling & Marketing | $74M |
| General & Administrative | $10M |
| SG&A Expenses | $84M |
| Other Expenses | -$588.3K |
| Operating Expenses | $113M |
| Cost & Expenses | $139M |
| OPERATING INCOME | $96M |
| Interest Income | $17M |
| Interest Expense | $0 |
| Other Income/Expenses | $16M |
| INCOME BEFORE TAX | $112M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $94M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $94M |
| D&A | $4M |
| EBIT | $96M |
| EBITDA | $96M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $236M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $209M |
| R&D Expenses | $39M |
| Selling & Marketing | $74M |
| General & Administrative | $10M |
| SG&A Expenses | $84M |
| Other Expenses | -$588.3K |
| Operating Expenses | $113M |
| Cost & Expenses | $139M |
| OPERATING INCOME | $96M |
| Interest Income | $17M |
| Interest Expense | $0 |
| Other Income/Expenses | $16M |
| INCOME BEFORE TAX | $112M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $94M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $94M |
| D&A | $4M |
| EBIT | $96M |
| EBITDA | $96M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $94M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$102M |
| 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 | $209M |
| Net Receivables | $394M |
| Inventory | -$395M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $297M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $34M |
| Long-Term Investments | $2M |
| Tax Assets | $15M |
| Other Non-Current Assets | -$15M |
| TOTAL NON-CURRENT ASSETS | $42M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $234M |
| Other Current Liabilities | -$17M |
| TOTAL CURRENT LIABILITIES | $89M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | -$5M |
| Deferred Tax Liabilities | $65M |
| Other Non-Current Liabilities | $74M |
| TOTAL NON-CURRENT LIABILITIES | $74M |
| TOTAL LIABILITIES | $89M |
| Common Stock | $258M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $258M |
| Minority Interest | -$3M |
| TOTAL EQUITY | $255M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $5M |
| Net Debt | -$14M |
