| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $273M | $188M | $228M | 45.1% | 19.6% |
| Op. Income | $109M | $76M | $83M | 43.0% | 31.9% |
| Gross Margin | 88.8% | 88.7% | 81.6% | 0.2pp | 7.2pp |
| Net Margin | 37.0% | 37.5% | 33.1% | -0.5pp | 3.9pp |
| EPS (Diluted) | $0.85 | $0.59 | $0.64 | 43.0% | 31.6% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $273M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $243M |
| R&D Expenses | $46M |
| Selling & Marketing | $86M |
| General & Administrative | $13M |
| SG&A Expenses | $99M |
| Other Expenses | -$11M |
| Operating Expenses | $133M |
| Cost & Expenses | $164M |
| OPERATING INCOME | $109M |
| Interest Income | $13M |
| Interest Expense | $0 |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $101M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $101M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $101M |
| D&A | $3M |
| EBIT | $109M |
| EBITDA | $109M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $273M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $243M |
| R&D Expenses | $46M |
| Selling & Marketing | $86M |
| General & Administrative | $13M |
| SG&A Expenses | $99M |
| Other Expenses | -$11M |
| Operating Expenses | $133M |
| Cost & Expenses | $164M |
| OPERATING INCOME | $109M |
| Interest Income | $13M |
| Interest Expense | $0 |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $101M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $101M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $101M |
| D&A | $3M |
| EBIT | $109M |
| EBITDA | $109M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $101M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$109M |
| 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 | $10M |
| Short-Term Investments | $159M |
| Net Receivables | $307M |
| Inventory | -$289M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $221M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $34M |
| Long-Term Investments | $3M |
| Tax Assets | $24M |
| Other Non-Current Assets | -$24M |
| TOTAL NON-CURRENT ASSETS | $40M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $162M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $66M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $66M |
| Other Non-Current Liabilities | $70M |
| TOTAL NON-CURRENT LIABILITIES | $70M |
| TOTAL LIABILITIES | $66M |
| Common Stock | $204M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $204M |
| Minority Interest | -$3M |
| TOTAL EQUITY | $201M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $0 |
| Net Debt | -$10M |
