| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $337M | $236M | $273M | 43.2% | 23.5% |
| Op. Income | $122M | $96M | $109M | 27.0% | 11.6% |
| Gross Margin | 88.6% | 88.6% | 88.8% | 0.0pp | -0.3pp |
| Net Margin | 34.7% | 40.1% | 37.0% | -5.4pp | -2.3pp |
| EPS (Diluted) | $0.98 | $0.79 | $0.85 | 23.8% | 15.7% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $337M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $299M |
| R&D Expenses | $53M |
| Selling & Marketing | $130M |
| General & Administrative | $12M |
| SG&A Expenses | $142M |
| Other Expenses | -$18M |
| Operating Expenses | $177M |
| Cost & Expenses | $215M |
| OPERATING INCOME | $122M |
| Interest Income | $17M |
| Interest Expense | $0 |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $139M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $117M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $117M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $117M |
| D&A | $4M |
| EBIT | $122M |
| EBITDA | $122M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $337M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $299M |
| R&D Expenses | $53M |
| Selling & Marketing | $130M |
| General & Administrative | $12M |
| SG&A Expenses | $142M |
| Other Expenses | -$18M |
| Operating Expenses | $177M |
| Cost & Expenses | $215M |
| OPERATING INCOME | $122M |
| Interest Income | $17M |
| Interest Expense | $0 |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $139M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $117M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $117M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $117M |
| D&A | $4M |
| EBIT | $122M |
| EBITDA | $122M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $117M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$125M |
| 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 | $34M |
| Short-Term Investments | $196M |
| Net Receivables | $435M |
| Inventory | -$413M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $301M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $33M |
| Long-Term Investments | $1M |
| Tax Assets | $22M |
| Other Non-Current Assets | -$22M |
| TOTAL NON-CURRENT ASSETS | $40M |
| TOTAL ASSETS | $2.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $172M |
| Other Current Liabilities | -$14M |
| TOTAL CURRENT LIABILITIES | $80M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | -$3M |
| Deferred Tax Liabilities | $66M |
| Other Non-Current Liabilities | $73M |
| TOTAL NON-CURRENT LIABILITIES | $73M |
| TOTAL LIABILITIES | $80M |
| Common Stock | $271M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $271M |
| Minority Interest | -$3M |
| TOTAL EQUITY | $268M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $3M |
| Net Debt | -$31M |
