| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $320M | $276M | $256M | 15.9% | 24.9% |
| Op. Income | $131M | $102M | $88M | 28.8% | 49.5% |
| Gross Margin | 88.6% | 88.6% | 81.6% | -0.0pp | 7.0pp |
| Net Margin | 46.4% | 36.1% | 41.7% | 10.3pp | 4.7pp |
| EPS (Diluted) | $1.24 | $0.83 | $0.90 | 49.2% | 38.5% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $320M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $283M |
| R&D Expenses | $43M |
| Selling & Marketing | $113M |
| General & Administrative | $10M |
| SG&A Expenses | $122M |
| Other Expenses | -$2M |
| Operating Expenses | $152M |
| Cost & Expenses | $188M |
| OPERATING INCOME | $131M |
| Interest Income | $15M |
| Interest Expense | $0 |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $145M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | $148M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $148M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $148M |
| D&A | $4M |
| EBIT | $131M |
| EBITDA | $131M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $320M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $283M |
| R&D Expenses | $43M |
| Selling & Marketing | $113M |
| General & Administrative | $10M |
| SG&A Expenses | $122M |
| Other Expenses | -$2M |
| Operating Expenses | $152M |
| Cost & Expenses | $188M |
| OPERATING INCOME | $131M |
| Interest Income | $15M |
| Interest Expense | $0 |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $145M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | $148M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $148M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $148M |
| D&A | $4M |
| EBIT | $131M |
| EBITDA | $131M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $148M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$157M |
| 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 | $5M |
| Short-Term Investments | $209M |
| Net Receivables | $421M |
| Inventory | -$384M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $279M |
| PP&E (Net) | $4M |
| Goodwill | $32M |
| Intangible Assets | $836.6K |
| Long-Term Investments | $16M |
| Tax Assets | $13M |
| Other Non-Current Assets | -$13M |
| TOTAL NON-CURRENT ASSETS | $52M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $243M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $88M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $67M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $70M |
| TOTAL LIABILITIES | $88M |
| Common Stock | $169.2K |
| Additional Paid-In Capital | $511M |
| Retained Earnings | $159M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $159M |
| Minority Interest | -$3M |
| TOTAL EQUITY | $156M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $0 |
| Net Debt | -$5M |
