| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $340M | $317M | $320M | 7.3% | 6.5% |
| Op. Income | $161M | $94M | $131M | 72.1% | 22.6% |
| Gross Margin | 88.6% | 88.6% | 88.6% | 0.0pp | 0.1pp |
| Net Margin | 47.6% | 29.7% | 46.4% | 17.9pp | 1.2pp |
| EPS (Diluted) | $1.35 | $0.79 | $1.24 | 72.0% | 8.8% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $340M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $302M |
| R&D Expenses | $44M |
| Selling & Marketing | $107M |
| General & Administrative | $9M |
| SG&A Expenses | $116M |
| Other Expenses | -$19M |
| Operating Expenses | $141M |
| Cost & Expenses | $179M |
| OPERATING INCOME | $161M |
| Interest Income | $17M |
| Interest Expense | $0 |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $179M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $162M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $162M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $162M |
| D&A | $4M |
| EBIT | $161M |
| EBITDA | $165M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $340M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $302M |
| R&D Expenses | $44M |
| Selling & Marketing | $107M |
| General & Administrative | $9M |
| SG&A Expenses | $116M |
| Other Expenses | -$19M |
| Operating Expenses | $141M |
| Cost & Expenses | $179M |
| OPERATING INCOME | $161M |
| Interest Income | $17M |
| Interest Expense | $0 |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $179M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $162M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $162M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $162M |
| D&A | $4M |
| EBIT | $161M |
| EBITDA | $165M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $162M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$168M |
| 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 | $42M |
| Short-Term Investments | $227M |
| Net Receivables | $68M |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $343M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $32M |
| Long-Term Investments | $2M |
| Tax Assets | $582.8K |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $59M |
| TOTAL ASSETS | $402M |
| Account Payables | $0 |
| Short-Term Debt | $1M |
| Deferred Revenue | $31M |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $84M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $11M |
| Other Non-Current Liabilities | -$637.0K |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $95M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $307M |
| TOTAL STOCKHOLDERS' EQUITY | $307M |
| Minority Interest | -$485.7K |
| TOTAL EQUITY | $306M |
| TOTAL LIABILITIES & EQUITY | $402M |
| Total Debt | $2M |
| Net Debt | -$40M |
