| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $170M | $183M | $193M | -7.4% | -12.2% |
| Op. Income | $18M | $43M | $45M | -59.1% | -61.1% |
| Gross Margin | 73.6% | 74.0% | 72.7% | -0.4pp | 0.9pp |
| Net Margin | 47.3% | 22.7% | 23.5% | 24.6pp | 23.8pp |
| EPS (Diluted) | $0.46 | $0.24 | $0.26 | 91.7% | 76.9% |
| Free Cash Flow | $60M | $61M | $62M | -1.5% | -3.8% |
| Item | Amount |
|---|---|
| REVENUE | $170M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $125M |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $74M |
| Other Expenses | $0 |
| Operating Expenses | $107M |
| Cost & Expenses | $152M |
| OPERATING INCOME | $18M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | -$57M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $7M |
| EBIT | $18M |
| EBITDA | $25M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $170M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $125M |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $74M |
| Other Expenses | $0 |
| Operating Expenses | $107M |
| Cost & Expenses | $152M |
| OPERATING INCOME | $18M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | -$57M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $7M |
| EBIT | $18M |
| EBITDA | $25M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $80M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$93M |
| Other Non-Cash Items | -$791.0K |
| Change in Working Capital | $62M |
| OPERATING CASH FLOW | $68M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | -$167M |
| Purchases of Investments | -$148M |
| Sales/Maturities of Investments | $281M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$42M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $23M |
| FREE CASH FLOW | $60M |
| Net Change in Cash | $50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $171M |
| Short-Term Investments | $240M |
| Net Receivables | $108M |
| Inventory | $60M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $607M |
| PP&E (Net) | $107M |
| Goodwill | $243M |
| Intangible Assets | $39M |
| Long-Term Investments | $433M |
| Tax Assets | $450M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $18M |
| Short-Term Debt | $0 |
| Deferred Revenue | $14M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $120M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $344M |
| Other Non-Current Liabilities | $54M |
| TOTAL NON-CURRENT LIABILITIES | $410M |
| TOTAL LIABILITIES | $530M |
| Common Stock | $345.0K |
| Additional Paid-In Capital | $639M |
| Retained Earnings | $753M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$37M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $18M |
| Net Debt | -$153M |
