| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $51M | $52M | $52M | -1.2% | -1.4% |
| Op. Income | $22M | $25M | $24M | -10.6% | -7.0% |
| Gross Margin | 89.9% | 90.2% | 91.4% | -0.3pp | -1.6pp |
| Net Margin | 34.5% | 18.7% | 31.0% | 15.8pp | 3.5pp |
| EPS (Diluted) | $1.13 | $0.62 | $1.04 | 82.3% | 8.7% |
| Free Cash Flow | $11M | $21M | $18M | -49.9% | -42.3% |
| Item | Amount |
|---|---|
| REVENUE | $51M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $46M |
| R&D Expenses | $0 |
| Selling & Marketing | $787.0K |
| General & Administrative | $13M |
| SG&A Expenses | $14M |
| Other Expenses | $10M |
| Operating Expenses | $24M |
| Cost & Expenses | $29M |
| OPERATING INCOME | $22M |
| Interest Income | $38M |
| Interest Expense | $5M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $2M |
| EBIT | $22M |
| EBITDA | $24M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $51M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $46M |
| R&D Expenses | $0 |
| Selling & Marketing | $787.0K |
| General & Administrative | $13M |
| SG&A Expenses | $14M |
| Other Expenses | $10M |
| Operating Expenses | $24M |
| Cost & Expenses | $29M |
| OPERATING INCOME | $22M |
| Interest Income | $38M |
| Interest Expense | $5M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $2M |
| EBIT | $22M |
| EBITDA | $24M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $793.0K |
| Deferred Income Tax | $287.0K |
| Other Non-Cash Items | -$356.0K |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$36M |
| Sales/Maturities of Investments | $24M |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | -$57M |
| Common Stock Repurchased | -$14M |
| Common Dividends Paid | -$7M |
| Other Financing Activities | $132M |
| NET CASH FROM FINANCING | $54M |
| FREE CASH FLOW | $11M |
| Net Change in Cash | $41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $124M |
| Short-Term Investments | $546M |
| Net Receivables | $10M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $679M |
| PP&E (Net) | $73M |
| Goodwill | $0 |
| Intangible Assets | $78M |
| Long-Term Investments | $3.2B |
| Tax Assets | $14M |
| Other Non-Current Assets | $151M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $0 |
| Short-Term Debt | $195M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.4B |
| TOTAL CURRENT LIABILITIES | $3.6B |
| Long-Term Debt | $16M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $49M |
| TOTAL NON-CURRENT LIABILITIES | $66M |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $48M |
| Additional Paid-In Capital | $141M |
| Retained Earnings | $458M |
| Treasury Stock | -$137M |
| Accum. Other Comp. Income | -$17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $492M |
| Minority Interest | $0 |
| TOTAL EQUITY | $492M |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $212M |
| Net Debt | $88M |
