| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | $31M | $30M | -2.7% | 2.1% |
| Op. Income | $15M | $18M | $20M | -14.8% | -24.7% |
| Gross Margin | 57.2% | 65.0% | 76.6% | -7.8pp | -19.3pp |
| Net Margin | 50.9% | 58.1% | 69.0% | -7.2pp | -18.1pp |
| EPS (Diluted) | $0.27 | $0.31 | $0.36 | -12.9% | -25.0% |
| Free Cash Flow | $59M | -$166M | -$40M | 135.5% | 246.1% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $310.0K |
| Operating Expenses | $2M |
| Cost & Expenses | $15M |
| OPERATING INCOME | $15M |
| Interest Income | $54M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $0 |
| EBIT | $15M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $310.0K |
| Operating Expenses | $2M |
| Cost & Expenses | $15M |
| OPERATING INCOME | $15M |
| Interest Income | $54M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $0 |
| EBIT | $15M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $69M |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | $59M |
| 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 | $577.0K |
| Common Stock Repurchased | -$42M |
| Common Dividends Paid | -$11M |
| Other Financing Activities | -$35.0K |
| NET CASH FROM FINANCING | -$52M |
| FREE CASH FLOW | $59M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $0 |
| Net Receivables | $30M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $48M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.9B |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $40M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $40M |
| Long-Term Debt | $893M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $908M |
| TOTAL LIABILITIES | $947M |
| Common Stock | $112.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $9M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | -$37M |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $893M |
| Net Debt | $877M |
