Q3 2017 Earnings

Reported November 24, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q3 2017	Q2 2017	Q3 2016	QoQ Change	YoY Change
Revenue	$174M	$175M	$165M	-0.6%	5.9%
Op. Income	$19M	$10M	-$5M	99.8%	491.0%
Gross Margin	66.5%	61.6%	64.2%	4.9pp	2.3pp
Net Margin	11.7%	5.8%	0.0%	5.8pp	11.7pp
EPS (Diluted)	$35.71	$17.89	$0.11	99.6%	31246.2%

Revenue Flow

Item	Amount
REVENUE	$174M
Cost of Revenue	$58M
GROSS PROFIT	$116M
R&D Expenses	$26M
Selling & Marketing	$60M
General & Administrative	$13M
SG&A Expenses	$73M
Other Expenses	$12M
Operating Expenses	$97M
Cost & Expenses	$155M
OPERATING INCOME	$19M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$22M
Income Tax Expense	$1M
Net Income from Continuing Ops	$21M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$10M
EBIT	$19M
EBITDA	$25M
EPS	$37
EPS Diluted	$36

Income Statement

Item	Amount
REVENUE	$174M
Cost of Revenue	$58M
GROSS PROFIT	$116M
R&D Expenses	$26M
Selling & Marketing	$60M
General & Administrative	$13M
SG&A Expenses	$73M
Other Expenses	$12M
Operating Expenses	$97M
Cost & Expenses	$155M
OPERATING INCOME	$19M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$22M
Income Tax Expense	$1M
Net Income from Continuing Ops	$21M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$10M
EBIT	$19M
EBITDA	$25M
EPS	$37
EPS Diluted	$36

Balance Sheet

Item	Amount
Cash & Equivalents	$241M
Short-Term Investments	$92M
Net Receivables	$85M
Inventory	$0
Other Current Assets	$95M
TOTAL CURRENT ASSETS	$513M
PP&E (Net)	$14M
Goodwill	$135M
Intangible Assets	$23M
Long-Term Investments	$164M
Tax Assets	$17M
Other Non-Current Assets	$5M
TOTAL NON-CURRENT ASSETS	$358M
TOTAL ASSETS	$871M
Account Payables	$24M
Short-Term Debt	$55M
Deferred Revenue	$6M
Other Current Liabilities	$19M
TOTAL CURRENT LIABILITIES	$277M
Long-Term Debt	$12M
Deferred Revenue NC	$794.6K
Deferred Tax Liabilities	$16M
Other Non-Current Liabilities	$50M
TOTAL NON-CURRENT LIABILITIES	$79M
TOTAL LIABILITIES	$357M
Common Stock	$34.0K
Additional Paid-In Capital	$411M
Retained Earnings	$79M
Treasury Stock	-$26M
Accum. Other Comp. Income	$20M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$483M
Minority Interest	$31M
TOTAL EQUITY	$514M
TOTAL LIABILITIES & EQUITY	$871M
Total Debt	$67M
Net Debt	-$174M