Q4 2018 Earnings

Reported December 31, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q4 2018	Q3 2018	Q4 2017	QoQ Change	YoY Change
Revenue	$202M	$197M	$203M	2.2%	-0.5%
Op. Income	$11M	$19M	$32M	-41.3%	-66.2%
Gross Margin	69.9%	71.8%	66.8%	-1.9pp	3.1pp
Net Margin	53.1%	12.4%	75.4%	40.7pp	-22.4pp
EPS (Diluted)	$188.47	$42.35	$266.83	345.0%	-29.4%

Revenue Flow

Item	Amount
REVENUE	$202M
Cost of Revenue	$61M
GROSS PROFIT	$141M
R&D Expenses	$28M
Selling & Marketing	$85M
General & Administrative	$19M
SG&A Expenses	$104M
Other Expenses	$115M
Operating Expenses	$129M
Cost & Expenses	$190M
OPERATING INCOME	$11M
Interest Income	$4M
Interest Expense	$0
Other Income/Expenses	$106M
INCOME BEFORE TAX	$117M
Income Tax Expense	$8M
Net Income from Continuing Ops	$109M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$107M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$107M
D&A	$16M
EBIT	$12M
EBITDA	$27M
EPS	$192
EPS Diluted	$188

Income Statement

Item	Amount
REVENUE	$202M
Cost of Revenue	$61M
GROSS PROFIT	$141M
R&D Expenses	$28M
Selling & Marketing	$85M
General & Administrative	$19M
SG&A Expenses	$104M
Other Expenses	$115M
Operating Expenses	$129M
Cost & Expenses	$190M
OPERATING INCOME	$11M
Interest Income	$4M
Interest Expense	$0
Other Income/Expenses	$106M
INCOME BEFORE TAX	$117M
Income Tax Expense	$8M
Net Income from Continuing Ops	$109M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$107M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$107M
D&A	$16M
EBIT	$12M
EBITDA	$27M
EPS	$192
EPS Diluted	$188

Balance Sheet

Item	Amount
Cash & Equivalents	$407M
Short-Term Investments	$136M
Net Receivables	$206M
Inventory	$2M
Other Current Assets	$150M
TOTAL CURRENT ASSETS	$813M
PP&E (Net)	$9M
Goodwill	$90M
Intangible Assets	$7M
Long-Term Investments	$270M
Tax Assets	$13M
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$398M
TOTAL ASSETS	$1.2B
Account Payables	$26M
Short-Term Debt	$0
Deferred Revenue	$20M
Other Current Liabilities	$52M
TOTAL CURRENT LIABILITIES	$268M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$16M
Other Non-Current Liabilities	$110M
TOTAL NON-CURRENT LIABILITIES	$126M
TOTAL LIABILITIES	$394M
Common Stock	$33.6K
Additional Paid-In Capital	$401M
Retained Earnings	$395M
Treasury Stock	-$32M
Accum. Other Comp. Income	$36M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$800M
Minority Interest	$17M
TOTAL EQUITY	$817M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$0
Net Debt	-$407M