| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $72M | $70M | $57M | 3.8% | 28.0% |
| Op. Income | $28M | $25M | $22M | 13.5% | 27.9% |
| Gross Margin | 66.9% | 66.4% | 70.9% | 0.5pp | -4.0pp |
| Net Margin | 29.9% | 27.6% | 35.1% | 2.3pp | -5.2pp |
| EPS (Diluted) | $0.61 | $0.54 | $0.61 | 13.0% | 0.0% |
| Free Cash Flow | $27M | $22M | $12M | 25.3% | 135.4% |
| Item | Amount |
|---|---|
| REVENUE | $72M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $49M |
| R&D Expenses | $0 |
| Selling & Marketing | $473.0K |
| General & Administrative | $13M |
| SG&A Expenses | $14M |
| Other Expenses | $7M |
| Operating Expenses | $20M |
| Cost & Expenses | $44M |
| OPERATING INCOME | $28M |
| Interest Income | $70M |
| Interest Expense | $22M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $1M |
| EBIT | $28M |
| EBITDA | $29M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $72M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $49M |
| R&D Expenses | $0 |
| Selling & Marketing | $473.0K |
| General & Administrative | $13M |
| SG&A Expenses | $14M |
| Other Expenses | $7M |
| Operating Expenses | $20M |
| Cost & Expenses | $44M |
| OPERATING INCOME | $28M |
| Interest Income | $70M |
| Interest Expense | $22M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $1M |
| EBIT | $28M |
| EBITDA | $29M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $673.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$509.0K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $28M |
| Capital Expenditure | -$687.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$62M |
| Sales/Maturities of Investments | $79M |
| Other Investing Activities | -$58M |
| NET CASH FROM INVESTING | -$42M |
| Net Debt Issuance | -$85M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $110M |
| NET CASH FROM FINANCING | $22M |
| FREE CASH FLOW | $27M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $194M |
| Short-Term Investments | $426M |
| Net Receivables | $21M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $641M |
| PP&E (Net) | $36M |
| Goodwill | $163M |
| Intangible Assets | $6M |
| Long-Term Investments | $5.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $200M |
| TOTAL NON-CURRENT ASSETS | $5.5B |
| TOTAL ASSETS | $6.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.8B |
| TOTAL CURRENT LIABILITIES | $4.8B |
| Long-Term Debt | $641M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $31M |
| TOTAL NON-CURRENT LIABILITIES | $690M |
| TOTAL LIABILITIES | $5.4B |
| Common Stock | $469M |
| Additional Paid-In Capital | $20M |
| Retained Earnings | $254M |
| Treasury Stock | -$22M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $720M |
| Minority Interest | $0 |
| TOTAL EQUITY | $720M |
| TOTAL LIABILITIES & EQUITY | $6.2B |
| Total Debt | $658M |
| Net Debt | $464M |
