| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $86M | $100M | $94M | -13.7% | -8.0% |
| Op. Income | $7M | $11M | $10M | -34.9% | -32.7% |
| Gross Margin | 40.6% | 42.2% | 40.1% | -1.6pp | 0.6pp |
| Net Margin | 5.6% | 11.7% | 9.3% | -6.1pp | -3.8pp |
| EPS (Diluted) | $0.16 | $0.39 | $0.30 | -59.0% | -46.7% |
| Free Cash Flow | $23M | $14M | $24M | 57.4% | -5.8% |
| Item | Amount |
|---|---|
| REVENUE | $86M |
| Cost of Revenue | $51M |
| GROSS PROFIT | $35M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $16M |
| Other Expenses | $1M |
| Operating Expenses | $28M |
| Cost & Expenses | $79M |
| OPERATING INCOME | $7M |
| Interest Income | $337.0K |
| Interest Expense | $11.0K |
| Other Income/Expenses | $326.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $2M |
| EBIT | $7M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $86M |
| Cost of Revenue | $51M |
| GROSS PROFIT | $35M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $16M |
| Other Expenses | $1M |
| Operating Expenses | $28M |
| Cost & Expenses | $79M |
| OPERATING INCOME | $7M |
| Interest Income | $337.0K |
| Interest Expense | $11.0K |
| Other Income/Expenses | $326.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $2M |
| EBIT | $7M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$739.0K |
| Other Non-Cash Items | -$242.0K |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$612.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$11M |
| Sales/Maturities of Investments | $35M |
| Other Investing Activities | $21.0K |
| NET CASH FROM INVESTING | $23M |
| Net Debt Issuance | -$289.0K |
| Common Stock Repurchased | $85.0K |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $23M |
| Net Change in Cash | $44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $171M |
| Short-Term Investments | $549.0K |
| Net Receivables | $79M |
| Inventory | $64M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $322M |
| PP&E (Net) | $33M |
| Goodwill | $65M |
| Intangible Assets | $14M |
| Long-Term Investments | -$3M |
| Tax Assets | $3M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $121M |
| TOTAL ASSETS | $443M |
| Account Payables | $40M |
| Short-Term Debt | $4M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $90M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $9M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $36M |
| TOTAL NON-CURRENT LIABILITIES | $44M |
| TOTAL LIABILITIES | $134M |
| Common Stock | $29M |
| Additional Paid-In Capital | $130M |
| Retained Earnings | $171M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $309M |
| Minority Interest | $0 |
| TOTAL EQUITY | $309M |
| TOTAL LIABILITIES & EQUITY | $443M |
| Total Debt | $8M |
| Net Debt | -$163M |
