| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $21M | $15M | $11M | 40.6% | 91.0% |
| Op. Income | $15M | $10M | $7M | 53.1% | 129.8% |
| Gross Margin | 90.5% | 91.3% | 94.9% | -0.8pp | -4.5pp |
| Net Margin | 73.0% | 70.2% | 55.6% | 2.8pp | 17.4pp |
| EPS (Diluted) | $0.93 | $0.63 | $0.37 | 47.6% | 151.4% |
| Free Cash Flow | -$12M | -$42M | -$17M | 70.6% | 28.1% |
| Item | Amount |
|---|---|
| REVENUE | $21M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $2M |
| Operating Expenses | $3M |
| Cost & Expenses | $5M |
| OPERATING INCOME | $15M |
| Interest Income | $7M |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $146.0K |
| 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 | $323.0K |
| EBIT | $15M |
| EBITDA | $15M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $21M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $2M |
| Operating Expenses | $3M |
| Cost & Expenses | $5M |
| OPERATING INCOME | $15M |
| Interest Income | $7M |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $146.0K |
| 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 | $323.0K |
| EBIT | $15M |
| EBITDA | $15M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $323.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$26M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$12M |
| 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 | $5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$4M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$230.0K |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $14M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $402M |
| TOTAL NON-CURRENT ASSETS | $404M |
| TOTAL ASSETS | $417M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $95M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $105M |
| TOTAL LIABILITIES | $109M |
| Common Stock | $5M |
| Additional Paid-In Capital | $261M |
| Retained Earnings | $67M |
| Treasury Stock | -$24M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $308M |
| Minority Interest | $0 |
| TOTAL EQUITY | $308M |
| TOTAL LIABILITIES & EQUITY | $417M |
| Total Debt | $95M |
| Net Debt | $87M |
