| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $70M | $67M | $38M | 4.0% | 83.4% |
| Op. Income | $28M | $34M | $14M | -19.1% | 93.8% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 37.2% | 40.8% | 30.7% | -3.6pp | 6.5pp |
| EPS (Diluted) | $1.25 | $1.30 | $0.59 | -3.8% | 111.9% |
| Free Cash Flow | $30M | $28M | $4M | 7.8% | 664.9% |
| Item | Amount |
|---|---|
| REVENUE | $70M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $70M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $42M |
| OPERATING INCOME | $28M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $680.0K |
| EBIT | $28M |
| EBITDA | $29M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $70M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $70M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $42M |
| OPERATING INCOME | $28M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $680.0K |
| EBIT | $28M |
| EBITDA | $29M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $680.0K |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$918.0K |
| Other Non-Cash Items | -$938.0K |
| Change in Working Capital | -$424.0K |
| OPERATING CASH FLOW | $30M |
| Capital Expenditure | -$384.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$120M |
| Sales/Maturities of Investments | $99M |
| Other Investing Activities | -$21M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | -$21.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $30M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $74M |
| Short-Term Investments | $271M |
| Net Receivables | $70M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $423M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $11M |
| Tax Assets | $9M |
| Other Non-Current Assets | $700.0K |
| TOTAL NON-CURRENT ASSETS | $31M |
| TOTAL ASSETS | $454M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | -$593.0K |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $27M |
| Common Stock | $194.0K |
| Additional Paid-In Capital | $284M |
| Retained Earnings | $143M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$257.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $427M |
| Minority Interest | $0 |
| TOTAL EQUITY | $427M |
| TOTAL LIABILITIES & EQUITY | $454M |
| Total Debt | $271.0K |
| Net Debt | -$74M |
