| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $67M | $57M | $76M | 17.4% | -11.5% |
| Op. Income | $34M | $23M | $54M | 52.2% | -36.5% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 40.8% | 35.4% | 48.1% | 5.4pp | -7.3pp |
| EPS (Diluted) | $1.30 | $0.97 | $1.86 | 34.0% | -30.1% |
| Free Cash Flow | $28M | $3M | $57M | 840.9% | -51.4% |
| Item | Amount |
|---|---|
| REVENUE | $67M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $67M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $33M |
| Cost & Expenses | $33M |
| OPERATING INCOME | $34M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $661.0K |
| EBIT | $34M |
| EBITDA | $35M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $67M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $67M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $33M |
| Cost & Expenses | $33M |
| OPERATING INCOME | $34M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $661.0K |
| EBIT | $34M |
| EBITDA | $35M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $661.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | -$510.0K |
| Change in Working Capital | $675.0K |
| OPERATING CASH FLOW | $28M |
| Capital Expenditure | -$623.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$114M |
| Sales/Maturities of Investments | $107M |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$20.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $28M |
| Net Change in Cash | $21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $64M |
| Short-Term Investments | $245M |
| Net Receivables | $67M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $380M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $16M |
| Tax Assets | $8M |
| Other Non-Current Assets | $700.0K |
| TOTAL NON-CURRENT ASSETS | $34M |
| TOTAL ASSETS | $414M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | -$457.0K |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $21M |
| Common Stock | $194.0K |
| Additional Paid-In Capital | $277M |
| Retained Earnings | $117M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$398.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $394M |
| Minority Interest | $0 |
| TOTAL EQUITY | $394M |
| TOTAL LIABILITIES & EQUITY | $414M |
| Total Debt | $293.0K |
| Net Debt | -$64M |
