| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $51M | $44M | $67M | 15.7% | -23.6% |
| Op. Income | $6M | $4M | $34M | 71.3% | -81.3% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 17.9% | 15.9% | 40.8% | 2.1pp | -22.9pp |
| EPS (Diluted) | $0.44 | $0.33 | $1.30 | 33.3% | -66.2% |
| Free Cash Flow | $8M | $303.0K | $28M | 2622.4% | -70.2% |
| Item | Amount |
|---|---|
| REVENUE | $51M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $51M |
| R&D Expenses | $39M |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $45M |
| Cost & Expenses | $45M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | -$486.0K |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $891.0K |
| EBIT | $6M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $51M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $51M |
| R&D Expenses | $39M |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $45M |
| Cost & Expenses | $45M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | -$486.0K |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $891.0K |
| EBIT | $6M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $891.0K |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$296.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$196M |
| Sales/Maturities of Investments | $144M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$52M |
| Net Debt Issuance | -$22.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $709.0K |
| NET CASH FROM FINANCING | $687.0K |
| FREE CASH FLOW | $8M |
| Net Change in Cash | -$43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $51M |
| Short-Term Investments | $284M |
| Net Receivables | $51M |
| Inventory | $0 |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $402M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $65M |
| Tax Assets | $11M |
| Other Non-Current Assets | $700.0K |
| TOTAL NON-CURRENT ASSETS | $88M |
| TOTAL ASSETS | $490M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | -$318.0K |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $27M |
| Common Stock | $197.0K |
| Additional Paid-In Capital | $298M |
| Retained Earnings | $164M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $146.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $462M |
| Minority Interest | $0 |
| TOTAL EQUITY | $462M |
| TOTAL LIABILITIES & EQUITY | $490M |
| Total Debt | $200.0K |
| Net Debt | -$51M |
