| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $240M | $272M | $229M | -11.6% | 5.1% |
| Op. Income | $77M | $116M | $112M | -33.1% | -30.7% |
| Gross Margin | 95.6% | 97.2% | 96.8% | -1.6pp | -1.2pp |
| Net Margin | 28.6% | 35.9% | 157.5% | -7.3pp | -128.9pp |
| EPS (Diluted) | $0.22 | $0.31 | $1.15 | -29.0% | -80.9% |
| Free Cash Flow | $151M | $74M | $102M | 105.0% | 48.2% |
| Item | Amount |
|---|---|
| REVENUE | $240M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $230M |
| R&D Expenses | $94M |
| Selling & Marketing | $18M |
| General & Administrative | $40M |
| SG&A Expenses | $58M |
| Other Expenses | -$8.0K |
| Operating Expenses | $152M |
| Cost & Expenses | $163M |
| OPERATING INCOME | $77M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $85M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $69M |
| D&A | $9M |
| EBIT | $85M |
| EBITDA | $94M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $240M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $230M |
| R&D Expenses | $94M |
| Selling & Marketing | $18M |
| General & Administrative | $40M |
| SG&A Expenses | $58M |
| Other Expenses | -$8.0K |
| Operating Expenses | $152M |
| Cost & Expenses | $163M |
| OPERATING INCOME | $77M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $85M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $69M |
| D&A | $9M |
| EBIT | $85M |
| EBITDA | $94M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $69M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $15M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $47M |
| OPERATING CASH FLOW | $158M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$295M |
| Sales/Maturities of Investments | $172M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$130M |
| Net Debt Issuance | $34.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $151M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $267M |
| Short-Term Investments | $586M |
| Net Receivables | $119M |
| Inventory | $13M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $91M |
| Goodwill | $64M |
| Intangible Assets | $0 |
| Long-Term Investments | $536M |
| Tax Assets | $172M |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $874M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $7M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $143M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $57M |
| TOTAL LIABILITIES | $200M |
| Common Stock | $305.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$559M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $51M |
| Net Debt | -$216M |
