| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $98M | $95M | $91M | 4.1% | 8.8% |
| Op. Income | $34M | $31M | $30M | 9.6% | 13.1% |
| Gross Margin | 85.4% | 85.2% | 90.6% | 0.2pp | -5.2pp |
| Net Margin | 27.4% | 26.6% | 4.4% | 0.8pp | 23.0pp |
| EPS (Diluted) | $0.27 | $0.25 | $0.04 | 8.0% | 575.0% |
| Free Cash Flow | $39M | $31M | $23M | 26.7% | 69.5% |
| Item | Amount |
|---|---|
| REVENUE | $98M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $84M |
| R&D Expenses | $0 |
| Selling & Marketing | $771.0K |
| General & Administrative | $31M |
| SG&A Expenses | $32M |
| Other Expenses | $18M |
| Operating Expenses | $50M |
| Cost & Expenses | $64M |
| OPERATING INCOME | $34M |
| Interest Income | $78M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $7M |
| 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 | $2M |
| EBIT | $34M |
| EBITDA | $36M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $98M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $84M |
| R&D Expenses | $0 |
| Selling & Marketing | $771.0K |
| General & Administrative | $31M |
| SG&A Expenses | $32M |
| Other Expenses | $18M |
| Operating Expenses | $50M |
| Cost & Expenses | $64M |
| OPERATING INCOME | $34M |
| Interest Income | $78M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $7M |
| 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 | $2M |
| EBIT | $34M |
| EBITDA | $36M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $504.0K |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $119.0K |
| OPERATING CASH FLOW | $42M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$55M |
| Sales/Maturities of Investments | $40M |
| Other Investing Activities | -$124M |
| NET CASH FROM INVESTING | -$142M |
| Net Debt Issuance | $129M |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | $103M |
| FREE CASH FLOW | $39M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $99M |
| Short-Term Investments | $909M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $80M |
| Goodwill | $274M |
| Intangible Assets | $13M |
| Long-Term Investments | $6.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $288M |
| TOTAL NON-CURRENT ASSETS | $6.8B |
| TOTAL ASSETS | $7.8B |
| Account Payables | $0 |
| Short-Term Debt | $722M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.9B |
| TOTAL CURRENT LIABILITIES | $6.6B |
| Long-Term Debt | $177M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $48M |
| TOTAL NON-CURRENT LIABILITIES | $233M |
| TOTAL LIABILITIES | $6.9B |
| Common Stock | $114M |
| Additional Paid-In Capital | $492M |
| Retained Earnings | $511M |
| Treasury Stock | -$131M |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $975M |
| Minority Interest | $0 |
| TOTAL EQUITY | $975M |
| TOTAL LIABILITIES & EQUITY | $7.8B |
| Total Debt | $907M |
| Net Debt | $808M |
