Q2 2018 Earnings

Reported August 8, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q2 2018	Q1 2018	Q2 2017	QoQ Change	YoY Change
Revenue	$53M	$42M	$57M	27.4%	-7.8%
Op. Income	$4M	-$8M	$4M	150.9%	17.7%
Gross Margin	63.3%	54.9%	57.3%	8.4pp	6.0pp
Net Margin	13.6%	-20.2%	6.3%	33.8pp	7.2pp
EPS (Diluted)	$0.54	$-0.70	$0.27	177.4%	100.5%

Revenue Flow

Item	Amount
REVENUE	$53M
Cost of Revenue	$19M
GROSS PROFIT	$34M
R&D Expenses	$7M
Selling & Marketing	$16M
General & Administrative	$6M
SG&A Expenses	$22M
Other Expenses	$0
Operating Expenses	$29M
Cost & Expenses	$49M
OPERATING INCOME	$4M
Interest Income	$2M
Interest Expense	$495.0K
Other Income/Expenses	$4M
INCOME BEFORE TAX	$8M
Income Tax Expense	$1M
Net Income from Continuing Ops	$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$2M
EBIT	$9M
EBITDA	$9M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$53M
Cost of Revenue	$19M
GROSS PROFIT	$34M
R&D Expenses	$7M
Selling & Marketing	$16M
General & Administrative	$6M
SG&A Expenses	$22M
Other Expenses	$0
Operating Expenses	$29M
Cost & Expenses	$49M
OPERATING INCOME	$4M
Interest Income	$2M
Interest Expense	$495.0K
Other Income/Expenses	$4M
INCOME BEFORE TAX	$8M
Income Tax Expense	$1M
Net Income from Continuing Ops	$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$2M
EBIT	$9M
EBITDA	$9M
EPS	$1
EPS Diluted	$1

Balance Sheet

Item	Amount
Cash & Equivalents	$35M
Short-Term Investments	$113M
Net Receivables	$101M
Inventory	$45M
Other Current Assets	$45M
TOTAL CURRENT ASSETS	$302M
PP&E (Net)	$12M
Goodwill	$0
Intangible Assets	$854.7K
Long-Term Investments	$187M
Tax Assets	$12M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$213M
TOTAL ASSETS	$515M
Account Payables	$35M
Short-Term Debt	$45M
Deferred Revenue	$9M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$136M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$191.6K
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$4M
TOTAL LIABILITIES	$140M
Common Stock	$6M
Additional Paid-In Capital	$233M
Retained Earnings	$32M
Treasury Stock	$0
Accum. Other Comp. Income	$105M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$376M
Minority Interest	-$1M
TOTAL EQUITY	$375M
TOTAL LIABILITIES & EQUITY	$515M
Total Debt	$45M
Net Debt	$10M