| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $99M | $95M | $85M | 3.6% | 16.5% |
| Op. Income | $48M | $45M | $39M | 6.0% | 23.2% |
| Gross Margin | 93.8% | 94.1% | 94.9% | -0.3pp | -1.1pp |
| Net Margin | 40.6% | 39.5% | 34.7% | 1.1pp | 5.9pp |
| EPS (Diluted) | $0.30 | $0.28 | $0.22 | 7.1% | 36.4% |
| Free Cash Flow | $66M | $37M | $53M | 78.1% | 25.4% |
| Item | Amount |
|---|---|
| REVENUE | $99M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $92M |
| R&D Expenses | $0 |
| Selling & Marketing | $943.0K |
| General & Administrative | $27M |
| SG&A Expenses | $28M |
| Other Expenses | $17M |
| Operating Expenses | $45M |
| Cost & Expenses | $51M |
| OPERATING INCOME | $48M |
| Interest Income | $74M |
| Interest Expense | $5M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $3M |
| EBIT | $48M |
| EBITDA | $51M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $99M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $92M |
| R&D Expenses | $0 |
| Selling & Marketing | $943.0K |
| General & Administrative | $27M |
| SG&A Expenses | $28M |
| Other Expenses | $17M |
| Operating Expenses | $45M |
| Cost & Expenses | $51M |
| OPERATING INCOME | $48M |
| Interest Income | $74M |
| Interest Expense | $5M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $3M |
| EBIT | $48M |
| EBITDA | $51M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $40M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $70M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$179M |
| Sales/Maturities of Investments | $218M |
| Other Investing Activities | -$36M |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$76M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$14M |
| Other Financing Activities | -$65M |
| NET CASH FROM FINANCING | -$155M |
| FREE CASH FLOW | $66M |
| Net Change in Cash | -$87M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $201M |
| Short-Term Investments | $3.1B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $131M |
| Goodwill | $0 |
| Intangible Assets | $175M |
| Long-Term Investments | $3.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $86M |
| TOTAL NON-CURRENT ASSETS | $4.2B |
| TOTAL ASSETS | $7.6B |
| Account Payables | $0 |
| Short-Term Debt | $381M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.1B |
| TOTAL CURRENT LIABILITIES | $6.5B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $49M |
| TOTAL NON-CURRENT LIABILITIES | $49M |
| TOTAL LIABILITIES | $6.6B |
| Common Stock | $677.0K |
| Additional Paid-In Capital | $441M |
| Retained Earnings | $582M |
| Treasury Stock | -$8M |
| Accum. Other Comp. Income | -$28M |
| Other Equity | $8M |
| TOTAL STOCKHOLDERS' EQUITY | $996M |
| Minority Interest | $0 |
| TOTAL EQUITY | $996M |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $381M |
| Net Debt | $180M |
