| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23M | $26M | $9M | -14.7% | 153.0% |
| Op. Income | $6M | $13M | $1M | -51.9% | 306.9% |
| Gross Margin | 86.3% | 94.6% | 93.3% | -8.3pp | -7.0pp |
| Net Margin | 12.8% | 33.7% | -37.1% | -21.0pp | 49.8pp |
| EPS (Diluted) | $0.05 | $0.15 | $-0.06 | -67.1% | 186.8% |
| Free Cash Flow | $12M | $61M | -$8M | -80.5% | 250.2% |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $13M |
| Operating Expenses | $13M |
| Cost & Expenses | $16M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $359.0K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $531.0K |
| EBIT | $6M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $13M |
| Operating Expenses | $13M |
| Cost & Expenses | $16M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $359.0K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $531.0K |
| EBIT | $6M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $531.0K |
| Stock-Based Compensation | $965.0K |
| Deferred Income Tax | -$320.0K |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$676.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$8.0K |
| NET CASH FROM INVESTING | -$684.0K |
| Net Debt Issuance | $910.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | $12M |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $50M |
| Short-Term Investments | $168M |
| Net Receivables | $77M |
| Inventory | $0 |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $336M |
| PP&E (Net) | $6M |
| Goodwill | $3M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $883.0K |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $351M |
| Account Payables | $33M |
| Short-Term Debt | $74M |
| Deferred Revenue | $82M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $191M |
| Long-Term Debt | $33M |
| Deferred Revenue NC | $82M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$72M |
| TOTAL NON-CURRENT LIABILITIES | $43M |
| TOTAL LIABILITIES | $233M |
| Common Stock | $58.0K |
| Additional Paid-In Capital | $99M |
| Retained Earnings | $41M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $118M |
| Minority Interest | $0 |
| TOTAL EQUITY | $118M |
| TOTAL LIABILITIES & EQUITY | $351M |
| Total Debt | $106M |
| Net Debt | $56M |
