| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $49M | $42M | $36M | 16.2% | 36.3% |
| Op. Income | $13M | $15M | $12M | -16.4% | 4.1% |
| Gross Margin | 86.6% | 87.2% | 89.5% | -0.6pp | -2.9pp |
| Net Margin | 22.3% | 29.8% | 32.1% | -7.5pp | -9.8pp |
| EPS (Diluted) | $0.44 | $0.55 | $0.51 | -20.0% | -13.7% |
| Free Cash Flow | $17M | $10M | $7M | 75.4% | 143.0% |
| Item | Amount |
|---|---|
| REVENUE | $49M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $43M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $15M |
| SG&A Expenses | $16M |
| Other Expenses | $13M |
| Operating Expenses | $30M |
| Cost & Expenses | $36M |
| OPERATING INCOME | $13M |
| Interest Income | $40M |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $2M |
| EBIT | $13M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $49M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $43M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $15M |
| SG&A Expenses | $16M |
| Other Expenses | $13M |
| Operating Expenses | $30M |
| Cost & Expenses | $36M |
| OPERATING INCOME | $13M |
| Interest Income | $40M |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $2M |
| EBIT | $13M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $520.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$16M |
| Purchases of Investments | -$39M |
| Sales/Maturities of Investments | $88M |
| Other Investing Activities | $969.0K |
| NET CASH FROM INVESTING | $31M |
| Net Debt Issuance | -$24M |
| Common Stock Repurchased | -$138.0K |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | -$20M |
| FREE CASH FLOW | $17M |
| Net Change in Cash | $31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $65M |
| Short-Term Investments | $813M |
| Net Receivables | $35M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $913M |
| PP&E (Net) | $81M |
| Goodwill | $104M |
| Intangible Assets | $10M |
| Long-Term Investments | $2.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $105M |
| TOTAL NON-CURRENT ASSETS | $3.0B |
| TOTAL ASSETS | $3.9B |
| Account Payables | $21M |
| Short-Term Debt | $250M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.1B |
| TOTAL CURRENT LIABILITIES | $3.3B |
| Long-Term Debt | $123M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $127M |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $25M |
| Additional Paid-In Capital | $229M |
| Retained Earnings | $211M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $459M |
| Minority Interest | $0 |
| TOTAL EQUITY | $459M |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $376M |
| Net Debt | $312M |
