| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17M | $35M | $19M | -52.6% | -10.0% |
| Op. Income | $16M | $30M | $17M | -45.7% | -3.8% |
| Gross Margin | 89.5% | 95.7% | 94.4% | -6.2pp | -4.9pp |
| Net Margin | 98.3% | 85.8% | 92.0% | 12.5pp | 6.3pp |
| EPS (Diluted) | $0.50 | $0.93 | $0.53 | -46.2% | -5.7% |
| Free Cash Flow | $75M | $4M | -$31M | 1597.1% | 340.9% |
| Item | Amount |
|---|---|
| REVENUE | $17M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $15M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | -$3M |
| Operating Expenses | -$1M |
| Cost & Expenses | $281.0K |
| OPERATING INCOME | $16M |
| Interest Income | $12M |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $0 |
| EBIT | $16M |
| EBITDA | $16M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $17M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $15M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | -$3M |
| Operating Expenses | -$1M |
| Cost & Expenses | $281.0K |
| OPERATING INCOME | $16M |
| Interest Income | $12M |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $0 |
| EBIT | $16M |
| EBITDA | $16M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $58M |
| Change in Working Capital | $568.0K |
| OPERATING CASH FLOW | $75M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$66M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$9M |
| Other Financing Activities | -$119.0K |
| NET CASH FROM FINANCING | -$74M |
| FREE CASH FLOW | $75M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $14M |
| Tax Assets | $0 |
| Other Non-Current Assets | $598M |
| TOTAL NON-CURRENT ASSETS | $612M |
| TOTAL ASSETS | $620M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $55M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $152M |
| TOTAL NON-CURRENT LIABILITIES | $207M |
| TOTAL LIABILITIES | $208M |
| Common Stock | $33.0K |
| Additional Paid-In Capital | $330M |
| Retained Earnings | -$10M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $91M |
| TOTAL STOCKHOLDERS' EQUITY | $411M |
| Minority Interest | $0 |
| TOTAL EQUITY | $411M |
| TOTAL LIABILITIES & EQUITY | $620M |
| Total Debt | $55M |
| Net Debt | $53M |
