| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | $26M | $30M | 13.1% | -2.8% |
| Op. Income | $18M | $16M | $21M | 15.9% | -13.5% |
| Gross Margin | 67.0% | 65.6% | 74.7% | 1.3pp | -7.7pp |
| Net Margin | 62.3% | 60.7% | 70.0% | 1.5pp | -7.7pp |
| EPS (Diluted) | $0.31 | $0.26 | $0.36 | 19.2% | -13.9% |
| Free Cash Flow | -$116M | $30M | -$12M | -482.2% | -897.9% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $20M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $11M |
| OPERATING INCOME | $18M |
| Interest Income | $39M |
| Interest Expense | $10M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $0 |
| EBIT | $18M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $20M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $11M |
| OPERATING INCOME | $18M |
| Interest Income | $39M |
| Interest Expense | $10M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $0 |
| EBIT | $18M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$135M |
| Change in Working Capital | $582.0K |
| OPERATING CASH FLOW | -$116M |
| 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 | $148M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$22M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $124M |
| FREE CASH FLOW | -$116M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | -$296.0K |
| Net Receivables | $6M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $19M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$1.9B |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $10M |
| Short-Term Debt | $22M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $135.0K |
| TOTAL CURRENT LIABILITIES | $47M |
| Long-Term Debt | $968M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$18.0K |
| TOTAL NON-CURRENT LIABILITIES | $968M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $60.0K |
| Additional Paid-In Capital | $954M |
| Retained Earnings | $11M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $965M |
| Minority Interest | $0 |
| TOTAL EQUITY | $965M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $990M |
| Net Debt | $977M |
