| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $46M | $42M | $41M | 9.3% | 13.3% |
| Op. Income | $24M | $23M | $23M | 3.1% | 2.6% |
| Gross Margin | 87.9% | 87.6% | 88.7% | 0.3pp | -0.8pp |
| Net Margin | 36.5% | 43.5% | 47.4% | -7.0pp | -10.9pp |
| EPS (Diluted) | $0.26 | $0.28 | $0.31 | -7.1% | -16.1% |
| Free Cash Flow | $28M | $27M | $22M | 6.8% | 28.2% |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $40M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $37M |
| Operating Expenses | $40M |
| Cost & Expenses | $46M |
| OPERATING INCOME | $24M |
| Interest Income | $361.0K |
| Interest Expense | $8M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $8.0K |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $9M |
| EBIT | $24M |
| EBITDA | $33M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $40M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $37M |
| Operating Expenses | $40M |
| Cost & Expenses | $46M |
| OPERATING INCOME | $24M |
| Interest Income | $361.0K |
| Interest Expense | $8M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $8.0K |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $9M |
| EBIT | $24M |
| EBITDA | $33M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $17M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$570.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $28M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$282M |
| NET CASH FROM INVESTING | -$282M |
| Net Debt Issuance | $287M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$21M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $260M |
| FREE CASH FLOW | $28M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $0 |
| Net Receivables | $60M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $76M |
| PP&E (Net) | $97M |
| Goodwill | $0 |
| Intangible Assets | $97M |
| Long-Term Investments | $9M |
| Tax Assets | -$9M |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $9M |
| Other Current Liabilities | -$17M |
| TOTAL CURRENT LIABILITIES | $77M |
| Long-Term Debt | $694M |
| Deferred Revenue NC | $9M |
| Deferred Tax Liabilities | -$9M |
| Other Non-Current Liabilities | $58M |
| TOTAL NON-CURRENT LIABILITIES | $718M |
| TOTAL LIABILITIES | $794M |
| Common Stock | $651.0K |
| Additional Paid-In Capital | $999M |
| Retained Earnings | $106M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $66.0K |
| Other Equity | -$82M |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $762M |
| Net Debt | $745M |
