| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $157M | $185M | $214M | -14.9% | -26.4% |
| Op. Income | $15M | $25M | $39M | -40.8% | -62.8% |
| Gross Margin | 47.6% | 46.4% | 45.5% | 1.1pp | 2.1pp |
| Net Margin | 4.8% | 16.0% | -32.5% | -11.3pp | 37.3pp |
| EPS (Diluted) | $0.11 | $0.43 | $-0.98 | -74.4% | 111.2% |
| Free Cash Flow | $53M | $25M | $45M | 108.3% | 16.8% |
| Item | Amount |
|---|---|
| REVENUE | $157M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $75M |
| R&D Expenses | $30M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $60M |
| Cost & Expenses | $143M |
| OPERATING INCOME | $15M |
| Interest Income | $4M |
| Interest Expense | $251.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $5M |
| EBIT | $18M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $157M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $75M |
| R&D Expenses | $30M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $60M |
| Cost & Expenses | $143M |
| OPERATING INCOME | $15M |
| Interest Income | $4M |
| Interest Expense | $251.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $5M |
| EBIT | $18M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$648.0K |
| Other Non-Cash Items | -$146.0K |
| Change in Working Capital | $41M |
| OPERATING CASH FLOW | $56M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$231M |
| Sales/Maturities of Investments | $169M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$65M |
| Net Debt Issuance | -$183.0K |
| Common Stock Repurchased | -$26M |
| Common Dividends Paid | -$8M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$34M |
| FREE CASH FLOW | $53M |
| Net Change in Cash | -$43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $277M |
| Short-Term Investments | $355M |
| Net Receivables | $187M |
| Inventory | $110M |
| Other Current Assets | $516.0K |
| TOTAL CURRENT ASSETS | $944M |
| PP&E (Net) | $77M |
| Goodwill | $56M |
| Intangible Assets | $50M |
| Long-Term Investments | $1M |
| Tax Assets | $9M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $197M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $46M |
| Short-Term Debt | $0 |
| Deferred Revenue | $33M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $143M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $25M |
| Other Non-Current Liabilities | $99M |
| TOTAL NON-CURRENT LIABILITIES | $139M |
| TOTAL LIABILITIES | $282M |
| Common Stock | $523M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $614M |
| Treasury Stock | -$274M |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $858M |
| Minority Interest | $0 |
| TOTAL EQUITY | $858M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $15M |
| Net Debt | -$262M |
