| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $192M | $24M | $44M | 702.8% | 335.9% |
| Op. Income | $113M | -$49M | -$23M | 331.0% | 585.4% |
| Gross Margin | 72.9% | -111.6% | -18.6% | 184.5pp | 91.5pp |
| Net Margin | 60.6% | -190.3% | -53.3% | 250.9pp | 113.8pp |
| EPS (Diluted) | $1.26 | $-0.53 | $-0.28 | 337.7% | 550.0% |
| Free Cash Flow | -$30M | $22M | -$37M | -238.1% | 17.5% |
| Item | Amount |
|---|---|
| REVENUE | $192M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $140M |
| R&D Expenses | $52M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $79M |
| Cost & Expenses | $79M |
| OPERATING INCOME | $113M |
| Interest Income | $4M |
| Interest Expense | $736.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $116M |
| Income Tax Expense | $205.0K |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $5M |
| EBIT | $113M |
| EBITDA | $118M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $192M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $140M |
| R&D Expenses | $52M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $79M |
| Cost & Expenses | $79M |
| OPERATING INCOME | $113M |
| Interest Income | $4M |
| Interest Expense | $736.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $116M |
| Income Tax Expense | $205.0K |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $5M |
| EBIT | $113M |
| EBITDA | $118M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $116M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $118.0K |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$167M |
| OPERATING CASH FLOW | -$29M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $50M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $19M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $75M |
| Short-Term Investments | $586M |
| Net Receivables | $6M |
| Inventory | $2M |
| Other Current Assets | $132M |
| TOTAL CURRENT ASSETS | $806M |
| PP&E (Net) | $89M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $11M |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $109M |
| TOTAL ASSETS | $915M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $136.0K |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $83M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $103M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $36M |
| TOTAL NON-CURRENT LIABILITIES | $184M |
| TOTAL LIABILITIES | $267M |
| Common Stock | $868.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$637M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$462.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $629M |
| Minority Interest | $19M |
| TOTAL EQUITY | $648M |
| TOTAL LIABILITIES & EQUITY | $915M |
| Total Debt | $57M |
| Net Debt | -$17M |
