| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $69M | $57M | $48M | 21.1% | 43.8% |
| Op. Income | $27M | $22M | $22M | 22.9% | 19.9% |
| Gross Margin | 59.2% | 63.4% | 69.5% | -4.3pp | -10.3pp |
| Net Margin | 29.2% | 28.7% | 34.7% | 0.5pp | -5.5pp |
| EPS (Diluted) | $0.40 | $0.34 | $0.37 | 17.6% | 8.1% |
| Free Cash Flow | -$684M | -$991M | $25M | 31.0% | -2854.1% |
| Item | Amount |
|---|---|
| REVENUE | $69M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $41M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $4M |
| Operating Expenses | $14M |
| Cost & Expenses | $43M |
| OPERATING INCOME | $27M |
| Interest Income | $60M |
| Interest Expense | $27M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $151.0K |
| EBIT | $27M |
| EBITDA | $27M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $69M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $41M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $4M |
| Operating Expenses | $14M |
| Cost & Expenses | $43M |
| OPERATING INCOME | $27M |
| Interest Income | $60M |
| Interest Expense | $27M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $151.0K |
| EBIT | $27M |
| EBITDA | $27M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $151.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$575M |
| Change in Working Capital | -$126M |
| OPERATING CASH FLOW | -$681M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$258M |
| Sales/Maturities of Investments | $211M |
| Other Investing Activities | -$396M |
| NET CASH FROM INVESTING | -$446M |
| Net Debt Issuance | $97M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $843M |
| NET CASH FROM FINANCING | $1.0B |
| FREE CASH FLOW | -$684M |
| Net Change in Cash | -$96M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $365M |
| Short-Term Investments | $309M |
| Net Receivables | $19M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $692M |
| PP&E (Net) | $29M |
| Goodwill | $16M |
| Intangible Assets | $76M |
| Long-Term Investments | $5.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $283M |
| TOTAL NON-CURRENT ASSETS | $5.6B |
| TOTAL ASSETS | $6.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.5B |
| TOTAL CURRENT LIABILITIES | $5.5B |
| Long-Term Debt | $160M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $48M |
| TOTAL NON-CURRENT LIABILITIES | $208M |
| TOTAL LIABILITIES | $5.7B |
| Common Stock | $136M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $281M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $692.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $629M |
| Minority Interest | $0 |
| TOTAL EQUITY | $629M |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $160M |
| Net Debt | -$205M |
