| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $237M | $244M | $138M | -2.8% | 71.3% |
| Op. Income | $59M | $49M | -$101M | 20.9% | 158.3% |
| Gross Margin | 99.1% | 99.0% | 99.2% | 0.1pp | -0.1pp |
| Net Margin | 15.8% | 13.9% | -73.8% | 1.8pp | 89.6pp |
| EPS (Diluted) | $0.39 | $0.35 | $-1.12 | 11.4% | 134.8% |
| Free Cash Flow | $34M | $100M | -$116M | -65.7% | 129.4% |
| Item | Amount |
|---|---|
| REVENUE | $237M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $235M |
| R&D Expenses | $58M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $118M |
| Other Expenses | $0 |
| Operating Expenses | $176M |
| Cost & Expenses | $178M |
| OPERATING INCOME | $59M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $2M |
| EBIT | $47M |
| EBITDA | $49M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $237M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $235M |
| R&D Expenses | $58M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $118M |
| Other Expenses | $0 |
| Operating Expenses | $176M |
| Cost & Expenses | $178M |
| OPERATING INCOME | $59M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $2M |
| EBIT | $47M |
| EBITDA | $49M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $37M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $22M |
| Change in Working Capital | -$49M |
| OPERATING CASH FLOW | $36M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$172M |
| Sales/Maturities of Investments | $207M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $33M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $75M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $187M |
| Short-Term Investments | $585M |
| Net Receivables | $149M |
| Inventory | $21M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $968M |
| PP&E (Net) | $115M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $275M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $394M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $140M |
| TOTAL CURRENT LIABILITIES | $140M |
| Long-Term Debt | $414M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $22M |
| TOTAL NON-CURRENT LIABILITIES | $521M |
| TOTAL LIABILITIES | $662M |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $700M |
| Minority Interest | $0 |
| TOTAL EQUITY | $700M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $500M |
| Net Debt | $313M |
