| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $222M | $184M | $152M | 21.0% | 46.4% |
| Op. Income | $90M | $34M | $54M | 161.9% | 65.9% |
| Gross Margin | 99.0% | 99.1% | 99.0% | -0.1pp | 0.0pp |
| Net Margin | 24.2% | 28.0% | 33.5% | -3.8pp | -9.2pp |
| EPS (Diluted) | $0.56 | $0.54 | $0.52 | 3.7% | 7.7% |
| Free Cash Flow | $94M | $60M | $57M | 58.0% | 66.7% |
| Item | Amount |
|---|---|
| REVENUE | $222M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $220M |
| R&D Expenses | $45M |
| Selling & Marketing | $0 |
| General & Administrative | $84M |
| SG&A Expenses | $84M |
| Other Expenses | $0 |
| Operating Expenses | $130M |
| Cost & Expenses | $132M |
| OPERATING INCOME | $90M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | $58M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | -$11.0K |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $2M |
| EBIT | $66M |
| EBITDA | $68M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $222M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $220M |
| R&D Expenses | $45M |
| Selling & Marketing | $0 |
| General & Administrative | $84M |
| SG&A Expenses | $84M |
| Other Expenses | $0 |
| Operating Expenses | $130M |
| Cost & Expenses | $132M |
| OPERATING INCOME | $90M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | $58M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | -$11.0K |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $2M |
| EBIT | $66M |
| EBITDA | $68M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $54M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $34M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $98M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$231M |
| Sales/Maturities of Investments | $149M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$86M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$64.0K |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | $94M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $167M |
| Short-Term Investments | $504M |
| Net Receivables | $115M |
| Inventory | $11M |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $819M |
| PP&E (Net) | $102M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $254M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $361M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $116M |
| TOTAL CURRENT LIABILITIES | $116M |
| Long-Term Debt | $404M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $490M |
| TOTAL LIABILITIES | $605M |
| Common Stock | $92.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $575M |
| Minority Interest | $0 |
| TOTAL EQUITY | $575M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $478M |
| Net Debt | $311M |
