| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $131M | $152M | $95M | -13.4% | 39.1% |
| Op. Income | $22M | $54M | $12M | -59.7% | 84.8% |
| Gross Margin | 98.8% | 99.0% | 99.2% | -0.1pp | -0.4pp |
| Net Margin | 13.7% | 33.5% | 7.3% | -19.7pp | 6.5pp |
| EPS (Diluted) | $0.19 | $0.52 | $0.07 | -63.5% | 155.4% |
| Free Cash Flow | $44M | $57M | $38M | -21.4% | 16.4% |
| Item | Amount |
|---|---|
| REVENUE | $131M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $130M |
| R&D Expenses | $39M |
| Selling & Marketing | $0 |
| General & Administrative | $69M |
| SG&A Expenses | $69M |
| Other Expenses | $0 |
| Operating Expenses | $108M |
| Cost & Expenses | $110M |
| OPERATING INCOME | $22M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $730.0K |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $1M |
| EBIT | $27M |
| EBITDA | $28M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $131M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $130M |
| R&D Expenses | $39M |
| Selling & Marketing | $0 |
| General & Administrative | $69M |
| SG&A Expenses | $69M |
| Other Expenses | $0 |
| Operating Expenses | $108M |
| Cost & Expenses | $110M |
| OPERATING INCOME | $22M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $730.0K |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $1M |
| EBIT | $27M |
| EBITDA | $28M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $50M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$217M |
| Sales/Maturities of Investments | $116M |
| Other Investing Activities | $4.0K |
| NET CASH FROM INVESTING | -$106M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $44M |
| Net Change in Cash | -$54M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $142M |
| Short-Term Investments | $509M |
| Net Receivables | $57M |
| Inventory | $11M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $738M |
| PP&E (Net) | $34M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $216M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $255M |
| TOTAL ASSETS | $993M |
| Account Payables | $38M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $43M |
| TOTAL CURRENT LIABILITIES | $88M |
| Long-Term Debt | $388M |
| Deferred Revenue NC | $10M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $424M |
| TOTAL LIABILITIES | $512M |
| Common Stock | $91.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $481M |
| Minority Interest | $0 |
| TOTAL EQUITY | $481M |
| TOTAL LIABILITIES & EQUITY | $993M |
| Total Debt | $388M |
| Net Debt | $247M |
