| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $244M | $222M | $131M | 9.9% | 85.6% |
| Op. Income | $49M | $90M | $22M | -45.9% | 122.8% |
| Gross Margin | 99.0% | 99.0% | 98.8% | -0.0pp | 0.2pp |
| Net Margin | 13.9% | 24.2% | 13.7% | -10.3pp | 0.2pp |
| EPS (Diluted) | $0.35 | $0.56 | $0.19 | -37.5% | 84.2% |
| Free Cash Flow | $100M | $94M | $44M | 5.8% | 124.4% |
| Item | Amount |
|---|---|
| REVENUE | $244M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $242M |
| R&D Expenses | $55M |
| Selling & Marketing | -$152M |
| General & Administrative | $253M |
| SG&A Expenses | $101M |
| Other Expenses | $36M |
| Operating Expenses | $193M |
| Cost & Expenses | $195M |
| OPERATING INCOME | $49M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $34M |
| D&A | $2M |
| EBIT | $47M |
| EBITDA | $49M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $244M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $242M |
| R&D Expenses | $55M |
| Selling & Marketing | -$152M |
| General & Administrative | $253M |
| SG&A Expenses | $101M |
| Other Expenses | $36M |
| Operating Expenses | $193M |
| Cost & Expenses | $195M |
| OPERATING INCOME | $49M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $34M |
| D&A | $2M |
| EBIT | $47M |
| EBITDA | $49M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $34M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $33M |
| OPERATING CASH FLOW | $103M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$330M |
| Sales/Maturities of Investments | $181M |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | -$166M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | $100M |
| Net Change in Cash | -$56M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $112M |
| Short-Term Investments | $558M |
| Net Receivables | $127M |
| Inventory | $17M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $831M |
| PP&E (Net) | $116M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $356M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $475M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $41M |
| Short-Term Debt | $409M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $85M |
| TOTAL CURRENT LIABILITIES | $565M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $104M |
| TOTAL LIABILITIES | $669M |
| Common Stock | $92.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $637M |
| Minority Interest | $0 |
| TOTAL EQUITY | $637M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $496M |
| Net Debt | $383M |
