| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $60M | $51M | $37M | 17.3% | 62.7% |
| Op. Income | $27M | $17M | $7M | 55.5% | 293.6% |
| Gross Margin | 97.4% | 95.4% | 98.3% | 2.0pp | -0.9pp |
| Net Margin | 37.3% | -3.5% | 14.9% | 40.7pp | 22.4pp |
| EPS (Diluted) | $0.34 | $-0.03 | $0.09 | 1260.4% | 277.8% |
| Free Cash Flow | $20M | $24M | -$5M | -18.8% | 483.1% |
| Item | Amount |
|---|---|
| REVENUE | $60M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $58M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $32M |
| Operating Expenses | $32M |
| Cost & Expenses | $33M |
| OPERATING INCOME | $27M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $332.0K |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $2M |
| EBIT | $30M |
| EBITDA | $32M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $60M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $58M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $32M |
| Operating Expenses | $32M |
| Cost & Expenses | $33M |
| OPERATING INCOME | $27M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $332.0K |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $2M |
| EBIT | $30M |
| EBITDA | $32M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $380.0K |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | -$91M |
| Sales/Maturities of Investments | $76M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | -$375.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$741.0K |
| NET CASH FROM FINANCING | $78M |
| FREE CASH FLOW | $20M |
| Net Change in Cash | $83M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $102M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $102M |
| PP&E (Net) | $23M |
| Goodwill | $0 |
| Intangible Assets | $44M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $819M |
| TOTAL NON-CURRENT ASSETS | $886M |
| TOTAL ASSETS | $988M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $144M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $242M |
| TOTAL NON-CURRENT LIABILITIES | $386M |
| TOTAL LIABILITIES | $386M |
| Common Stock | $656.0K |
| Additional Paid-In Capital | $667M |
| Retained Earnings | -$52M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $602M |
| Minority Interest | $0 |
| TOTAL EQUITY | $602M |
| TOTAL LIABILITIES & EQUITY | $988M |
| Total Debt | $144M |
| Net Debt | $42M |
