| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $103M | $89M | $66M | 14.8% | 54.9% |
| Op. Income | $64M | $51M | $32M | 25.5% | 100.7% |
| Gross Margin | 96.6% | 96.3% | 98.3% | 0.3pp | -1.7pp |
| Net Margin | 48.4% | 43.7% | 37.4% | 4.8pp | 11.0pp |
| EPS (Diluted) | $0.69 | $0.56 | $0.36 | 23.2% | 91.7% |
| Free Cash Flow | $49M | $56M | $36M | -12.5% | 37.1% |
| Item | Amount |
|---|---|
| REVENUE | $103M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $99M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $35M |
| Operating Expenses | $35M |
| Cost & Expenses | $39M |
| OPERATING INCOME | $64M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $64M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $1M |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $2M |
| EBIT | $67M |
| EBITDA | $69M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $103M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $99M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $35M |
| Operating Expenses | $35M |
| Cost & Expenses | $39M |
| OPERATING INCOME | $64M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $64M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $1M |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $2M |
| EBIT | $67M |
| EBITDA | $69M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $50M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $14M |
| Other Non-Cash Items | -$644.0K |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $52M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$137M |
| Sales/Maturities of Investments | $98M |
| Other Investing Activities | -$39M |
| NET CASH FROM INVESTING | -$42M |
| Net Debt Issuance | -$375.0K |
| Common Stock Repurchased | -$779.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $580.0K |
| NET CASH FROM FINANCING | $205.0K |
| FREE CASH FLOW | $49M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $43M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $43M |
| PP&E (Net) | $33M |
| Goodwill | $0 |
| Intangible Assets | $60M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $146M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $282M |
| TOTAL NON-CURRENT LIABILITIES | $428M |
| TOTAL LIABILITIES | $428M |
| Common Stock | $679.0K |
| Additional Paid-In Capital | $698M |
| Retained Earnings | $155M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $873M |
| Minority Interest | $0 |
| TOTAL EQUITY | $873M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $146M |
| Net Debt | $103M |
