| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $80M | $66M | $51M | 20.4% | 56.1% |
| Op. Income | $45M | $32M | $17M | 42.1% | 165.2% |
| Gross Margin | 97.3% | 98.3% | 95.4% | -1.0pp | 2.0pp |
| Net Margin | 44.5% | 37.4% | -3.5% | 7.1pp | 48.0pp |
| EPS (Diluted) | $0.46 | $0.36 | $-0.03 | 27.8% | 1670.0% |
| Free Cash Flow | $44M | $36M | $24M | 21.8% | 79.8% |
| Item | Amount |
|---|---|
| REVENUE | $80M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $78M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $32M |
| Operating Expenses | $32M |
| Cost & Expenses | $35M |
| OPERATING INCOME | $45M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $2M |
| EBIT | $48M |
| EBITDA | $50M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $80M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $78M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $32M |
| Operating Expenses | $32M |
| Cost & Expenses | $35M |
| OPERATING INCOME | $45M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $2M |
| EBIT | $48M |
| EBITDA | $50M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $36M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | $47M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $8M |
| Purchases of Investments | -$135M |
| Sales/Maturities of Investments | $98M |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$40M |
| Net Debt Issuance | -$375.0K |
| Common Stock Repurchased | $391.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $692.0K |
| NET CASH FROM FINANCING | $317.0K |
| FREE CASH FLOW | $44M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $24M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $24M |
| PP&E (Net) | $25M |
| Goodwill | $3M |
| Intangible Assets | $47M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $993M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $147M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $244M |
| TOTAL NON-CURRENT LIABILITIES | $391M |
| TOTAL LIABILITIES | $391M |
| Common Stock | $663.0K |
| Additional Paid-In Capital | $682M |
| Retained Earnings | $33M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $702M |
| Minority Interest | $0 |
| TOTAL EQUITY | $702M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $147M |
| Net Debt | $123M |
