| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $7M | $7M | 7.3% | 15.3% |
| Op. Income | $5M | $5M | $4M | 13.4% | 26.3% |
| Gross Margin | 81.4% | 77.5% | 78.8% | 4.0pp | 2.6pp |
| Net Margin | 49.1% | 48.5% | 44.2% | 0.6pp | 5.0pp |
| EPS (Diluted) | $0.80 | $0.74 | $0.63 | 8.1% | 27.0% |
| Free Cash Flow | $4M | $4M | $1M | -2.5% | 263.9% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $6M |
| R&D Expenses | $914.0K |
| Selling & Marketing | $0 |
| General & Administrative | $374.8K |
| SG&A Expenses | $374.8K |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $3M |
| OPERATING INCOME | $5M |
| Interest Income | $403.9K |
| Interest Expense | $0 |
| Other Income/Expenses | $403.9K |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $252.8K |
| EBIT | $5M |
| EBITDA | $5M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $6M |
| R&D Expenses | $914.0K |
| Selling & Marketing | $0 |
| General & Administrative | $374.8K |
| SG&A Expenses | $374.8K |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $3M |
| OPERATING INCOME | $5M |
| Interest Income | $403.9K |
| Interest Expense | $0 |
| Other Income/Expenses | $403.9K |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $252.8K |
| EBIT | $5M |
| EBITDA | $5M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $252.8K |
| Stock-Based Compensation | $40.9K |
| Deferred Income Tax | -$57.7K |
| Other Non-Cash Items | $139.0K |
| Change in Working Capital | -$247.6K |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$45 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | $26.7K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $21M |
| Net Receivables | $3M |
| Inventory | $4M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $33M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $53M |
| Tax Assets | $572.7K |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $55M |
| TOTAL ASSETS | $87M |
| Account Payables | $415.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $989.7K |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $989.7K |
| Common Stock | $48.4K |
| Additional Paid-In Capital | $20M |
| Retained Earnings | $68M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$915.6K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $86M |
| Minority Interest | $0 |
| TOTAL EQUITY | $86M |
| TOTAL LIABILITIES & EQUITY | $87M |
| Total Debt | $0 |
| Net Debt | -$5M |
