| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $67M | $38M | $31M | 76.2% | 119.5% |
| Op. Income | $64M | $28M | $20M | 127.5% | 228.2% |
| Gross Margin | 86.7% | 76.7% | 72.1% | 10.0pp | 14.5pp |
| Net Margin | 95.9% | 72.7% | 64.1% | 23.3pp | 31.9pp |
| EPS (Diluted) | $1.37 | $0.59 | $0.42 | 132.2% | 226.2% |
| Free Cash Flow | -$12M | $87M | $18M | -114.0% | -167.0% |
| Item | Amount |
|---|---|
| REVENUE | $67M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $58M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | -$8M |
| Operating Expenses | -$6M |
| Cost & Expenses | $3M |
| OPERATING INCOME | $64M |
| Interest Income | $37M |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $64M |
| Income Tax Expense | -$91.0K |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $0 |
| EBIT | $64M |
| EBITDA | $64M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $67M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $58M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | -$8M |
| Operating Expenses | -$6M |
| Cost & Expenses | $3M |
| OPERATING INCOME | $64M |
| Interest Income | $37M |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $64M |
| Income Tax Expense | -$91.0K |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $0 |
| EBIT | $64M |
| EBITDA | $64M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $64M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$41M |
| Change in Working Capital | -$36M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$108M |
| Sales/Maturities of Investments | $121M |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | -$312.0K |
| Common Dividends Paid | -$13M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$31M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | -$44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $13M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $26M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $563.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $1.5B |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $592M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $24M |
| TOTAL NON-CURRENT LIABILITIES | $616M |
| TOTAL LIABILITIES | $618M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$571M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $923M |
| Minority Interest | $0 |
| TOTAL EQUITY | $923M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $592M |
| Net Debt | $579M |
