| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33M | $31M | $8M | 7.9% | 309.0% |
| Op. Income | $24M | $20M | -$6M | 23.6% | 500.4% |
| Gross Margin | 74.9% | 72.1% | -39.5% | 2.8pp | 114.3pp |
| Net Margin | 73.4% | 64.1% | -75.0% | 9.4pp | 148.4pp |
| EPS (Diluted) | $0.52 | $0.42 | $-0.13 | 23.8% | 500.0% |
| Free Cash Flow | $34M | $18M | $39M | 89.8% | -12.5% |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $25M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | -$2M |
| Operating Expenses | $484.0K |
| Cost & Expenses | $9M |
| OPERATING INCOME | $24M |
| Interest Income | $28M |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $0 |
| EBIT | $24M |
| EBITDA | $24M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $25M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | -$2M |
| Operating Expenses | $484.0K |
| Cost & Expenses | $9M |
| OPERATING INCOME | $24M |
| Interest Income | $28M |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $0 |
| EBIT | $24M |
| EBITDA | $24M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $24M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$119M |
| Change in Working Capital | $130M |
| OPERATING CASH FLOW | $34M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$409M |
| Sales/Maturities of Investments | $301M |
| Other Investing Activities | $108M |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $28M |
| Common Stock Repurchased | -$412.0K |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $14M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $57M |
| Short-Term Investments | $0 |
| Net Receivables | $46M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $103M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $1.6B |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $607M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $181M |
| TOTAL NON-CURRENT LIABILITIES | $788M |
| TOTAL LIABILITIES | $795M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$19M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | -$723M |
| TOTAL STOCKHOLDERS' EQUITY | $838M |
| Minority Interest | $0 |
| TOTAL EQUITY | $838M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $607M |
| Net Debt | $550M |
