| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24M | $30M | $46M | -21.0% | -47.7% |
| Op. Income | $14M | $20M | $43M | -29.0% | -66.9% |
| Gross Margin | 70.9% | 74.9% | 79.6% | -4.0pp | -8.7pp |
| Net Margin | 58.4% | 66.0% | 72.9% | -7.6pp | -14.5pp |
| EPS (Diluted) | $0.30 | $0.43 | $0.71 | -30.2% | -57.7% |
| Free Cash Flow | $80M | $61M | -$60M | 31.0% | 234.4% |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $841.0K |
| Operating Expenses | $3M |
| Cost & Expenses | $10M |
| OPERATING INCOME | $14M |
| Interest Income | $32M |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $343.0K |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $0 |
| EBIT | $14M |
| EBITDA | $14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $841.0K |
| Operating Expenses | $3M |
| Cost & Expenses | $10M |
| OPERATING INCOME | $14M |
| Interest Income | $32M |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $343.0K |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $0 |
| EBIT | $14M |
| EBITDA | $14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $54M |
| OPERATING CASH FLOW | $80M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$478M |
| Sales/Maturities of Investments | $606M |
| Other Investing Activities | -$128M |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$57M |
| Common Stock Repurchased | -$316.0K |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$70M |
| FREE CASH FLOW | $80M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $0 |
| Net Receivables | $18M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $34M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $490.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| 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 | $473M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $75M |
| TOTAL NON-CURRENT LIABILITIES | $548M |
| TOTAL LIABILITIES | $550M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$559M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $931M |
| Minority Interest | $0 |
| TOTAL EQUITY | $931M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $473M |
| Net Debt | $458M |
