| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $248M | $229M | $212M | 8.5% | 17.3% |
| Op. Income | $22M | $25M | $19M | -10.0% | 17.2% |
| Gross Margin | 49.8% | 49.0% | 48.3% | 0.8pp | 1.5pp |
| Net Margin | 8.9% | 8.7% | 7.0% | 0.2pp | 1.9pp |
| EPS (Diluted) | $0.51 | $0.46 | $0.36 | 10.9% | 41.7% |
| Free Cash Flow | $20M | $42M | $35M | -52.1% | -42.4% |
| Item | Amount |
|---|---|
| REVENUE | $248M |
| Cost of Revenue | $125M |
| GROSS PROFIT | $124M |
| R&D Expenses | $19M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $82M |
| Other Expenses | $0 |
| Operating Expenses | $101M |
| Cost & Expenses | $226M |
| OPERATING INCOME | $22M |
| Interest Income | $0 |
| Interest Expense | $212.0K |
| Other Income/Expenses | -$212.0K |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | -$125.0K |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $17M |
| EBIT | $22M |
| EBITDA | $39M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $248M |
| Cost of Revenue | $125M |
| GROSS PROFIT | $124M |
| R&D Expenses | $19M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $82M |
| Other Expenses | $0 |
| Operating Expenses | $101M |
| Cost & Expenses | $226M |
| OPERATING INCOME | $22M |
| Interest Income | $0 |
| Interest Expense | $212.0K |
| Other Income/Expenses | -$212.0K |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | -$125.0K |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $17M |
| EBIT | $22M |
| EBITDA | $39M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $495.0K |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $35M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | -$4M |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | -$30M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$31M |
| FREE CASH FLOW | $20M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $127M |
| Short-Term Investments | $10M |
| Net Receivables | $218M |
| Inventory | $108M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $483M |
| PP&E (Net) | $110M |
| Goodwill | $337M |
| Intangible Assets | $210M |
| Long-Term Investments | $20M |
| Tax Assets | $14M |
| Other Non-Current Assets | $67M |
| TOTAL NON-CURRENT ASSETS | $758M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $46M |
| Short-Term Debt | $0 |
| Deferred Revenue | $95M |
| Other Current Liabilities | $44M |
| TOTAL CURRENT LIABILITIES | $237M |
| Long-Term Debt | $50M |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $39M |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $159M |
| TOTAL LIABILITIES | $396M |
| Common Stock | $51.0K |
| Additional Paid-In Capital | $781M |
| Retained Earnings | $259M |
| Treasury Stock | -$185M |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $845M |
| Minority Interest | $0 |
| TOTAL EQUITY | $845M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $111M |
| Net Debt | -$16M |
