| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16M | $17M | $17M | -4.7% | -4.8% |
| Op. Income | $5M | $11M | $2M | -55.5% | 135.8% |
| Gross Margin | 66.7% | 73.7% | 84.3% | -7.0pp | -17.7pp |
| Net Margin | 31.4% | 65.9% | 11.5% | -34.5pp | 19.9pp |
| EPS (Diluted) | $0.13 | $0.29 | $0.05 | -55.2% | 160.0% |
| Free Cash Flow | -$44M | -$25M | -$45M | -72.7% | 2.3% |
| Item | Amount |
|---|---|
| REVENUE | $16M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $11M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $5M |
| Operating Expenses | $6M |
| Cost & Expenses | $11M |
| OPERATING INCOME | $5M |
| Interest Income | $21M |
| Interest Expense | $5M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $0 |
| EBIT | $10M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $16M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $11M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $5M |
| Operating Expenses | $6M |
| Cost & Expenses | $11M |
| OPERATING INCOME | $5M |
| Interest Income | $21M |
| Interest Expense | $5M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $0 |
| EBIT | $10M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$64M |
| OPERATING CASH FLOW | -$44M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $17M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$11M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$44M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $35M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $39M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $980M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $980M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $344M |
| TOTAL CURRENT LIABILITIES | $355M |
| Long-Term Debt | $133M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $133M |
| TOTAL LIABILITIES | $489M |
| Common Stock | $38.8K |
| Additional Paid-In Capital | $539M |
| Retained Earnings | -$7M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | -$2M |
| TOTAL STOCKHOLDERS' EQUITY | $530M |
| Minority Interest | $0 |
| TOTAL EQUITY | $530M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $133M |
| Net Debt | $98M |
