| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $81M | $101M | $71M | -19.8% | 13.9% |
| Op. Income | $47M | $58M | $34M | -19.7% | 39.8% |
| Gross Margin | 68.6% | 66.8% | 59.3% | 1.8pp | 9.2pp |
| Net Margin | 34.8% | 40.4% | 40.4% | -5.6pp | -5.6pp |
| EPS (Diluted) | $0.35 | $0.50 | $0.40 | -30.0% | -12.5% |
| Free Cash Flow | $122M | -$60M | $395M | 304.6% | -69.0% |
| Item | Amount |
|---|---|
| REVENUE | $81M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $56M |
| R&D Expenses | $378.0K |
| Selling & Marketing | $1M |
| General & Administrative | $7M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $34M |
| OPERATING INCOME | $47M |
| Interest Income | $37M |
| Interest Expense | $35M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $0 |
| EBIT | $38M |
| EBITDA | $38M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $81M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $56M |
| R&D Expenses | $378.0K |
| Selling & Marketing | $1M |
| General & Administrative | $7M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $34M |
| OPERATING INCOME | $47M |
| Interest Income | $37M |
| Interest Expense | $35M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $0 |
| EBIT | $38M |
| EBITDA | $38M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $28M |
| Depreciation & Amortization | -$5M |
| Stock-Based Compensation | $899.0K |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $96M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $122M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$556M |
| Sales/Maturities of Investments | $43M |
| Other Investing Activities | $285M |
| NET CASH FROM INVESTING | -$228M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | -$29M |
| Other Financing Activities | $180M |
| NET CASH FROM FINANCING | $130M |
| FREE CASH FLOW | $122M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $102M |
| Short-Term Investments | $71M |
| Net Receivables | $313.0K |
| Inventory | $0 |
| Other Current Assets | -$313.0K |
| TOTAL CURRENT ASSETS | $173M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $957M |
| Long-Term Investments | $1.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $5.8B |
| Account Payables | $61M |
| Short-Term Debt | $3.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $71M |
| TOTAL CURRENT LIABILITIES | $3.7B |
| Long-Term Debt | $544M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $561M |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $609.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$39M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $5.8B |
| Total Debt | $4.1B |
| Net Debt | $4.0B |
