| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22M | $15M | $19M | 46.5% | 15.0% |
| Op. Income | $9M | $6M | $12M | 44.5% | -31.3% |
| Gross Margin | 64.3% | 47.8% | 71.4% | 16.5pp | -7.1pp |
| Net Margin | 37.7% | 37.6% | 65.4% | 0.1pp | -27.7pp |
| EPS (Diluted) | $0.12 | $0.08 | $0.18 | 50.0% | -33.3% |
| Free Cash Flow | $66M | -$25M | -$107M | 357.5% | 161.5% |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $14M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $4M |
| Operating Expenses | $6M |
| Cost & Expenses | $13M |
| OPERATING INCOME | $9M |
| Interest Income | $27M |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $300.0K |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $0 |
| EBIT | $9M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $14M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $4M |
| Operating Expenses | $6M |
| Cost & Expenses | $13M |
| OPERATING INCOME | $9M |
| Interest Income | $27M |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $300.0K |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $0 |
| EBIT | $9M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $60M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $66M |
| 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 | -$13M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$12M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$28M |
| FREE CASH FLOW | $66M |
| Net Change in Cash | $38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $60M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $66M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $233M |
| Tax Assets | $0 |
| Other Non-Current Assets | $986M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.3B |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $684M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $689M |
| TOTAL LIABILITIES | $704M |
| Common Stock | $67.0K |
| Additional Paid-In Capital | $788M |
| Retained Earnings | -$206M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $582M |
| Minority Interest | $0 |
| TOTAL EQUITY | $582M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $684M |
| Net Debt | $624M |
