| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $85M | $83M | $74M | 2.4% | 14.1% |
| Op. Income | $20M | $23M | $13M | -13.3% | 51.0% |
| Gross Margin | 79.7% | 79.3% | 76.4% | 0.4pp | 3.3pp |
| Net Margin | 24.4% | 23.2% | 19.4% | 1.2pp | 5.0pp |
| EPS (Diluted) | $0.50 | $0.47 | $0.35 | 6.4% | 42.9% |
| Free Cash Flow | $26M | $40M | $23M | -36.6% | 9.4% |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $68M |
| R&D Expenses | $18M |
| Selling & Marketing | $19M |
| General & Administrative | $11M |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $48M |
| Cost & Expenses | $65M |
| OPERATING INCOME | $20M |
| Interest Income | $2M |
| Interest Expense | $8.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $638.0K |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $8M |
| EBIT | $21M |
| EBITDA | $29M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $68M |
| R&D Expenses | $18M |
| Selling & Marketing | $19M |
| General & Administrative | $11M |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $48M |
| Cost & Expenses | $65M |
| OPERATING INCOME | $20M |
| Interest Income | $2M |
| Interest Expense | $8.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $638.0K |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $8M |
| EBIT | $21M |
| EBITDA | $29M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $21M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$201.0K |
| Other Non-Cash Items | -$98.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $34M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$72M |
| Sales/Maturities of Investments | $64M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$436.0K |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $88M |
| Short-Term Investments | $211M |
| Net Receivables | $78M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $396M |
| PP&E (Net) | $101M |
| Goodwill | $7M |
| Intangible Assets | $17M |
| Long-Term Investments | $120M |
| Tax Assets | $19M |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $280M |
| TOTAL ASSETS | $676M |
| Account Payables | $848.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $192M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $223M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $21M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $388.0K |
| TOTAL NON-CURRENT LIABILITIES | $65M |
| TOTAL LIABILITIES | $289M |
| Common Stock | $39.0K |
| Additional Paid-In Capital | $362M |
| Retained Earnings | $23M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $387M |
| Minority Interest | $0 |
| TOTAL EQUITY | $387M |
| TOTAL LIABILITIES & EQUITY | $676M |
| Total Debt | $52M |
| Net Debt | -$36M |
