| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $85M | $83M | $68M | 2.5% | 25.9% |
| Op. Income | $29M | $21M | $24M | 39.4% | 22.3% |
| Gross Margin | 84.6% | 85.1% | 90.0% | -0.4pp | -5.3pp |
| Net Margin | 26.6% | 19.2% | 26.6% | 7.4pp | 0.0pp |
| EPS (Diluted) | $0.44 | $0.31 | $0.38 | 41.9% | 15.8% |
| Free Cash Flow | $19M | $23M | $31M | -16.2% | -38.5% |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $72M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $28M |
| SG&A Expenses | $29M |
| Other Expenses | $14M |
| Operating Expenses | $43M |
| Cost & Expenses | $56M |
| OPERATING INCOME | $29M |
| Interest Income | $72M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $2M |
| EBIT | $29M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $72M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $28M |
| SG&A Expenses | $29M |
| Other Expenses | $14M |
| Operating Expenses | $43M |
| Cost & Expenses | $56M |
| OPERATING INCOME | $29M |
| Interest Income | $72M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $2M |
| EBIT | $29M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $23M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$849.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $62M |
| Other Investing Activities | $23M |
| NET CASH FROM INVESTING | $84M |
| Net Debt Issuance | -$377M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $361M |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | $88M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $212M |
| Short-Term Investments | $878M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $70M |
| Goodwill | $205M |
| Intangible Assets | $24M |
| Long-Term Investments | $5.1B |
| Tax Assets | $25M |
| Other Non-Current Assets | $264M |
| TOTAL NON-CURRENT ASSETS | $5.7B |
| TOTAL ASSETS | $6.8B |
| Account Payables | $0 |
| Short-Term Debt | $148M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.6B |
| TOTAL CURRENT LIABILITIES | $5.8B |
| Long-Term Debt | $74M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $60M |
| TOTAL NON-CURRENT LIABILITIES | $133M |
| TOTAL LIABILITIES | $5.9B |
| Common Stock | $5M |
| Additional Paid-In Capital | $781M |
| Retained Earnings | $120M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $896M |
| Minority Interest | $0 |
| TOTAL EQUITY | $896M |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $222M |
| Net Debt | $10M |
