| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $87M | $86M | $71M | 1.1% | 21.4% |
| Op. Income | $34M | $30M | $21M | 12.9% | 64.7% |
| Gross Margin | 83.7% | 82.9% | 81.3% | 0.8pp | 2.4pp |
| Net Margin | 29.5% | 27.1% | 22.8% | 2.4pp | 6.7pp |
| EPS (Diluted) | $0.49 | $0.45 | $0.34 | 8.9% | 44.1% |
| Free Cash Flow | $25M | $29M | $22M | -12.5% | 13.3% |
| Item | Amount |
|---|---|
| REVENUE | $87M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $73M |
| R&D Expenses | $0 |
| Selling & Marketing | $933.0K |
| General & Administrative | $26M |
| SG&A Expenses | $27M |
| Other Expenses | $12M |
| Operating Expenses | $39M |
| Cost & Expenses | $53M |
| OPERATING INCOME | $34M |
| Interest Income | $73M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $2M |
| EBIT | $34M |
| EBITDA | $36M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $87M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $73M |
| R&D Expenses | $0 |
| Selling & Marketing | $933.0K |
| General & Administrative | $26M |
| SG&A Expenses | $27M |
| Other Expenses | $12M |
| Operating Expenses | $39M |
| Cost & Expenses | $53M |
| OPERATING INCOME | $34M |
| Interest Income | $73M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $2M |
| EBIT | $34M |
| EBITDA | $36M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $706.0K |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $26M |
| Capital Expenditure | -$769.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$77M |
| Sales/Maturities of Investments | $89M |
| Other Investing Activities | -$95M |
| NET CASH FROM INVESTING | -$84M |
| Net Debt Issuance | -$90M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $120M |
| NET CASH FROM FINANCING | $30M |
| FREE CASH FLOW | $25M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $137M |
| Short-Term Investments | $921M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $68M |
| Goodwill | $205M |
| Intangible Assets | $21M |
| Long-Term Investments | $5.3B |
| Tax Assets | $17M |
| Other Non-Current Assets | $268M |
| TOTAL NON-CURRENT ASSETS | $5.8B |
| TOTAL ASSETS | $6.9B |
| Account Payables | $0 |
| Short-Term Debt | $70M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.7B |
| TOTAL CURRENT LIABILITIES | $5.7B |
| Long-Term Debt | $121M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $63M |
| TOTAL NON-CURRENT LIABILITIES | $184M |
| TOTAL LIABILITIES | $5.9B |
| Common Stock | $5M |
| Additional Paid-In Capital | $785M |
| Retained Earnings | $169M |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | $10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $963M |
| Minority Interest | $0 |
| TOTAL EQUITY | $963M |
| TOTAL LIABILITIES & EQUITY | $6.9B |
| Total Debt | $191M |
| Net Debt | $55M |
