| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $210M | $189M | $115M | 10.8% | 82.4% |
| Op. Income | $41M | $35M | $12M | 17.9% | 239.6% |
| Gross Margin | 37.9% | 37.5% | 33.6% | 0.4pp | 4.3pp |
| Net Margin | 17.0% | 10.3% | 12.3% | 6.7pp | 4.7pp |
| EPS (Diluted) | $0.75 | $0.42 | $0.32 | 78.6% | 134.4% |
| Free Cash Flow | $53M | $38M | $24M | 40.1% | 121.3% |
| Item | Amount |
|---|---|
| REVENUE | $210M |
| Cost of Revenue | $130M |
| GROSS PROFIT | $80M |
| R&D Expenses | $18M |
| Selling & Marketing | $16M |
| General & Administrative | $5M |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $39M |
| Cost & Expenses | $169M |
| OPERATING INCOME | $41M |
| Interest Income | $584.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $584.0K |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $2M |
| EBIT | $41M |
| EBITDA | $43M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $210M |
| Cost of Revenue | $130M |
| GROSS PROFIT | $80M |
| R&D Expenses | $18M |
| Selling & Marketing | $16M |
| General & Administrative | $5M |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $39M |
| Cost & Expenses | $169M |
| OPERATING INCOME | $41M |
| Interest Income | $584.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $584.0K |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $2M |
| EBIT | $41M |
| EBITDA | $43M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $36M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $842.0K |
| Change in Working Capital | $18M |
| OPERATING CASH FLOW | $64M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$25M |
| Sales/Maturities of Investments | $35M |
| Other Investing Activities | $9M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | $53M |
| Net Change in Cash | $66M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $229M |
| Short-Term Investments | $81M |
| Net Receivables | $127M |
| Inventory | $98M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $571M |
| PP&E (Net) | $61M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $89M |
| Tax Assets | $10M |
| Other Non-Current Assets | $787.0K |
| TOTAL NON-CURRENT ASSETS | $160M |
| TOTAL ASSETS | $732M |
| Account Payables | $83M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $43M |
| TOTAL CURRENT LIABILITIES | $159M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $42M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $91M |
| TOTAL NON-CURRENT LIABILITIES | $133M |
| TOTAL LIABILITIES | $291M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $343M |
| Retained Earnings | $98M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $440M |
| Minority Interest | $0 |
| TOTAL EQUITY | $440M |
| TOTAL LIABILITIES & EQUITY | $732M |
| Total Debt | $0 |
| Net Debt | -$229M |
