| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $188M | $216M | $205M | -12.7% | -8.4% |
| Op. Income | $5M | $18M | $24M | -72.3% | -78.5% |
| Gross Margin | 61.6% | 60.4% | 60.5% | 1.2pp | 1.1pp |
| Net Margin | 2.9% | 7.0% | 12.9% | -4.2pp | -10.0pp |
| EPS (Diluted) | $0.12 | $0.35 | $0.60 | -65.7% | -80.0% |
| Free Cash Flow | $28M | $22M | $18M | 26.6% | 55.4% |
| Item | Amount |
|---|---|
| REVENUE | $188M |
| Cost of Revenue | $72M |
| GROSS PROFIT | $116M |
| R&D Expenses | $62M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $49M |
| Other Expenses | $0 |
| Operating Expenses | $111M |
| Cost & Expenses | $183M |
| OPERATING INCOME | $5M |
| Interest Income | $3M |
| Interest Expense | $5M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $14M |
| EBIT | $5M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $188M |
| Cost of Revenue | $72M |
| GROSS PROFIT | $116M |
| R&D Expenses | $62M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $49M |
| Other Expenses | $0 |
| Operating Expenses | $111M |
| Cost & Expenses | $183M |
| OPERATING INCOME | $5M |
| Interest Income | $3M |
| Interest Expense | $5M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $14M |
| EBIT | $5M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$215.0K |
| OPERATING CASH FLOW | $32M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$64M |
| Sales/Maturities of Investments | $99M |
| Other Investing Activities | -$414.0K |
| NET CASH FROM INVESTING | $31M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | -$29M |
| FREE CASH FLOW | $28M |
| Net Change in Cash | $34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $231M |
| Short-Term Investments | $383M |
| Net Receivables | $70M |
| Inventory | $70M |
| Other Current Assets | $60M |
| TOTAL CURRENT ASSETS | $814M |
| PP&E (Net) | $139M |
| Goodwill | $397M |
| Intangible Assets | $161M |
| Long-Term Investments | $6M |
| Tax Assets | -$6M |
| Other Non-Current Assets | $111M |
| TOTAL NON-CURRENT ASSETS | $807M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $42M |
| Short-Term Debt | $0 |
| Deferred Revenue | $24M |
| Other Current Liabilities | $69M |
| TOTAL CURRENT LIABILITIES | $135M |
| Long-Term Debt | $358M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $55M |
| TOTAL NON-CURRENT LIABILITIES | $430M |
| TOTAL LIABILITIES | $564M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $91M |
| Retained Earnings | $967M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$251.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $358M |
| Net Debt | $127M |
