| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28M | $54M | $37M | -47.0% | -22.6% |
| Op. Income | $15M | $38M | $27M | -60.0% | -44.3% |
| Gross Margin | 70.1% | 80.8% | 82.3% | -10.7pp | -12.2pp |
| Net Margin | 50.0% | 69.6% | 72.8% | -19.6pp | -22.7pp |
| EPS (Diluted) | $0.22 | $0.57 | $0.42 | -61.4% | -47.6% |
| Free Cash Flow | $44M | $23M | $21M | 96.6% | 108.5% |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $20M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $2M |
| Operating Expenses | $5M |
| Cost & Expenses | $13M |
| OPERATING INCOME | $15M |
| Interest Income | $73M |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $975.0K |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $0 |
| EBIT | $15M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $20M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $2M |
| Operating Expenses | $5M |
| Cost & Expenses | $13M |
| OPERATING INCOME | $15M |
| Interest Income | $73M |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $975.0K |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $0 |
| EBIT | $15M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $21M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $44M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$146M |
| Sales/Maturities of Investments | $392M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $246M |
| Net Debt Issuance | -$267M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$24M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$291M |
| FREE CASH FLOW | $44M |
| Net Change in Cash | -$740.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $24M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $0 |
| Short-Term Debt | $114M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $157M |
| Long-Term Debt | $494M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $510M |
| TOTAL LIABILITIES | $667M |
| Common Stock | $655.0K |
| Additional Paid-In Capital | $992M |
| Retained Earnings | $72M |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $608M |
| Net Debt | $605M |
