| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $244M | $241M | $218M | 1.1% | 11.7% |
| Op. Income | $13M | $10M | $171M | 22.6% | -92.6% |
| Gross Margin | 94.2% | 94.1% | 92.6% | 0.0pp | 1.6pp |
| Net Margin | 13.1% | 6.2% | 65.1% | 6.9pp | -52.0pp |
| EPS (Diluted) | $0.37 | $0.17 | $1.60 | 117.6% | -76.9% |
| Free Cash Flow | $33M | $46M | $30M | -28.8% | 11.7% |
| Item | Amount |
|---|---|
| REVENUE | $244M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $229M |
| R&D Expenses | $54M |
| Selling & Marketing | $121M |
| General & Administrative | $30M |
| SG&A Expenses | $151M |
| Other Expenses | $4M |
| Operating Expenses | $217M |
| Cost & Expenses | $231M |
| OPERATING INCOME | $13M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | -$15M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $12M |
| EBIT | $13M |
| EBITDA | $24M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $244M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $229M |
| R&D Expenses | $54M |
| Selling & Marketing | $121M |
| General & Administrative | $30M |
| SG&A Expenses | $151M |
| Other Expenses | $4M |
| Operating Expenses | $217M |
| Cost & Expenses | $231M |
| OPERATING INCOME | $13M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | -$15M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $12M |
| EBIT | $13M |
| EBITDA | $24M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $32M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | -$15M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | $44M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | -$178M |
| Sales/Maturities of Investments | $171M |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$115M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$117M |
| FREE CASH FLOW | $33M |
| Net Change in Cash | -$91M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $333M |
| Short-Term Investments | $423M |
| Net Receivables | $87M |
| Inventory | $0 |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $860M |
| PP&E (Net) | $115M |
| Goodwill | $106M |
| Intangible Assets | $13M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $82M |
| TOTAL NON-CURRENT ASSETS | $315M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $65M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $35M |
| TOTAL NON-CURRENT LIABILITIES | $35M |
| TOTAL LIABILITIES | $100M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$53M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $0 |
| Net Debt | -$333M |
