diff --git a/src/index.js b/src/index.js
index ad0fb57..964c7b6 100644
--- a/src/index.js
+++ b/src/index.js
@@ -14,36 +14,36 @@ const simpleIsEqual: EqualityFn = (
       shallowEqual(newArg, lastArgs[index]),
   );
 
-// <ResultFn: (...any[]) => mixed>
-// The purpose of this typing is to ensure that the returned memoized
-// function has the same type as the provided function (`resultFn`).
-// ResultFn:        Generic type (which is the same as the resultFn).
-// (...any[]): Accepts any length of arguments - and they are not checked
-// mixed:           The result can be anything but needs to be checked before usage
-export default function<ResultFn: (...any[]) => mixed>(
-  resultFn: ResultFn,
+// Type TArgs (arguments type) and TRet (return type) as generics to ensure that the
+// returned function (`memoized`) has the same type as the provided function (`inputFn`).
+//
+// `mixed` means that the result can be anything but needs to be checked before usage.
+// As opposed to `any`, it does not compromise type-safety.
+// See https://flow.org/en/docs/types/mixed/ for more.
+export default function memoizeOne<TArgs: mixed[], TRet: mixed>(
+  inputFn: (...TArgs) => TRet,
   isEqual?: EqualityFn = simpleIsEqual,
-): ResultFn {
+): (...TArgs) => TRet {
   let lastThis: mixed;
-  let lastArgs: mixed[] = [];
-  let lastResult: mixed;
+  let lastArgs: ?TArgs;
+  let lastResult: TRet; // not ?TRet because TRet must include undefined | null
   let calledOnce: boolean = false;
 
   // breaking cache when context (this) or arguments change
-  const result = function(...newArgs: mixed[]) {
-    if (calledOnce && lastThis === this && isEqual(newArgs, lastArgs)) {
+  const memoized = function(...newArgs: TArgs): TRet {
+    if (calledOnce && lastThis === this && isEqual(newArgs, lastArgs || [])) {
       return lastResult;
     }
 
     // Throwing during an assignment aborts the assignment: https://codepen.io/alexreardon/pen/RYKoaz
     // Doing the lastResult assignment first so that if it throws
     // nothing will be overwritten
-    lastResult = resultFn.apply(this, newArgs);
+    lastResult = inputFn.apply(this, newArgs);
     calledOnce = true;
     lastThis = this;
     lastArgs = newArgs;
     return lastResult;
   };
 
-  return (result: any);
+  return memoized;
 }