| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $3M | $2M | -47.1% | -3.6% |
| Op. Income | -$13M | -$91M | -$17M | 85.7% | 22.9% |
| Gross Margin | -667.5% | -479.3% | -559.3% | -188.2pp | -108.2pp |
| Net Margin | -1523.7% | -2695.3% | -1087.5% | 1171.6pp | -436.2pp |
| EPS (Diluted) | $-0.36 | $-1.45 | $-0.33 | 75.2% | -9.1% |
| Free Cash Flow | -$13M | -$24M | -$17M | 43.5% | 22.5% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $12M |
| GROSS PROFIT | -$11M |
| R&D Expenses | $56M |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | -$56M |
| Operating Expenses | $2M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$13M |
| Interest Income | $402.0K |
| Interest Expense | $994.0K |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $1 |
| BOTTOM LINE NET INCOME | -$28M |
| D&A | $507.0K |
| EBIT | -$13M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $507.0K |
| Stock-Based Compensation | -$23.0K |
| Deferred Income Tax | $11M |
| Other Non-Cash Items | $264.0K |
| Change in Working Capital | -$229.0K |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$63.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$275.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$58M |
| NET CASH FROM INVESTING | -$59M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$11M |
| Other Financing Activities | $11M |
| NET CASH FROM FINANCING | $14M |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32M |
| Short-Term Investments | $59M |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $94M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $293.0K |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $106M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $253.0K |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $19M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $25M |
| TOTAL LIABILITIES | $33M |
| Common Stock | $899M |
| Additional Paid-In Capital | $55M |
| Retained Earnings | -$970M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$48M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $73M |
| Minority Interest | $0 |
| TOTAL EQUITY | $73M |
| TOTAL LIABILITIES & EQUITY | $106M |
| Total Debt | $3M |
| Net Debt | -$28M |
