| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $43M | $2M | $3M | 2111.2% | 1349.5% |
| Op. Income | $23M | -$19M | -$15M | 221.7% | 247.7% |
| Gross Margin | 65.6% | -740.5% | -400.9% | 806.1pp | 466.6pp |
| Net Margin | 54.5% | -1118.4% | -586.4% | 1172.9pp | 640.9pp |
| EPS (Diluted) | $0.32 | $-0.31 | $-0.27 | 204.2% | 219.0% |
| Free Cash Flow | $21M | -$20M | -$15M | 207.7% | 238.2% |
| Item | Amount |
|---|---|
| REVENUE | $43M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $28M |
| R&D Expenses | $15M |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $20M |
| Cost & Expenses | $20M |
| OPERATING INCOME | $23M |
| Interest Income | $94.3K |
| Interest Expense | $111.0K |
| Other Income/Expenses | $300.4K |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $550.0K |
| EBIT | $23M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $43M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $28M |
| R&D Expenses | $15M |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $20M |
| Cost & Expenses | $20M |
| OPERATING INCOME | $23M |
| Interest Income | $94.3K |
| Interest Expense | $111.0K |
| Other Income/Expenses | $300.4K |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $550.0K |
| EBIT | $23M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $23M |
| Depreciation & Amortization | $550.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $205.0K |
| Other Non-Cash Items | -$309.4K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $22M |
| Capital Expenditure | -$581.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | -$134.9K |
| Common Stock Repurchased | -$2.5K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$137.5K |
| FREE CASH FLOW | $21M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $270M |
| Short-Term Investments | $115M |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $394M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $387.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $401M |
| Account Payables | $0 |
| Short-Term Debt | $425.2K |
| Deferred Revenue | $6M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $378.1K |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $29M |
| Common Stock | $2M |
| Additional Paid-In Capital | $441M |
| Retained Earnings | -$71M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $372M |
| Minority Interest | $0 |
| TOTAL EQUITY | $372M |
| TOTAL LIABILITIES & EQUITY | $401M |
| Total Debt | $3M |
| Net Debt | -$267M |
