| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $95M | $119M | $104M | -20.1% | -8.7% |
| Op. Income | $11M | $19M | $14M | -44.6% | -22.9% |
| Gross Margin | 41.8% | 41.1% | 38.0% | 0.8pp | 3.8pp |
| Net Margin | 9.3% | 12.3% | 11.3% | -3.0pp | -2.1pp |
| EPS (Diluted) | $0.26 | $0.43 | $0.35 | -39.5% | -25.7% |
| Free Cash Flow | -$297.0K | $6M | $4M | -105.0% | -107.7% |
| Item | Amount |
|---|---|
| REVENUE | $95M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $40M |
| R&D Expenses | $13M |
| Selling & Marketing | $8M |
| General & Administrative | $8M |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $29M |
| Cost & Expenses | $85M |
| OPERATING INCOME | $11M |
| Interest Income | $593.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $508.0K |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $1M |
| EBIT | $11M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $95M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $40M |
| R&D Expenses | $13M |
| Selling & Marketing | $8M |
| General & Administrative | $8M |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $29M |
| Cost & Expenses | $85M |
| OPERATING INCOME | $11M |
| Interest Income | $593.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $508.0K |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $1M |
| EBIT | $11M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $623.0K |
| Other Non-Cash Items | $487.0K |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $461.0K |
| NET CASH FROM FINANCING | $461.0K |
| FREE CASH FLOW | -$297.0K |
| Net Change in Cash | $651.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $149M |
| Short-Term Investments | $0 |
| Net Receivables | $85M |
| Inventory | $124M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $367M |
| PP&E (Net) | $38M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $76M |
| Other Non-Current Assets | $38M |
| TOTAL NON-CURRENT ASSETS | $152M |
| TOTAL ASSETS | $519M |
| Account Payables | $28M |
| Short-Term Debt | $0 |
| Deferred Revenue | $14M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $66M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $56M |
| TOTAL LIABILITIES | $122M |
| Common Stock | $32.0K |
| Additional Paid-In Capital | $562M |
| Retained Earnings | -$166M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $682.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $397M |
| Minority Interest | $0 |
| TOTAL EQUITY | $397M |
| TOTAL LIABILITIES & EQUITY | $519M |
| Total Debt | $48M |
| Net Debt | -$101M |
