| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22M | $13M | $12M | 74.8% | 91.4% |
| Op. Income | -$16M | -$20M | -$13M | 19.7% | -21.0% |
| Gross Margin | 74.1% | 60.6% | 56.4% | 13.5pp | 17.7pp |
| Net Margin | -70.7% | -145.2% | -108.0% | 74.4pp | 37.3pp |
| EPS (Diluted) | $-0.13 | $-0.15 | $-0.12 | 13.3% | -8.3% |
| Free Cash Flow | -$17M | $274M | -$10M | -106.4% | -73.4% |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $16M |
| R&D Expenses | $17M |
| Selling & Marketing | $9M |
| General & Administrative | $7M |
| SG&A Expenses | $16M |
| Other Expenses | $423.0K |
| Operating Expenses | $33M |
| Cost & Expenses | $38M |
| OPERATING INCOME | -$16M |
| Interest Income | $446.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $446.0K |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $2M |
| EBIT | -$16M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $892.0K |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$88M |
| Sales/Maturities of Investments | $44M |
| Other Investing Activities | -$44M |
| NET CASH FROM INVESTING | -$45M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $48M |
| Short-Term Investments | $375M |
| Net Receivables | $7M |
| Inventory | $8M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $442M |
| PP&E (Net) | $22M |
| Goodwill | $119M |
| Intangible Assets | $13M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $159M |
| TOTAL ASSETS | $601M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $61M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $75M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $241M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $570M |
| TOTAL NON-CURRENT LIABILITIES | $811M |
| TOTAL LIABILITIES | $886M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $46M |
| Retained Earnings | -$331M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $382.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$284M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$284M |
| TOTAL LIABILITIES & EQUITY | $601M |
| Total Debt | $0 |
| Net Debt | -$48M |
