| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | $30M | $9M | 0.7% | 245.0% |
| Op. Income | -$97M | -$96M | -$94M | -1.2% | -3.7% |
| Gross Margin | 98.9% | 97.7% | -792.8% | 1.2pp | 891.7pp |
| Net Margin | -307.9% | -305.8% | -1036.6% | -2.1pp | 728.6pp |
| EPS (Diluted) | $-1.59 | $-1.58 | $-1.63 | -0.6% | 2.5% |
| Free Cash Flow | -$105M | -$75M | -$100M | -40.0% | -4.9% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $334.0K |
| GROSS PROFIT | $30M |
| R&D Expenses | $96M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $127M |
| Cost & Expenses | $128M |
| OPERATING INCOME | -$97M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$93M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$93M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$93M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$93M |
| D&A | $2M |
| EBIT | -$97M |
| EBITDA | -$95M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$93M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | -$103M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$77M |
| Sales/Maturities of Investments | $211M |
| Other Investing Activities | $133M |
| NET CASH FROM INVESTING | $131M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$105M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $103M |
| Short-Term Investments | $421M |
| Net Receivables | $11M |
| Inventory | $2M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $557M |
| PP&E (Net) | $82M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $183M |
| Tax Assets | $0 |
| Other Non-Current Assets | $60.0K |
| TOTAL NON-CURRENT ASSETS | $265M |
| TOTAL ASSETS | $822M |
| Account Payables | $12M |
| Short-Term Debt | $9M |
| Deferred Revenue | $22M |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $81M |
| Long-Term Debt | $66M |
| Deferred Revenue NC | $55M |
| Deferred Tax Liabilities | -$55M |
| Other Non-Current Liabilities | -$66M |
| TOTAL NON-CURRENT LIABILITIES | $121M |
| TOTAL LIABILITIES | $202M |
| Common Stock | $59.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$484.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $620M |
| Minority Interest | $0 |
| TOTAL EQUITY | $620M |
| TOTAL LIABILITIES & EQUITY | $822M |
| Total Debt | $75M |
| Net Debt | -$28M |
