| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $40M | $9M | $11M | 361.2% | 256.2% |
| Op. Income | -$73M | -$94M | -$85M | 22.4% | 13.8% |
| Gross Margin | -114.6% | -792.8% | -603.5% | 678.2pp | 488.9pp |
| Net Margin | -170.1% | -1036.6% | -732.3% | 866.5pp | 562.2pp |
| EPS (Diluted) | $-1.19 | $-1.63 | $-1.78 | 27.0% | 33.1% |
| Free Cash Flow | -$69M | -$100M | -$60M | 31.5% | -14.5% |
| Item | Amount |
|---|---|
| REVENUE | $40M |
| Cost of Revenue | $87M |
| GROSS PROFIT | -$46M |
| R&D Expenses | $87M |
| Selling & Marketing | $0 |
| General & Administrative | $27M |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $113M |
| Cost & Expenses | $113M |
| OPERATING INCOME | -$73M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$69M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$69M |
| D&A | $2M |
| EBIT | -$73M |
| EBITDA | -$71M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$69M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$905.0K |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | -$67M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$262M |
| Sales/Maturities of Investments | $167M |
| Other Investing Activities | -$95M |
| NET CASH FROM INVESTING | -$96M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | -$69M |
| Net Change in Cash | -$154M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $210M |
| Short-Term Investments | $507M |
| Net Receivables | $21M |
| Inventory | $0 |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $754M |
| PP&E (Net) | $24M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $220M |
| Tax Assets | $0 |
| Other Non-Current Assets | $595.0K |
| TOTAL NON-CURRENT ASSETS | $244M |
| TOTAL ASSETS | $998M |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $41M |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $85M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $72M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $90M |
| TOTAL LIABILITIES | $175M |
| Common Stock | $58.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$918M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $823M |
| Minority Interest | $0 |
| TOTAL EQUITY | $823M |
| TOTAL LIABILITIES & EQUITY | $998M |
| Total Debt | $0 |
| Net Debt | -$210M |
