| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26M | $30M | $40M | -13.3% | -35.1% |
| Op. Income | -$114M | -$97M | -$73M | -16.8% | -56.1% |
| Gross Margin | 98.8% | 98.9% | -114.6% | -0.1pp | 213.4pp |
| Net Margin | -419.0% | -307.9% | -170.1% | -111.1pp | -248.9pp |
| EPS (Diluted) | $-1.87 | $-1.59 | $-1.19 | -17.6% | -57.1% |
| Free Cash Flow | -$89M | -$105M | -$69M | 15.1% | -30.1% |
| Item | Amount |
|---|---|
| REVENUE | $26M |
| Cost of Revenue | $303.0K |
| GROSS PROFIT | $26M |
| R&D Expenses | $107M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $140M |
| Cost & Expenses | $140M |
| OPERATING INCOME | -$114M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$110M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$110M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$110M |
| D&A | $2M |
| EBIT | -$110M |
| EBITDA | -$108M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$110M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$888.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$99.0K |
| OPERATING CASH FLOW | -$88M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$67M |
| Sales/Maturities of Investments | $133M |
| Other Investing Activities | $66M |
| NET CASH FROM INVESTING | $64M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$89M |
| Net Change in Cash | -$20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $84M |
| Short-Term Investments | $412M |
| Net Receivables | $15M |
| Inventory | $5M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $534M |
| PP&E (Net) | $122M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $129M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $250M |
| TOTAL ASSETS | $784M |
| Account Payables | $15M |
| Short-Term Debt | $6M |
| Deferred Revenue | $18M |
| Other Current Liabilities | $32M |
| TOTAL CURRENT LIABILITIES | $90M |
| Long-Term Debt | $110M |
| Deferred Revenue NC | $52M |
| Deferred Tax Liabilities | -$52M |
| Other Non-Current Liabilities | -$110M |
| TOTAL NON-CURRENT LIABILITIES | $162M |
| TOTAL LIABILITIES | $251M |
| Common Stock | $59.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $490.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $533M |
| Minority Interest | $0 |
| TOTAL EQUITY | $533M |
| TOTAL LIABILITIES & EQUITY | $784M |
| Total Debt | $116M |
| Net Debt | $33M |
