| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $40M | $11M | -62.4% | 33.8% |
| Op. Income | -$99M | -$73M | -$79M | -35.9% | -25.5% |
| Gross Margin | 95.4% | -114.6% | -542.0% | 210.0pp | 637.4pp |
| Net Margin | -622.9% | -170.1% | -679.1% | -452.8pp | 56.3pp |
| EPS (Diluted) | $-1.63 | $-1.19 | $-1.59 | -37.0% | -2.5% |
| Free Cash Flow | -$67M | -$69M | -$80M | 2.6% | 16.0% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $695.0K |
| GROSS PROFIT | $15M |
| R&D Expenses | $83M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $114M |
| Cost & Expenses | $114M |
| OPERATING INCOME | -$99M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$95M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$95M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$95M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$95M |
| D&A | $2M |
| EBIT | -$99M |
| EBITDA | -$97M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$95M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$64M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$163M |
| Sales/Maturities of Investments | $169M |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$67M |
| Net Change in Cash | -$54M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $156M |
| Short-Term Investments | $513M |
| Net Receivables | $8M |
| Inventory | $863.0K |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $696M |
| PP&E (Net) | $25M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $209M |
| Tax Assets | $0 |
| Other Non-Current Assets | $416.0K |
| TOTAL NON-CURRENT ASSETS | $234M |
| TOTAL ASSETS | $929M |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $42M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $85M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $66M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $84M |
| TOTAL LIABILITIES | $169M |
| Common Stock | $58.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $760M |
| Minority Interest | $0 |
| TOTAL EQUITY | $760M |
| TOTAL LIABILITIES & EQUITY | $929M |
| Total Debt | $0 |
| Net Debt | -$156M |
