| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26M | $26M | $15M | -0.8% | 71.2% |
| Op. Income | -$109M | -$114M | -$99M | 4.2% | -10.0% |
| Gross Margin | 98.5% | 98.8% | 95.4% | -0.4pp | 3.1pp |
| Net Margin | -408.0% | -419.0% | -622.9% | 11.0pp | 214.9pp |
| EPS (Diluted) | $-1.81 | $-1.87 | $-1.63 | 3.2% | -11.0% |
| Free Cash Flow | -$88M | -$89M | -$67M | 2.0% | -30.8% |
| Item | Amount |
|---|---|
| REVENUE | $26M |
| Cost of Revenue | $393.0K |
| GROSS PROFIT | $26M |
| R&D Expenses | $102M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $33M |
| Other Expenses | $0 |
| Operating Expenses | $135M |
| Cost & Expenses | $135M |
| OPERATING INCOME | -$109M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$106M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$106M |
| D&A | $2M |
| EBIT | -$106M |
| EBITDA | -$104M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$106M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$287.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$86M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$51M |
| Sales/Maturities of Investments | $133M |
| Other Investing Activities | $82M |
| NET CASH FROM INVESTING | $80M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$88M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $82M |
| Short-Term Investments | $370M |
| Net Receivables | $12M |
| Inventory | $6M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $490M |
| PP&E (Net) | $120M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $89M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $208M |
| TOTAL ASSETS | $699M |
| Account Payables | $22M |
| Short-Term Debt | $7M |
| Deferred Revenue | $17M |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $92M |
| Long-Term Debt | $108M |
| Deferred Revenue NC | $50M |
| Deferred Tax Liabilities | -$50M |
| Other Non-Current Liabilities | -$108M |
| TOTAL NON-CURRENT LIABILITIES | $158M |
| TOTAL LIABILITIES | $250M |
| Common Stock | $59.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $464.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $448M |
| Minority Interest | $0 |
| TOTAL EQUITY | $448M |
| TOTAL LIABILITIES & EQUITY | $699M |
| Total Debt | $115M |
| Net Debt | $34M |
