| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | $15M | $10M | 97.5% | 206.3% |
| Op. Income | -$96M | -$99M | -$90M | 2.8% | -6.9% |
| Gross Margin | 97.7% | 95.4% | -688.0% | 2.2pp | 785.7pp |
| Net Margin | -305.8% | -622.9% | -901.0% | 317.0pp | 595.1pp |
| EPS (Diluted) | $-1.58 | $-1.63 | $-1.81 | 3.1% | 12.7% |
| Free Cash Flow | -$75M | -$67M | -$76M | -12.3% | 0.7% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $702.0K |
| GROSS PROFIT | $29M |
| R&D Expenses | $94M |
| Selling & Marketing | -$19M |
| General & Administrative | $51M |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $126M |
| Cost & Expenses | $126M |
| OPERATING INCOME | -$96M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$92M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$92M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$92M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$92M |
| D&A | $2M |
| EBIT | -$96M |
| EBITDA | -$94M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$92M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$74M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$178M |
| Sales/Maturities of Investments | $166M |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$75M |
| Net Change in Cash | -$86M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $805M |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $869.0K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $614M |
| PP&E (Net) | $24M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $220M |
| Tax Assets | $0 |
| Other Non-Current Assets | $238.0K |
| TOTAL NON-CURRENT ASSETS | $245M |
| TOTAL ASSETS | $858M |
| Account Payables | $18M |
| Short-Term Debt | $0 |
| Deferred Revenue | $93M |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $94M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $60M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $77M |
| TOTAL LIABILITIES | $171M |
| Common Stock | $58.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $688M |
| Minority Interest | $0 |
| TOTAL EQUITY | $688M |
| TOTAL LIABILITIES & EQUITY | $858M |
| Total Debt | $0 |
| Net Debt | -$805M |
