| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $26M | $30M | 36.2% | 18.1% |
| Op. Income | -$106M | -$109M | -$96M | 2.9% | -9.9% |
| Gross Margin | 99.2% | 98.5% | 97.7% | 0.7pp | 1.5pp |
| Net Margin | -288.8% | -408.0% | -305.8% | 119.2pp | 17.0pp |
| EPS (Diluted) | $-1.60 | $-1.81 | $-1.58 | 11.6% | -1.3% |
| Free Cash Flow | -$100M | -$88M | -$75M | -14.6% | -33.5% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $287.0K |
| GROSS PROFIT | $35M |
| R&D Expenses | $106M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $0 |
| Operating Expenses | $141M |
| Cost & Expenses | $141M |
| OPERATING INCOME | -$106M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$102M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$102M |
| D&A | $2M |
| EBIT | -$106M |
| EBITDA | -$104M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$102M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | -$94M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$294M |
| Sales/Maturities of Investments | $116M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$185M |
| Net Debt Issuance | -$113.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $278M |
| FREE CASH FLOW | -$100M |
| Net Change in Cash | -$778.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $81M |
| Short-Term Investments | $484M |
| Net Receivables | $15M |
| Inventory | $7M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $612M |
| PP&E (Net) | $126M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $153M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $279M |
| TOTAL ASSETS | $891M |
| Account Payables | $22M |
| Short-Term Debt | $0 |
| Deferred Revenue | $11M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $93M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $51M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $157M |
| TOTAL LIABILITIES | $250M |
| Common Stock | $68.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $202.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $641M |
| Minority Interest | $0 |
| TOTAL EQUITY | $641M |
| TOTAL LIABILITIES & EQUITY | $891M |
| Total Debt | $114M |
| Net Debt | $33M |
