| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $7M | $7M | -61.0% | -58.5% |
| Op. Income | -$34M | -$27M | -$17M | -25.8% | -103.1% |
| Gross Margin | -957.8% | -270.7% | -213.6% | -687.1pp | -744.2pp |
| Net Margin | -1177.2% | -355.1% | -235.5% | -822.2pp | -941.7pp |
| EPS (Diluted) | $-0.47 | $-0.36 | $-0.30 | -30.6% | -56.7% |
| Free Cash Flow | -$31M | -$27M | -$23M | -13.7% | -38.4% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $29M |
| GROSS PROFIT | -$26M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $2M |
| Operating Expenses | $37M |
| Cost & Expenses | $37M |
| OPERATING INCOME | -$34M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$32M |
| Income Tax Expense | -$293.0K |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $2M |
| EBIT | -$34M |
| EBITDA | -$33M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$29M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$72M |
| Sales/Maturities of Investments | $120M |
| Other Investing Activities | $48M |
| NET CASH FROM INVESTING | $46M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $720.0K |
| NET CASH FROM FINANCING | $720.0K |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $87M |
| Short-Term Investments | $294M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $385M |
| PP&E (Net) | $63M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $64M |
| TOTAL ASSETS | $450M |
| Account Payables | $258.0K |
| Short-Term Debt | $6M |
| Deferred Revenue | $30M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $59M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $130M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $409.0K |
| TOTAL NON-CURRENT LIABILITIES | $172M |
| TOTAL LIABILITIES | $231M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $408M |
| Retained Earnings | -$189M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $226.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $219M |
| Minority Interest | $0 |
| TOTAL EQUITY | $219M |
| TOTAL LIABILITIES & EQUITY | $450M |
| Total Debt | $48M |
| Net Debt | -$39M |
