| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $4M | $4M | 12.6% | 27.6% |
| Op. Income | -$29M | -$26M | -$26M | -10.4% | -9.0% |
| Gross Margin | -365.4% | -413.7% | -468.9% | 48.3pp | 103.5pp |
| Net Margin | -568.3% | -590.8% | -700.4% | 22.5pp | 132.1pp |
| EPS (Diluted) | $-7.70 | $-9.60 | $-10.20 | 19.8% | 24.5% |
| Free Cash Flow | -$21M | -$19M | -$17M | -10.5% | -21.3% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $22M |
| GROSS PROFIT | -$17M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | -$21M |
| Operating Expenses | $11M |
| Cost & Expenses | $33M |
| OPERATING INCOME | -$29M |
| Interest Income | $859.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | $741.0K |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $117.0K |
| EBIT | -$27M |
| EBITDA | -$26M |
| EPS | -$8 |
| EPS Diluted | -$8 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $117.0K |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$764.0K |
| Other Non-Cash Items | $878.0K |
| Change in Working Capital | -$184.0K |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$15.0K |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$132M |
| Sales/Maturities of Investments | $37M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$95M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $137M |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $47M |
| Short-Term Investments | $227M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $283M |
| PP&E (Net) | $14M |
| Goodwill | $13M |
| Intangible Assets | $29M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $57M |
| TOTAL ASSETS | $340M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $31M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $42M |
| TOTAL LIABILITIES | $67M |
| Common Stock | $32.0K |
| Additional Paid-In Capital | $713M |
| Retained Earnings | -$439M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$201.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $273M |
| Minority Interest | $0 |
| TOTAL EQUITY | $273M |
| TOTAL LIABILITIES & EQUITY | $340M |
| Total Debt | $12M |
| Net Debt | -$34M |
