| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $3M | $12M | 11.8% | -76.2% |
| Op. Income | -$76M | -$63M | -$42M | -20.1% | -80.9% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -3205.5% | -1119.6% | -304.1% | -2085.9pp | -2901.4pp |
| EPS (Diluted) | $-1.95 | $-0.62 | $-0.87 | -215.1% | -125.7% |
| Free Cash Flow | -$59M | -$72M | -$43M | 17.7% | -37.5% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $3M |
| R&D Expenses | $59M |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $0 |
| Operating Expenses | $79M |
| Cost & Expenses | $79M |
| OPERATING INCOME | -$76M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | -$94M |
| Income Tax Expense | -$44.4K |
| Net Income from Continuing Ops | -$94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$94M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$94M |
| D&A | $2M |
| EBIT | -$94M |
| EBITDA | -$91M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$94M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$44.4K |
| Other Non-Cash Items | $19M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$58M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$59M |
| Net Change in Cash | -$71M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $699M |
| Short-Term Investments | $0 |
| Net Receivables | $940.0K |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $715M |
| PP&E (Net) | $53M |
| Goodwill | $4M |
| Intangible Assets | $0 |
| Long-Term Investments | $18M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $77M |
| TOTAL ASSETS | $791M |
| Account Payables | $32M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $56M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $37M |
| TOTAL LIABILITIES | $93M |
| Common Stock | $8M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$715M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $93M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $698M |
| Minority Interest | $0 |
| TOTAL EQUITY | $698M |
| TOTAL LIABILITIES & EQUITY | $791M |
| Total Debt | $43M |
| Net Debt | -$656M |
