| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $57M | $58M | $63M | -1.3% | -9.6% |
| Op. Income | $4M | $3M | -$4M | 17.8% | 185.6% |
| Gross Margin | 96.3% | 95.6% | 95.6% | 0.7pp | 0.6pp |
| Net Margin | -23.8% | -24.7% | -33.3% | 0.9pp | 9.5pp |
| EPS (Diluted) | $-12.60 | $-13.35 | $-19.80 | 5.6% | 36.4% |
| Free Cash Flow | $21M | $27M | $12M | -23.1% | 71.8% |
| Item | Amount |
|---|---|
| REVENUE | $57M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $55M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | -$1M |
| Operating Expenses | $51M |
| Cost & Expenses | $54M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $26M |
| EBIT | $2M |
| EBITDA | $28M |
| EPS | -$13 |
| EPS Diluted | -$13 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$157.0K |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$661.0K |
| OPERATING CASH FLOW | $22M |
| Capital Expenditure | -$608.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $750.0K |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$52M |
| Common Stock Repurchased | -$293.0K |
| Common Dividends Paid | -$293.0K |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$55M |
| FREE CASH FLOW | $21M |
| Net Change in Cash | -$41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $68M |
| Short-Term Investments | $7M |
| Net Receivables | $34M |
| Inventory | $3M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $139M |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $641M |
| Long-Term Investments | $9M |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $674M |
| TOTAL ASSETS | $813M |
| Account Payables | $2M |
| Short-Term Debt | $80M |
| Deferred Revenue | $93M |
| Other Current Liabilities | $478.0K |
| TOTAL CURRENT LIABILITIES | $177M |
| Long-Term Debt | $415M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $438M |
| TOTAL LIABILITIES | $615M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $408M |
| Retained Earnings | -$211M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $197M |
| Minority Interest | $0 |
| TOTAL EQUITY | $197M |
| TOTAL LIABILITIES & EQUITY | $813M |
| Total Debt | $495M |
| Net Debt | $427M |
