| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $43M | — | $94M | — | -54.9% |
| Op. Income | -$13M | — | -$33M | — | 60.0% |
| Gross Margin | 98.3% | — | 81.2% | — | 17.1pp |
| Net Margin | -56.7% | — | -35.1% | — | -21.6pp |
| EPS (Diluted) | $-22.65 | — | $-31.50 | — | 28.1% |
| Free Cash Flow | $14M | — | $27M | — | -47.6% |
| Item | Amount |
|---|---|
| REVENUE | $43M |
| Cost of Revenue | $704.0K |
| GROSS PROFIT | $42M |
| R&D Expenses | $2M |
| Selling & Marketing | $800.0K |
| General & Administrative | $25M |
| SG&A Expenses | $25M |
| Other Expenses | $25M |
| Operating Expenses | $53M |
| Cost & Expenses | $54M |
| OPERATING INCOME | -$13M |
| Interest Income | $224.0K |
| Interest Expense | $17M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | -$24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $25M |
| EBIT | -$13M |
| EBITDA | $13M |
| EPS | -$23 |
| EPS Diluted | -$23 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $364.0K |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | -$365.0K |
| Common Dividends Paid | -$365.0K |
| Other Financing Activities | $365.0K |
| NET CASH FROM FINANCING | -$25M |
| FREE CASH FLOW | $14M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $111M |
| Short-Term Investments | $0 |
| Net Receivables | $37M |
| Inventory | $3M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $216M |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $692M |
| Long-Term Investments | $12M |
| Tax Assets | -$8M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $717M |
| TOTAL ASSETS | $933M |
| Account Payables | $6M |
| Short-Term Debt | $120M |
| Deferred Revenue | -$2M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $125M |
| Long-Term Debt | $446M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $20M |
| TOTAL NON-CURRENT LIABILITIES | $588M |
| TOTAL LIABILITIES | $713M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $403M |
| Retained Earnings | -$183M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $220M |
| Minority Interest | $0 |
| TOTAL EQUITY | $220M |
| TOTAL LIABILITIES & EQUITY | $933M |
| Total Debt | $566M |
| Net Debt | $455M |
