| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $43M | — | $26M | — | 62.4% |
| Op. Income | -$16M | — | -$14M | — | -10.8% |
| Gross Margin | -2.6% | — | -9.6% | — | 7.0pp |
| Net Margin | -37.5% | — | -54.8% | — | 17.3pp |
| EPS (Diluted) | $-1.16 | — | $-1.03 | — | -12.6% |
| Free Cash Flow | -$12M | — | -$23M | — | 45.3% |
| Item | Amount |
|---|---|
| REVENUE | $43M |
| Cost of Revenue | $44M |
| GROSS PROFIT | -$1M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $6M |
| SG&A Expenses | $9M |
| Other Expenses | $5M |
| Operating Expenses | $15M |
| Cost & Expenses | $59M |
| OPERATING INCOME | -$16M |
| Interest Income | $42M |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $121.0K |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $234.0K |
| EBIT | -$16M |
| EBITDA | -$16M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $234.0K |
| Stock-Based Compensation | $251.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$50.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$151M |
| Sales/Maturities of Investments | $546.0K |
| Other Investing Activities | $119M |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | $24M |
| Common Stock Repurchased | -$676.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $32.0K |
| NET CASH FROM FINANCING | $24M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $0 |
| Net Receivables | $284.0K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $46M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $382M |
| Tax Assets | $0 |
| Other Non-Current Assets | $30M |
| TOTAL NON-CURRENT ASSETS | $415M |
| TOTAL ASSETS | $461M |
| Account Payables | $107M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $107M |
| Long-Term Debt | $401M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $401M |
| TOTAL LIABILITIES | $509M |
| Common Stock | $0 |
| Additional Paid-In Capital | $213M |
| Retained Earnings | -$262M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$47M |
| Minority Interest | -$276.0K |
| TOTAL EQUITY | -$48M |
| TOTAL LIABILITIES & EQUITY | $461M |
| Total Debt | $401M |
| Net Debt | $372M |
