| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $2M | $1M | -16.0% | -8.3% |
| Op. Income | -$707.2K | -$485.9K | -$322.8K | -45.5% | -119.1% |
| Gross Margin | 29.0% | 27.2% | 33.8% | 1.8pp | -4.8pp |
| Net Margin | -53.8% | -31.8% | -23.4% | -22.0pp | -30.4pp |
| EPS (Diluted) | $-0.07 | $-0.05 | $-0.04 | -38.1% | -93.1% |
| Free Cash Flow | -$290.8K | -$268.8K | -$510.2K | -8.2% | 43.0% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $895.2K |
| GROSS PROFIT | $365.9K |
| R&D Expenses | $497.1K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $576.1K |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$707.2K |
| Interest Income | $28.5K |
| Interest Expense | $0 |
| Other Income/Expenses | $28.5K |
| INCOME BEFORE TAX | -$678.7K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$678.7K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$678.7K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$678.7K |
| D&A | $39.1K |
| EBIT | -$707.2K |
| EBITDA | -$668.1K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$678.7K |
| Depreciation & Amortization | $39.1K |
| Stock-Based Compensation | $137.4K |
| Deferred Income Tax | -$29.2K |
| Other Non-Cash Items | $1.0K |
| Change in Working Capital | $273.8K |
| OPERATING CASH FLOW | -$256.6K |
| Capital Expenditure | -$34.2K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$34.2K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $10.5K |
| NET CASH FROM FINANCING | $85.4K |
| FREE CASH FLOW | -$290.8K |
| Net Change in Cash | -$207.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $917.9K |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $2M |
| Other Current Assets | $253.6K |
| TOTAL CURRENT ASSETS | $4M |
| PP&E (Net) | $346.0K |
| Goodwill | $0 |
| Intangible Assets | $95.2K |
| Long-Term Investments | $165.3K |
| Tax Assets | $10.0K |
| Other Non-Current Assets | $122.1K |
| TOTAL NON-CURRENT ASSETS | $738.6K |
| TOTAL ASSETS | $5M |
| Account Payables | $853.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $36.7K |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $1M |
| Common Stock | $746.7K |
| Additional Paid-In Capital | $22M |
| Retained Earnings | -$19M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$33.5K |
| Other Equity | -$6.4K |
| TOTAL STOCKHOLDERS' EQUITY | $4M |
| Minority Interest | $0 |
| TOTAL EQUITY | $4M |
| TOTAL LIABILITIES & EQUITY | $5M |
| Total Debt | $0 |
| Net Debt | -$917.9K |
