| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $232M | $223M | $311M | 4.0% | -25.5% |
| Op. Income | -$32M | -$138M | -$103M | 76.8% | 68.9% |
| Gross Margin | 13.3% | -33.6% | -3.4% | 46.9pp | 16.7pp |
| Net Margin | -21.5% | -104.7% | -38.7% | 83.2pp | 17.2pp |
| EPS (Diluted) | $-2.71 | $-13.83 | $-13.59 | 80.4% | 80.1% |
| Free Cash Flow | -$38M | -$69M | -$88M | 44.8% | 56.9% |
| Item | Amount |
|---|---|
| REVENUE | $232M |
| Cost of Revenue | $201M |
| GROSS PROFIT | $31M |
| R&D Expenses | $743.0K |
| Selling & Marketing | $0 |
| General & Administrative | $56M |
| SG&A Expenses | $56M |
| Other Expenses | $0 |
| Operating Expenses | $57M |
| Cost & Expenses | $258M |
| OPERATING INCOME | -$32M |
| Interest Income | $559.0K |
| Interest Expense | $11M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$49M |
| Income Tax Expense | $626.0K |
| Net Income from Continuing Ops | -$50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$50M |
| D&A | $9M |
| EBIT | -$38M |
| EBITDA | -$29M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$50M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $404.0K |
| Deferred Income Tax | -$175.0K |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$38M |
| Capital Expenditure | -$288.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $957.0K |
| Other Investing Activities | $95.0K |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $40M |
| Common Stock Repurchased | -$22.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | $33M |
| FREE CASH FLOW | -$38M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $44M |
| Short-Term Investments | $0 |
| Net Receivables | $397M |
| Inventory | $64M |
| Other Current Assets | $53M |
| TOTAL CURRENT ASSETS | $557M |
| PP&E (Net) | $100M |
| Goodwill | $47M |
| Intangible Assets | $29M |
| Long-Term Investments | $21M |
| Tax Assets | -$21M |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $208M |
| TOTAL ASSETS | $765M |
| Account Payables | $203M |
| Short-Term Debt | $218M |
| Deferred Revenue | $155M |
| Other Current Liabilities | $162M |
| TOTAL CURRENT LIABILITIES | $766M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $307M |
| TOTAL NON-CURRENT LIABILITIES | $317M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$1.3B |
| Treasury Stock | -$106M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$327M |
| Minority Interest | $9M |
| TOTAL EQUITY | -$318M |
| TOTAL LIABILITIES & EQUITY | $765M |
| Total Debt | $233M |
| Net Debt | $189M |
