| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $295M | — | $409M | — | -27.8% |
| Op. Income | -$45M | — | -$105M | — | 56.9% |
| Gross Margin | 3.5% | — | 11.6% | — | -8.0pp |
| Net Margin | -35.8% | — | -28.0% | — | -7.9pp |
| EPS (Diluted) | $-5.76 | — | $-12.35 | — | 53.4% |
| Free Cash Flow | -$64M | — | -$72M | — | 11.8% |
| Item | Amount |
|---|---|
| REVENUE | $295M |
| Cost of Revenue | $285M |
| GROSS PROFIT | $10M |
| R&D Expenses | $452.0K |
| Selling & Marketing | $0 |
| General & Administrative | $52M |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $53M |
| Cost & Expenses | $337M |
| OPERATING INCOME | -$45M |
| Interest Income | $172.0K |
| Interest Expense | $10M |
| Other Income/Expenses | $35M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $94M |
| Net Income from Continuing Ops | -$104M |
| Net Income from Discontinued Ops | -$1M |
| Other Adjustments | $0 |
| NET INCOME | -$106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$106M |
| D&A | $8M |
| EBIT | -$6M |
| EBITDA | $8M |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$106M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $972.0K |
| Deferred Income Tax | $99M |
| Other Non-Cash Items | -$42M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | -$63M |
| Capital Expenditure | -$669.0K |
| Acquisitions (Net) | $47M |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | -$568.0K |
| NET CASH FROM INVESTING | $43M |
| Net Debt Issuance | $14M |
| Common Stock Repurchased | -$20.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | -$64M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32M |
| Short-Term Investments | $0 |
| Net Receivables | $348M |
| Inventory | $65M |
| Other Current Assets | $205M |
| TOTAL CURRENT ASSETS | $650M |
| PP&E (Net) | $97M |
| Goodwill | $47M |
| Intangible Assets | $35M |
| Long-Term Investments | $735.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $139M |
| TOTAL NON-CURRENT ASSETS | $319M |
| TOTAL ASSETS | $969M |
| Account Payables | $195M |
| Short-Term Debt | $3M |
| Deferred Revenue | $128M |
| Other Current Liabilities | $192M |
| TOTAL CURRENT LIABILITIES | $543M |
| Long-Term Debt | $211M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $262M |
| TOTAL NON-CURRENT LIABILITIES | $473M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$985M |
| Treasury Stock | -$106M |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$56M |
| Minority Interest | $9M |
| TOTAL EQUITY | -$47M |
| TOTAL LIABILITIES & EQUITY | $969M |
| Total Debt | $214M |
| Net Debt | $182M |
