| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $199M | $248M | $295M | -19.9% | -32.7% |
| Op. Income | -$3M | -$4M | -$45M | 25.4% | 93.0% |
| Gross Margin | 20.3% | 17.8% | 3.5% | 2.5pp | 16.8pp |
| Net Margin | -28.7% | -11.1% | -35.8% | -17.5pp | 7.2pp |
| EPS (Diluted) | $-1.39 | $-1.50 | $-5.76 | 7.3% | 75.9% |
| Free Cash Flow | -$9M | -$155M | -$64M | 94.0% | 85.3% |
| Item | Amount |
|---|---|
| REVENUE | $199M |
| Cost of Revenue | $158M |
| GROSS PROFIT | $40M |
| R&D Expenses | $828.0K |
| Selling & Marketing | $0 |
| General & Administrative | $40M |
| SG&A Expenses | $40M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $200M |
| OPERATING INCOME | -$3M |
| Interest Income | $112.0K |
| Interest Expense | $29M |
| Other Income/Expenses | -$53M |
| INCOME BEFORE TAX | -$56M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$57M |
| D&A | $2M |
| EBIT | -$26M |
| EBITDA | -$24M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$57M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $54.0K |
| Other Non-Cash Items | $22M |
| Change in Working Capital | $23M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $718.0K |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $80.0K |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | $117M |
| Common Stock Repurchased | -$21.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$112M |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32M |
| Short-Term Investments | $0 |
| Net Receivables | $322M |
| Inventory | $65M |
| Other Current Assets | $77M |
| TOTAL CURRENT ASSETS | $495M |
| PP&E (Net) | $87M |
| Goodwill | $47M |
| Intangible Assets | $26M |
| Long-Term Investments | $14M |
| Tax Assets | -$14M |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $178M |
| TOTAL ASSETS | $673M |
| Account Payables | $126M |
| Short-Term Debt | $294M |
| Deferred Revenue | $81M |
| Other Current Liabilities | $126M |
| TOTAL CURRENT LIABILITIES | $656M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $298M |
| TOTAL NON-CURRENT LIABILITIES | $307M |
| TOTAL LIABILITIES | $963M |
| Common Stock | $5M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$1.4B |
| Treasury Stock | -$106M |
| Accum. Other Comp. Income | $13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$298M |
| Minority Interest | $8M |
| TOTAL EQUITY | -$290M |
| TOTAL LIABILITIES & EQUITY | $673M |
| Total Debt | $307M |
| Net Debt | $274M |
