| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $7M | $6M | -12.3% | 3.2% |
| Op. Income | $488.0K | $2M | $1M | -77.2% | -66.1% |
| Gross Margin | 62.0% | 68.2% | 66.7% | -6.2pp | -4.7pp |
| Net Margin | 4.1% | 26.6% | 57.1% | -22.6pp | -53.1pp |
| EPS (Diluted) | $0.02 | $0.17 | $0.30 | -87.0% | -92.6% |
| Free Cash Flow | $883.3K | $2M | $2M | -58.6% | -53.7% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $4M |
| R&D Expenses | $853.1K |
| Selling & Marketing | $35.0K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $4.7K |
| Operating Expenses | $3M |
| Cost & Expenses | $5M |
| OPERATING INCOME | $488.0K |
| Interest Income | $0 |
| Interest Expense | $21.4K |
| Other Income/Expenses | -$16.7K |
| INCOME BEFORE TAX | $471.3K |
| Income Tax Expense | $234.3K |
| Net Income from Continuing Ops | $237.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $237.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $237.0K |
| D&A | $239.2K |
| EBIT | $492.7K |
| EBITDA | $731.9K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $4M |
| R&D Expenses | $853.1K |
| Selling & Marketing | $35.0K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $4.7K |
| Operating Expenses | $3M |
| Cost & Expenses | $5M |
| OPERATING INCOME | $488.0K |
| Interest Income | $0 |
| Interest Expense | $21.4K |
| Other Income/Expenses | -$16.7K |
| INCOME BEFORE TAX | $471.3K |
| Income Tax Expense | $234.3K |
| Net Income from Continuing Ops | $237.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $237.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $237.0K |
| D&A | $239.2K |
| EBIT | $492.7K |
| EBITDA | $731.9K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $237.0K |
| Depreciation & Amortization | $239.2K |
| Stock-Based Compensation | $316.3K |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $541.7K |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$423.7K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5.9K |
| NET CASH FROM INVESTING | -$429.7K |
| Net Debt Issuance | -$118.2K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$118.2K |
| FREE CASH FLOW | $883.3K |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $5M |
| Other Current Assets | $180.3K |
| TOTAL CURRENT ASSETS | $24M |
| PP&E (Net) | $6M |
| Goodwill | $3M |
| Intangible Assets | $230.8K |
| Long-Term Investments | $0 |
| Tax Assets | $631.7K |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $34M |
| Account Payables | $1M |
| Short-Term Debt | $487.1K |
| Deferred Revenue | $830.1K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $572.4K |
| Deferred Revenue NC | $143.6K |
| Deferred Tax Liabilities | -$143.6K |
| Other Non-Current Liabilities | $143.6K |
| TOTAL NON-CURRENT LIABILITIES | $716.0K |
| TOTAL LIABILITIES | $4M |
| Common Stock | $10.7K |
| Additional Paid-In Capital | $60M |
| Retained Earnings | -$27M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $31M |
| Minority Interest | $0 |
| TOTAL EQUITY | $31M |
| TOTAL LIABILITIES & EQUITY | $34M |
| Total Debt | $1M |
| Net Debt | -$11M |
