| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $2M | $2M | 86.2% | 79.2% |
| Op. Income | -$9M | -$11M | -$7M | 14.9% | -30.9% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -226.2% | -497.7% | -315.1% | 271.5pp | 88.9pp |
| EPS (Diluted) | $-1.15 | $-1.36 | $-1.14 | 15.4% | -0.9% |
| Free Cash Flow | -$9M | -$8M | -$7M | -22.5% | -41.8% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $4M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | -$10.0K |
| Operating Expenses | $13M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$9M |
| Interest Income | $408.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $398.0K |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $352.0K |
| EBIT | -$9M |
| EBITDA | -$8M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $352.0K |
| Stock-Based Compensation | $902.0K |
| Deferred Income Tax | -$77.0K |
| Other Non-Cash Items | $7.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$363.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $41M |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | -$41M |
| NET CASH FROM INVESTING | $15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $395.0K |
| NET CASH FROM FINANCING | $395.0K |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $56M |
| Short-Term Investments | $23M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $740.0K |
| TOTAL CURRENT ASSETS | $81M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $86M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $18M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $25M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $748.0K |
| TOTAL NON-CURRENT LIABILITIES | $748.0K |
| TOTAL LIABILITIES | $26M |
| Common Stock | $30.0K |
| Additional Paid-In Capital | $152M |
| Retained Earnings | -$92M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $60M |
| Minority Interest | $0 |
| TOTAL EQUITY | $60M |
| TOTAL LIABILITIES & EQUITY | $86M |
| Total Debt | $0 |
| Net Debt | -$56M |
