Q3 2018 Earnings

Reported September 29, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q3 2018	Q2 2018	Q3 2017	QoQ Change	YoY Change
Revenue	$26M	$29M	—	-12.0%	—
Op. Income	-$13M	-$5M	—	-167.5%	—
Gross Margin	23.3%	36.3%	—	-13.0pp	—
Net Margin	-44.2%	-15.6%	—	-28.6pp	—
EPS (Diluted)	$-0.10	$-0.08	—	-17.2%	—

Income Statement

Item	Amount
REVENUE	$26M
Cost of Revenue	$20M
GROSS PROFIT	$6M
R&D Expenses	$8M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$11M
Other Expenses	$0
Operating Expenses	$19M
Cost & Expenses	$38M
OPERATING INCOME	-$13M
Interest Income	$0
Interest Expense	$750.0K
Other Income/Expenses	$3M
INCOME BEFORE TAX	-$9M
Income Tax Expense	$536.5K
Net Income from Continuing Ops	-$10M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$11M
D&A	$0
EBIT	-$9M
EBITDA	-$9M
EPS	-$0
EPS Diluted	-$0