| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19M | $13M | $0 | 47.7% | — |
| Op. Income | -$16M | -$25M | -$13M | 34.9% | -30.8% |
| Gross Margin | 73.8% | 71.8% | — | 2.0pp | — |
| Net Margin | -74.6% | -204.9% | — | 130.3pp | — |
| EPS (Diluted) | $-0.47 | $-0.98 | $-0.46 | 52.0% | -2.2% |
| Free Cash Flow | -$17M | -$26M | -$12M | 33.7% | -42.0% |
| Item | Amount |
|---|---|
| REVENUE | $19M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $14M |
| R&D Expenses | $418.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $31M |
| Cost & Expenses | $36M |
| OPERATING INCOME | -$16M |
| Interest Income | $375.0K |
| Interest Expense | $2M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | -$128.0K |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $2M |
| EBIT | -$12M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$156.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $30M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | $14M |
| Net Debt Issuance | -$339.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$252.0K |
| NET CASH FROM FINANCING | $73M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | $71M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $110M |
| Short-Term Investments | $20M |
| Net Receivables | $11M |
| Inventory | $6M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $152M |
| PP&E (Net) | $5M |
| Goodwill | $21M |
| Intangible Assets | $60M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $88M |
| TOTAL ASSETS | $240M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $91M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $41M |
| TOTAL NON-CURRENT LIABILITIES | $137M |
| TOTAL LIABILITIES | $161M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $293M |
| Retained Earnings | -$213M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $6.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $79M |
| Minority Interest | $0 |
| TOTAL EQUITY | $79M |
| TOTAL LIABILITIES & EQUITY | $240M |
| Total Debt | $97M |
| Net Debt | -$13M |
