| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $162M | $143M | $90M | 13.3% | 79.5% |
| Op. Income | -$68M | -$49M | -$37M | -38.3% | -86.7% |
| Gross Margin | 73.3% | 73.3% | 74.6% | -0.0pp | -1.3pp |
| Net Margin | -51.3% | -37.7% | -43.7% | -13.5pp | -7.6pp |
| EPS (Diluted) | $-0.66 | $-0.44 | $-0.33 | -50.0% | -100.0% |
| Free Cash Flow | -$85M | -$54M | -$54M | -58.4% | -58.0% |
| Item | Amount |
|---|---|
| REVENUE | $162M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $119M |
| R&D Expenses | $32M |
| Selling & Marketing | $91M |
| General & Administrative | $64M |
| SG&A Expenses | $155M |
| Other Expenses | $0 |
| Operating Expenses | $187M |
| Cost & Expenses | $230M |
| OPERATING INCOME | -$68M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | -$84M |
| Income Tax Expense | -$470.0K |
| Net Income from Continuing Ops | -$83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$83M |
| Net Income Deductions | -$120.0K |
| BOTTOM LINE NET INCOME | -$83M |
| D&A | $7M |
| EBIT | -$73M |
| EBITDA | -$66M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$83M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | -$520.0K |
| Other Non-Cash Items | $19M |
| Change in Working Capital | -$33M |
| OPERATING CASH FLOW | -$74M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $140.0K |
| Purchases of Investments | -$263M |
| Sales/Maturities of Investments | $233M |
| Other Investing Activities | -$140.0K |
| NET CASH FROM INVESTING | -$41M |
| Net Debt Issuance | $236M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $240M |
| FREE CASH FLOW | -$85M |
| Net Change in Cash | $125M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $285M |
| Short-Term Investments | $998M |
| Net Receivables | $56M |
| Inventory | $44M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $292M |
| Goodwill | $17M |
| Intangible Assets | $28M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $363M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $18M |
| Short-Term Debt | $21.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $168M |
| Long-Term Debt | $795M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $826M |
| TOTAL LIABILITIES | $994M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $354.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $777M |
| Minority Interest | $0 |
| TOTAL EQUITY | $777M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $819M |
| Net Debt | $534M |
