| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $252M | $251M | $278M | 0.6% | -9.3% |
| Op. Income | -$8M | -$2M | $6M | -245.0% | -224.6% |
| Gross Margin | 54.2% | 54.9% | 53.1% | -0.6pp | 1.1pp |
| Net Margin | -6.8% | -2.8% | -2.0% | -4.0pp | -4.7pp |
| EPS (Diluted) | $-0.14 | $-0.06 | $-0.05 | -138.1% | -188.1% |
| Free Cash Flow | $19M | $13M | $2M | 47.0% | 700.3% |
| Item | Amount |
|---|---|
| REVENUE | $252M |
| Cost of Revenue | $116M |
| GROSS PROFIT | $137M |
| R&D Expenses | $55M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $90M |
| Other Expenses | $0 |
| Operating Expenses | $144M |
| Cost & Expenses | $260M |
| OPERATING INCOME | -$8M |
| Interest Income | $567.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $14M |
| EBIT | -$12M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $242.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $25M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $194.0K |
| Other Investing Activities | $194.0K |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $170M |
| Short-Term Investments | $0 |
| Net Receivables | $174M |
| Inventory | $64M |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $442M |
| PP&E (Net) | $74M |
| Goodwill | $139M |
| Intangible Assets | $51M |
| Long-Term Investments | -$2M |
| Tax Assets | $2M |
| Other Non-Current Assets | $52M |
| TOTAL NON-CURRENT ASSETS | $315M |
| TOTAL ASSETS | $757M |
| Account Payables | $66M |
| Short-Term Debt | $9M |
| Deferred Revenue | $144M |
| Other Current Liabilities | $85M |
| TOTAL CURRENT LIABILITIES | $356M |
| Long-Term Debt | $170M |
| Deferred Revenue NC | $59M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $54M |
| TOTAL NON-CURRENT LIABILITIES | $285M |
| TOTAL LIABILITIES | $641M |
| Common Stock | $122.0K |
| Additional Paid-In Capital | $987M |
| Retained Earnings | -$853M |
| Treasury Stock | -$15M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $116M |
| Minority Interest | $0 |
| TOTAL EQUITY | $116M |
| TOTAL LIABILITIES & EQUITY | $757M |
| Total Debt | $179M |
| Net Debt | $9M |
