| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $66M | $71M | $81M | -7.3% | -18.5% |
| Op. Income | $3M | $1M | $10M | 176.4% | -68.0% |
| Gross Margin | 8.3% | 4.6% | 15.7% | 3.7pp | -7.4pp |
| Net Margin | 10.1% | 5.2% | 11.7% | 4.9pp | -1.6pp |
| EPS (Diluted) | $0.15 | $0.08 | $0.22 | 87.5% | -31.8% |
| Free Cash Flow | $9M | $14M | $12M | -35.1% | -20.9% |
| Item | Amount |
|---|---|
| REVENUE | $66M |
| Cost of Revenue | $60M |
| GROSS PROFIT | $5M |
| R&D Expenses | $833.0K |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $62M |
| OPERATING INCOME | $3M |
| Interest Income | $3M |
| Interest Expense | $43.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $3M |
| EBIT | $8M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $66M |
| Cost of Revenue | $60M |
| GROSS PROFIT | $5M |
| R&D Expenses | $833.0K |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $62M |
| OPERATING INCOME | $3M |
| Interest Income | $3M |
| Interest Expense | $43.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $3M |
| EBIT | $8M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $21.0K |
| Deferred Income Tax | $172.0K |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $11M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $236M |
| Short-Term Investments | $76M |
| Net Receivables | $21M |
| Inventory | $43M |
| Other Current Assets | $942.0K |
| TOTAL CURRENT ASSETS | $377M |
| PP&E (Net) | $100M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | -$18M |
| Tax Assets | $18M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $107M |
| TOTAL ASSETS | $484M |
| Account Payables | $27M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $40M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $19M |
| Deferred Tax Liabilities | $18M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $39M |
| TOTAL LIABILITIES | $79M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $282M |
| Retained Earnings | $123M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $200.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $405M |
| Minority Interest | $0 |
| TOTAL EQUITY | $405M |
| TOTAL LIABILITIES & EQUITY | $484M |
| Total Debt | $531.0K |
| Net Debt | -$235M |
