| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $50M | $46M | $37M | 7.8% | 35.2% |
| Op. Income | -$13M | -$12M | -$8M | -9.2% | -65.3% |
| Gross Margin | 55.2% | 55.0% | 54.6% | 0.2pp | 0.6pp |
| Net Margin | -24.4% | -33.8% | -23.0% | 9.3pp | -1.4pp |
| EPS (Diluted) | $-0.13 | $-0.26 | $-0.11 | 50.0% | -18.2% |
| Free Cash Flow | -$17M | -$11M | -$6M | -59.5% | -178.0% |
| Item | Amount |
|---|---|
| REVENUE | $50M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $28M |
| R&D Expenses | $12M |
| Selling & Marketing | $18M |
| General & Administrative | $11M |
| SG&A Expenses | $28M |
| Other Expenses | $109.0K |
| Operating Expenses | $40M |
| Cost & Expenses | $63M |
| OPERATING INCOME | -$13M |
| Interest Income | $1M |
| Interest Expense | $621.0K |
| Other Income/Expenses | $642.0K |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $46.0K |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $4M |
| EBIT | -$11M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $181.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | -$145M |
| Sales/Maturities of Investments | $24M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$125M |
| Net Debt Issuance | -$23M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$21M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$159M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $55M |
| Short-Term Investments | $153M |
| Net Receivables | $34M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $256M |
| PP&E (Net) | $57M |
| Goodwill | $348.0K |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $71M |
| TOTAL ASSETS | $327M |
| Account Payables | $7M |
| Short-Term Debt | $14M |
| Deferred Revenue | $23M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $45M |
| Long-Term Debt | $12M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $23M |
| TOTAL LIABILITIES | $68M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $439M |
| Retained Earnings | -$178M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$22.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $259M |
| Minority Interest | $0 |
| TOTAL EQUITY | $259M |
| TOTAL LIABILITIES & EQUITY | $327M |
| Total Debt | $29M |
| Net Debt | -$26M |
