| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $59M | $50M | $41M | 18.4% | 44.5% |
| Op. Income | -$14M | -$13M | -$7M | -10.0% | -98.8% |
| Gross Margin | 56.7% | 55.2% | 56.6% | 1.5pp | 0.1pp |
| Net Margin | -23.9% | -24.4% | -17.9% | 0.5pp | -6.0pp |
| EPS (Diluted) | $-0.15 | $-0.13 | $-0.09 | -15.4% | -62.0% |
| Free Cash Flow | -$9M | -$17M | -$8M | 47.6% | -9.7% |
| Item | Amount |
|---|---|
| REVENUE | $59M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $33M |
| R&D Expenses | $13M |
| Selling & Marketing | $22M |
| General & Administrative | $13M |
| SG&A Expenses | $34M |
| Other Expenses | $0 |
| Operating Expenses | $47M |
| Cost & Expenses | $73M |
| OPERATING INCOME | -$14M |
| Interest Income | $856.0K |
| Interest Expense | $391.0K |
| Other Income/Expenses | $267.0K |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $309.0K |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $5M |
| EBIT | -$13M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $52M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | $32M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | $31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $115M |
| Net Receivables | $37M |
| Inventory | $0 |
| Other Current Assets | $70M |
| TOTAL CURRENT ASSETS | $249M |
| PP&E (Net) | $60M |
| Goodwill | $372.0K |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $72M |
| TOTAL ASSETS | $321M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $317.0K |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $37M |
| Long-Term Debt | $20M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $26M |
| TOTAL LIABILITIES | $63M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $449M |
| Retained Earnings | -$192M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $196.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $258M |
| Minority Interest | $0 |
| TOTAL EQUITY | $258M |
| TOTAL LIABILITIES & EQUITY | $321M |
| Total Debt | $30M |
| Net Debt | $13M |
