| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $59M | $59M | $44M | -0.2% | 33.3% |
| Op. Income | -$12M | -$6M | -$7M | -99.0% | -79.0% |
| Gross Margin | 86.8% | 86.6% | 86.3% | 0.3pp | 0.5pp |
| Net Margin | -23.1% | -10.8% | -15.1% | -12.3pp | -8.0pp |
| EPS (Diluted) | $-0.37 | $-0.17 | $-0.19 | -117.6% | -94.7% |
| Free Cash Flow | -$4M | $5M | $4M | -184.5% | -209.9% |
| Item | Amount |
|---|---|
| REVENUE | $59M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $51M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $44M |
| Other Expenses | $2M |
| Operating Expenses | $63M |
| Cost & Expenses | $71M |
| OPERATING INCOME | -$12M |
| Interest Income | $780.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$904.0K |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $187.0K |
| 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 | $2M |
| EBIT | -$12M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $615.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$24M |
| Sales/Maturities of Investments | $21M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$654.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$425.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $113M |
| Net Receivables | $24M |
| Inventory | $13M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $209M |
| PP&E (Net) | $86M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $98M |
| TOTAL ASSETS | $307M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $33M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $84M |
| TOTAL LIABILITIES | $117M |
| Common Stock | $37.0K |
| Additional Paid-In Capital | $415M |
| Retained Earnings | -$226M |
| Treasury Stock | -$132.0K |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $190M |
| Minority Interest | $0 |
| TOTAL EQUITY | $190M |
| TOTAL LIABILITIES & EQUITY | $307M |
| Total Debt | $80M |
| Net Debt | $41M |
