| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $69M | $39M | $58M | 77.7% | 18.2% |
| Op. Income | -$52M | -$62M | -$39M | 16.7% | -31.5% |
| Gross Margin | -60.7% | -151.7% | -64.4% | 91.1pp | 3.8pp |
| Net Margin | -80.4% | -147.2% | -43.8% | 66.8pp | -36.6pp |
| EPS (Diluted) | $-1.01 | $-1.04 | $-0.49 | 3.4% | -104.8% |
| Free Cash Flow | -$88M | -$88M | -$63M | -0.4% | -40.3% |
| Item | Amount |
|---|---|
| REVENUE | $69M |
| Cost of Revenue | $110M |
| GROSS PROFIT | -$42M |
| R&D Expenses | $110M |
| Selling & Marketing | $5M |
| General & Administrative | $16M |
| SG&A Expenses | $21M |
| Other Expenses | -$10M |
| Operating Expenses | $121M |
| Cost & Expenses | $121M |
| OPERATING INCOME | -$52M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$55M |
| Income Tax Expense | $71.3K |
| Net Income from Continuing Ops | -$55M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$55M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$55M |
| D&A | $3M |
| EBIT | -$52M |
| EBITDA | -$48M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$55M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $71.3K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$48M |
| OPERATING CASH FLOW | -$82M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.2K |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$88M |
| Net Change in Cash | -$88M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $63M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $60M |
| Goodwill | $0 |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $103M |
| TOTAL NON-CURRENT ASSETS | $174M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $101M |
| Short-Term Debt | $0 |
| Deferred Revenue | $113M |
| Other Current Liabilities | -$1.2K |
| TOTAL CURRENT LIABILITIES | $221M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $30M |
| TOTAL LIABILITIES | $251M |
| Common Stock | $279M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$440M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $30M |
| Net Debt | -$1.3B |
