| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | — | $6M | — | 6.1% |
| Op. Income | -$54M | — | -$37M | — | -45.6% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | -955.2% | — | -726.8% | — | -228.4pp |
| EPS (Diluted) | $-1.92 | — | $-1.38 | — | -39.0% |
| Free Cash Flow | -$55M | — | -$38M | — | -44.2% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $6M |
| R&D Expenses | $45M |
| Selling & Marketing | $3M |
| General & Administrative | $11M |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $60M |
| Cost & Expenses | $60M |
| OPERATING INCOME | -$54M |
| Interest Income | $129.8K |
| Interest Expense | $7M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$60M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | -$60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$60M |
| D&A | $2M |
| EBIT | -$54M |
| EBITDA | -$52M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$60M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $416.2K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$55M |
| Capital Expenditure | -$76.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$149.7K |
| NET CASH FROM INVESTING | -$225.7K |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $144M |
| NET CASH FROM FINANCING | $142M |
| FREE CASH FLOW | -$55M |
| Net Change in Cash | $330M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $330M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $4.7K |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $356M |
| PP&E (Net) | $20M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $1M |
| Tax Assets | $21M |
| Other Non-Current Assets | -$21M |
| TOTAL NON-CURRENT ASSETS | $23M |
| TOTAL ASSETS | $378M |
| Account Payables | $42M |
| Short-Term Debt | $3M |
| Deferred Revenue | $1.2K |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $55M |
| Long-Term Debt | $193M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $211M |
| TOTAL LIABILITIES | $266M |
| Common Stock | $11M |
| Additional Paid-In Capital | $440M |
| Retained Earnings | -$339M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8.2K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $112M |
| Minority Interest | $0 |
| TOTAL EQUITY | $112M |
| TOTAL LIABILITIES & EQUITY | $378M |
| Total Debt | $211M |
| Net Debt | -$119M |
