| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $9M | $3M | -12.6% | 135.0% |
| Op. Income | -$275.4K | $686.5K | -$3M | -140.1% | 90.5% |
| Gross Margin | 46.1% | 51.9% | 31.8% | -5.8pp | 14.4pp |
| Net Margin | -1.0% | 7.2% | -74.1% | -8.2pp | 73.1pp |
| EPS (Diluted) | $-0.00 | $0.02 | $-0.07 | -112.0% | 96.8% |
| Free Cash Flow | $7M | $3M | -$1M | 124.8% | 643.8% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $4M |
| R&D Expenses | $996.9K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$275.4K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $94.3K |
| INCOME BEFORE TAX | -$181.1K |
| Income Tax Expense | -$103.3K |
| Net Income from Continuing Ops | -$77.8K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$77.8K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$77.8K |
| D&A | $201.6K |
| EBIT | -$275.4K |
| EBITDA | -$73.8K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$77.8K |
| Depreciation & Amortization | $201.6K |
| Stock-Based Compensation | $171.6K |
| Deferred Income Tax | -$105.5K |
| Other Non-Cash Items | $20.2K |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$39.2K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $603.7K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$640.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $648.7K |
| NET CASH FROM FINANCING | $648.7K |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $4M |
| Net Receivables | $4M |
| Inventory | $6M |
| Other Current Assets | $503.0K |
| TOTAL CURRENT ASSETS | $34M |
| PP&E (Net) | $2M |
| Goodwill | $2M |
| Intangible Assets | $1M |
| Long-Term Investments | $1M |
| Tax Assets | $5M |
| Other Non-Current Assets | $559.0K |
| TOTAL NON-CURRENT ASSETS | $13M |
| TOTAL ASSETS | $47M |
| Account Payables | $860.0K |
| Short-Term Debt | $280.0K |
| Deferred Revenue | $6M |
| Other Current Liabilities | $259.0K |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $33.0K |
| Deferred Revenue NC | $551.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $12M |
| Common Stock | $0 |
| Additional Paid-In Capital | $90M |
| Retained Earnings | -$54M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$459.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $35M |
| Minority Interest | $0 |
| TOTAL EQUITY | $35M |
| TOTAL LIABILITIES & EQUITY | $47M |
| Total Debt | $313.0K |
| Net Debt | -$19M |
