| Metric | FY 2019 | Prior Q | FY 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $196M | — | $152M | — | 29.1% |
| Op. Income | -$68M | — | -$69M | — | 2.5% |
| Gross Margin | 76.8% | — | 93.3% | — | -16.6pp |
| Net Margin | -36.9% | — | -52.9% | — | 16.0pp |
| EPS (Diluted) | $-0.50 | — | $-0.56 | — | 10.7% |
| Free Cash Flow | -$89M | — | -$54M | — | -65.2% |
| Item | Amount |
|---|---|
| REVENUE | $196M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $150M |
| R&D Expenses | $141M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $77M |
| Other Expenses | $0 |
| Operating Expenses | $218M |
| Cost & Expenses | $264M |
| OPERATING INCOME | -$68M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$72M |
| Income Tax Expense | -$11.0K |
| Net Income from Continuing Ops | -$72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$72M |
| D&A | $4M |
| EBIT | -$61M |
| EBITDA | -$57M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$72M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $35M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $666.0K |
| Change in Working Capital | -$55M |
| OPERATING CASH FLOW | -$85M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $339M |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $14M |
| NET CASH FROM FINANCING | $153M |
| FREE CASH FLOW | -$89M |
| Net Change in Cash | $62M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $120M |
| Short-Term Investments | $301M |
| Net Receivables | $59M |
| Inventory | $29M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $543M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $22M |
| TOTAL ASSETS | $566M |
| Account Payables | $6M |
| Short-Term Debt | $20M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $86M |
| Long-Term Debt | $383M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $388M |
| TOTAL LIABILITIES | $474M |
| Common Stock | $137.0K |
| Additional Paid-In Capital | $695M |
| Retained Earnings | -$604M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $240.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $92M |
| Minority Interest | $0 |
| TOTAL EQUITY | $92M |
| TOTAL LIABILITIES & EQUITY | $566M |
| Total Debt | $403M |
| Net Debt | $282M |
