| Metric | Q1 2017 | Q4 2016 | Q1 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | $39M | $42M | -24.2% | -30.4% |
| Op. Income | -$28M | -$23M | -$16M | -21.9% | -70.2% |
| Gross Margin | 74.5% | 79.5% | 81.7% | -5.0pp | -7.3pp |
| Net Margin | -111.3% | -70.2% | -46.6% | -41.0pp | -64.6pp |
| EPS (Diluted) | $-0.26 | $-0.21 | $-0.16 | -23.8% | -62.5% |
| Free Cash Flow | -$23M | -$16M | -$14M | -39.1% | -59.7% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $22M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $50M |
| Cost & Expenses | $57M |
| OPERATING INCOME | -$28M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$33M |
| Income Tax Expense | $210.0K |
| Net Income from Continuing Ops | -$33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$33M |
| D&A | $602.0K |
| EBIT | -$27M |
| EBITDA | -$27M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$33M |
| Depreciation & Amortization | $602.0K |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $60.0K |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$22M |
| Capital Expenditure | -$99.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$55M |
| Sales/Maturities of Investments | $59M |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$393.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$786.0K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $45M |
| Short-Term Investments | $134M |
| Net Receivables | $12M |
| Inventory | $14M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $222M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $672.0K |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $227M |
| Account Payables | $3M |
| Short-Term Debt | $30M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $62M |
| Long-Term Debt | $184M |
| Deferred Revenue NC | $39M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $326.0K |
| TOTAL NON-CURRENT LIABILITIES | $224M |
| TOTAL LIABILITIES | $285M |
| Common Stock | $130.0K |
| Additional Paid-In Capital | $560M |
| Retained Earnings | -$618M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$49.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$58M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$58M |
| TOTAL LIABILITIES & EQUITY | $227M |
| Total Debt | $214M |
| Net Debt | $169M |
