| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31M | $190M | $30M | -83.7% | 4.4% |
| Op. Income | -$24M | $126M | -$28M | -118.8% | 13.9% |
| Gross Margin | 90.1% | 96.0% | 74.5% | -5.9pp | 15.6pp |
| Net Margin | -89.0% | 65.4% | -111.3% | -154.3pp | 22.3pp |
| EPS (Diluted) | $-0.19 | $0.85 | $-0.26 | -122.4% | 26.9% |
| Free Cash Flow | -$23M | $152M | -$23M | -115.1% | -2.0% |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $28M |
| R&D Expenses | $38M |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $52M |
| Cost & Expenses | $55M |
| OPERATING INCOME | -$24M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | $187.0K |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $566.0K |
| EBIT | -$22M |
| EBITDA | -$21M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $566.0K |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$565.0K |
| Other Non-Cash Items | -$352.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$22M |
| Capital Expenditure | -$839.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$115M |
| Sales/Maturities of Investments | $80M |
| Other Investing Activities | -$35M |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | -$18M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | -$71M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $98M |
| Short-Term Investments | $336M |
| Net Receivables | $27M |
| Inventory | $4M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $484M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $11M |
| TOTAL ASSETS | $495M |
| Account Payables | $4M |
| Short-Term Debt | $82M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $119M |
| Long-Term Debt | $103M |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $111M |
| TOTAL LIABILITIES | $230M |
| Common Stock | $144.0K |
| Additional Paid-In Capital | $744M |
| Retained Earnings | -$479M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$870.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $265M |
| Minority Interest | $0 |
| TOTAL EQUITY | $265M |
| TOTAL LIABILITIES & EQUITY | $495M |
| Total Debt | $185M |
| Net Debt | $87M |
