| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $31M | $34M | 14.0% | 4.3% |
| Op. Income | -$20M | -$24M | -$25M | 15.3% | 21.2% |
| Gross Margin | 97.6% | 90.1% | 76.9% | 7.5pp | 20.7pp |
| Net Margin | -65.0% | -89.0% | -91.1% | 23.9pp | 26.1pp |
| EPS (Diluted) | $-0.16 | $-0.19 | $-0.23 | 15.8% | 30.4% |
| Free Cash Flow | -$19M | -$23M | -$17M | 16.2% | -11.9% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $836.0K |
| GROSS PROFIT | $34M |
| R&D Expenses | $40M |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $54M |
| Cost & Expenses | $55M |
| OPERATING INCOME | -$20M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | $33.0K |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $620.0K |
| EBIT | -$18M |
| EBITDA | -$17M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $620.0K |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$705.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$418.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$95M |
| Sales/Maturities of Investments | $88M |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | -$43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $55M |
| Short-Term Investments | $344M |
| Net Receivables | $34M |
| Inventory | $8M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $462M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $13M |
| TOTAL ASSETS | $475M |
| Account Payables | $6M |
| Short-Term Debt | $87M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $132M |
| Long-Term Debt | $79M |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $87M |
| TOTAL LIABILITIES | $220M |
| Common Stock | $144.0K |
| Additional Paid-In Capital | $757M |
| Retained Earnings | -$501M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$736.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $255M |
| Minority Interest | $0 |
| TOTAL EQUITY | $255M |
| TOTAL LIABILITIES & EQUITY | $475M |
| Total Debt | $166M |
| Net Debt | $111M |
