| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26M | $35M | $64M | -27.4% | -59.9% |
| Op. Income | -$25M | -$20M | $8M | -26.9% | -415.4% |
| Gross Margin | 97.6% | 97.6% | 86.9% | -0.1pp | 10.6pp |
| Net Margin | -109.0% | -65.0% | 4.3% | -43.9pp | -113.3pp |
| EPS (Diluted) | $-0.19 | $-0.16 | $0.02 | -18.8% | -1050.0% |
| Free Cash Flow | -$19M | -$19M | $20M | 0.1% | -195.8% |
| Item | Amount |
|---|---|
| REVENUE | $26M |
| Cost of Revenue | $626.0K |
| GROSS PROFIT | $25M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $50M |
| Cost & Expenses | $51M |
| OPERATING INCOME | -$25M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$28M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$28M |
| D&A | $612.0K |
| EBIT | -$24M |
| EBITDA | -$23M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$28M |
| Depreciation & Amortization | $612.0K |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$896.0K |
| Other Non-Cash Items | -$273.0K |
| Change in Working Capital | $613.0K |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$333.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$63M |
| Sales/Maturities of Investments | $98M |
| Other Investing Activities | $36M |
| NET CASH FROM INVESTING | $35M |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | -$154.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $55M |
| Short-Term Investments | $309M |
| Net Receivables | $28M |
| Inventory | $18M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $430M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $445M |
| Account Payables | $3M |
| Short-Term Debt | $89M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $139M |
| Long-Term Debt | $58M |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $66M |
| TOTAL LIABILITIES | $205M |
| Common Stock | $145.0K |
| Additional Paid-In Capital | $769M |
| Retained Earnings | -$529M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$478.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $240M |
| Minority Interest | $0 |
| TOTAL EQUITY | $240M |
| TOTAL LIABILITIES & EQUITY | $445M |
| Total Debt | $146M |
| Net Debt | $91M |
