| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $46M | $39M | $26M | 18.1% | 80.9% |
| Op. Income | -$25M | -$14M | -$25M | -75.6% | 3.7% |
| Gross Margin | 51.7% | 95.2% | 97.6% | -43.5pp | -45.9pp |
| Net Margin | -54.1% | -37.4% | -109.0% | -16.8pp | 54.9pp |
| EPS (Diluted) | $-0.17 | $-0.10 | $-0.19 | -70.0% | 10.5% |
| Free Cash Flow | -$31M | -$26M | -$19M | -17.4% | -59.4% |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $24M |
| R&D Expenses | $30M |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $48M |
| Cost & Expenses | $71M |
| OPERATING INCOME | -$25M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$465.0K |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $13.0K |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $1M |
| EBIT | -$23M |
| EBITDA | -$22M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$472.0K |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$30M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $50M |
| Other Investing Activities | $42M |
| NET CASH FROM INVESTING | $41M |
| Net Debt Issuance | -$21M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$19M |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $59M |
| Short-Term Investments | $179M |
| Net Receivables | $41M |
| Inventory | $36M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $342M |
| PP&E (Net) | $15M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $28M |
| TOTAL ASSETS | $370M |
| Account Payables | $4M |
| Short-Term Debt | $55M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $108M |
| Long-Term Debt | $9M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $17M |
| TOTAL LIABILITIES | $125M |
| Common Stock | $147.0K |
| Additional Paid-In Capital | $814M |
| Retained Earnings | -$569M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $392.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $245M |
| Minority Interest | $0 |
| TOTAL EQUITY | $245M |
| TOTAL LIABILITIES & EQUITY | $370M |
| Total Debt | $64M |
| Net Debt | $5M |
