| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $54M | $46M | $60M | 16.1% | -10.9% |
| Op. Income | -$32M | -$25M | -$71.0K | -30.7% | -45057.7% |
| Gross Margin | 68.9% | 51.7% | 90.7% | 17.2pp | -21.8pp |
| Net Margin | -64.1% | -54.1% | -3.5% | -10.0pp | -60.6pp |
| EPS (Diluted) | $-0.24 | $-0.17 | $-0.01 | -41.2% | -1532.7% |
| Free Cash Flow | -$27M | -$31M | $7M | 11.2% | -469.0% |
| Item | Amount |
|---|---|
| REVENUE | $54M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $37M |
| R&D Expenses | $45M |
| Selling & Marketing | $0 |
| General & Administrative | $24M |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $69M |
| Cost & Expenses | $86M |
| OPERATING INCOME | -$32M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | -$63.0K |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $1M |
| EBIT | -$31M |
| EBITDA | -$30M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | -$27M |
| Capital Expenditure | -$641.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$122M |
| NET CASH FROM INVESTING | -$123M |
| Net Debt Issuance | -$45M |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $455M |
| NET CASH FROM FINANCING | $210M |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | $61M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $120M |
| Short-Term Investments | $301M |
| Net Receivables | $59M |
| Inventory | $29M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $543M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $22M |
| TOTAL ASSETS | $566M |
| Account Payables | $6M |
| Short-Term Debt | $20M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $86M |
| Long-Term Debt | $383M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $388M |
| TOTAL LIABILITIES | $474M |
| Common Stock | $137.0K |
| Additional Paid-In Capital | $695M |
| Retained Earnings | -$604M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $240.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $92M |
| Minority Interest | $0 |
| TOTAL EQUITY | $92M |
| TOTAL LIABILITIES & EQUITY | $566M |
| Total Debt | $403M |
| Net Debt | $282M |
