| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $162M | $134M | $144M | 20.4% | 12.4% |
| Op. Income | -$5M | -$43M | -$30M | 88.2% | 83.2% |
| Gross Margin | 9.2% | -15.1% | 4.6% | 24.3pp | 4.6pp |
| Net Margin | -12.1% | -34.7% | -16.1% | 22.6pp | 4.1pp |
| EPS (Diluted) | $-0.04 | $-0.10 | $-0.05 | 58.4% | 22.3% |
| Free Cash Flow | $29M | -$49M | -$12M | 158.2% | 344.3% |
| Item | Amount |
|---|---|
| REVENUE | $162M |
| Cost of Revenue | $147M |
| GROSS PROFIT | $15M |
| R&D Expenses | $934.0K |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | -$1M |
| Operating Expenses | $14M |
| Cost & Expenses | $161M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $52M |
| EBIT | -$9M |
| EBITDA | $43M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $57M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $55M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$282.0K |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $61.0K |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$595.0K |
| Common Dividends Paid | -$1M |
| Other Financing Activities | -$541.0K |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $29M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $33M |
| Short-Term Investments | $0 |
| Net Receivables | $37M |
| Inventory | $98M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $179M |
| PP&E (Net) | $2.5B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $7M |
| Tax Assets | $4M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $58M |
| Short-Term Debt | $0 |
| Deferred Revenue | $20M |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $146M |
| Long-Term Debt | $585M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $143M |
| Other Non-Current Liabilities | $163M |
| TOTAL NON-CURRENT LIABILITIES | $911M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $124M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$344M |
| Treasury Stock | -$23M |
| Accum. Other Comp. Income | -$38M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $616M |
| Net Debt | $583M |
