| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $382M | $444M | $384M | -13.9% | -0.5% |
| Op. Income | -$60M | -$123M | -$126M | 50.9% | 52.0% |
| Gross Margin | 93.2% | 93.3% | 93.6% | -0.1pp | -0.5pp |
| Net Margin | -10.8% | -33.7% | -48.7% | 22.9pp | 37.9pp |
| EPS (Diluted) | $-0.19 | $-0.71 | $-0.96 | 73.2% | 80.2% |
| Free Cash Flow | $8M | -$115M | -$195M | 107.2% | 104.2% |
| Item | Amount |
|---|---|
| REVENUE | $382M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $356M |
| R&D Expenses | $303M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $113M |
| Other Expenses | $0 |
| Operating Expenses | $417M |
| Cost & Expenses | $443M |
| OPERATING INCOME | -$60M |
| Interest Income | $0 |
| Interest Expense | $385.0K |
| Other Income/Expenses | $20M |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | $786.0K |
| Net Income from Continuing Ops | -$41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$41M |
| D&A | $13M |
| EBIT | -$40M |
| EBITDA | -$27M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$41M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | -$23M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $28M |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $13M |
| Purchases of Investments | -$47M |
| Sales/Maturities of Investments | $31M |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | -$29M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $894M |
| Short-Term Investments | $277M |
| Net Receivables | $220M |
| Inventory | $5M |
| Other Current Assets | $74M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $265M |
| Goodwill | $156M |
| Intangible Assets | $232M |
| Long-Term Investments | $166M |
| Tax Assets | $0 |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $836M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $74M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $80M |
| TOTAL CURRENT LIABILITIES | $381M |
| Long-Term Debt | $17M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $280M |
| TOTAL NON-CURRENT LIABILITIES | $297M |
| TOTAL LIABILITIES | $678M |
| Common Stock | $212.0K |
| Additional Paid-In Capital | $3.7B |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $24M |
| Net Debt | -$870M |
