| Metric | Q4 2013 | Q3 2013 | Q4 2012 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | — | $8M | — | 47.4% |
| Op. Income | -$719.0K | — | -$1M | — | 48.1% |
| Gross Margin | 43.3% | — | 40.6% | — | 2.7pp |
| Net Margin | -5.9% | — | -17.9% | — | 12.1pp |
| EPS (Diluted) | $-0.02 | — | $-0.04 | — | 53.5% |
| Free Cash Flow | -$4M | — | -$6M | — | 32.4% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $5M |
| R&D Expenses | $10M |
| Selling & Marketing | $153.4K |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $12M |
| OPERATING INCOME | -$719.0K |
| Interest Income | $404.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $52.7K |
| INCOME BEFORE TAX | -$666.3K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$666.3K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$666.3K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$666.3K |
| D&A | $526.9K |
| EBIT | -$719.0K |
| EBITDA | -$192.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$666.3K |
| Depreciation & Amortization | $526.9K |
| Stock-Based Compensation | $380.6K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$203.7K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $23M |
| NET CASH FROM FINANCING | $23M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $45M |
| Short-Term Investments | $4M |
| Net Receivables | $3M |
| Inventory | $1M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $58M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $318.5K |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.3K |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $65M |
| Account Payables | $6M |
| Short-Term Debt | $153.4K |
| Deferred Revenue | $1M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $18M |
| Common Stock | $3M |
| Additional Paid-In Capital | $150M |
| Retained Earnings | -$105M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$44.5K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $47M |
| Minority Interest | $0 |
| TOTAL EQUITY | $47M |
| TOTAL LIABILITIES & EQUITY | $65M |
| Total Debt | $6M |
| Net Debt | -$39M |
