| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $29M | $44M | — | -34.0% | — |
| Op. Income | -$43M | -$23M | — | -84.0% | — |
| Gross Margin | -94.4% | -18.6% | — | -75.8pp | — |
| Net Margin | -146.6% | -53.3% | — | -93.3pp | — |
| EPS (Diluted) | $-0.50 | $-0.28 | — | -78.6% | — |
| Free Cash Flow | $7M | -$37M | — | 119.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $56M |
| GROSS PROFIT | -$27M |
| R&D Expenses | $56M |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $72M |
| Cost & Expenses | $72M |
| OPERATING INCOME | -$43M |
| Interest Income | $3M |
| Interest Expense | $3M |
| Other Income/Expenses | $340.0K |
| INCOME BEFORE TAX | -$42M |
| Income Tax Expense | $124.0K |
| Net Income from Continuing Ops | -$43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$43M |
| D&A | $2M |
| EBIT | -$40M |
| EBITDA | -$38M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$43M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $97.0K |
| Change in Working Capital | $35M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$110M |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$89M |
| Net Debt Issuance | -$52.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | -$77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $567M |
| Short-Term Investments | $86M |
| Net Receivables | $23M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $679M |
| PP&E (Net) | $128M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $41M |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $177M |
| TOTAL ASSETS | $856M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $38M |
| Other Current Liabilities | $36M |
| TOTAL CURRENT LIABILITIES | $100M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $137M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $265M |
| TOTAL LIABILITIES | $365M |
| Common Stock | $848.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$737M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $471M |
| Minority Interest | $19M |
| TOTAL EQUITY | $491M |
| TOTAL LIABILITIES & EQUITY | $856M |
| Total Debt | $97M |
| Net Debt | -$469M |
