| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33M | $192M | $29M | -82.7% | 14.3% |
| Op. Income | -$53M | $113M | -$43M | -146.8% | -23.6% |
| Gross Margin | 99.3% | 72.9% | -94.4% | 26.4pp | 193.7pp |
| Net Margin | -149.0% | 60.6% | -146.6% | -209.6pp | -2.4pp |
| EPS (Diluted) | $-0.57 | $1.26 | $-0.50 | -145.2% | -14.0% |
| Free Cash Flow | -$29M | -$30M | $7M | 3.6% | -512.5% |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $242.0K |
| GROSS PROFIT | $33M |
| R&D Expenses | $50M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $86M |
| Cost & Expenses | $86M |
| OPERATING INCOME | -$53M |
| Interest Income | $4M |
| Interest Expense | $702.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$49M |
| Income Tax Expense | $76.0K |
| Net Income from Continuing Ops | -$49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$49M |
| D&A | $6M |
| EBIT | -$49M |
| EBITDA | -$43M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$49M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$916.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$27M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$50M |
| Sales/Maturities of Investments | $205M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $153M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$29M |
| Net Change in Cash | $122M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $197M |
| Short-Term Investments | $432M |
| Net Receivables | $19M |
| Inventory | $5M |
| Other Current Assets | $130M |
| TOTAL CURRENT ASSETS | $786M |
| PP&E (Net) | $85M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $11M |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $107M |
| TOTAL ASSETS | $894M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $257.0K |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $87M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $99M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $52M |
| TOTAL NON-CURRENT LIABILITIES | $193M |
| TOTAL LIABILITIES | $280M |
| Common Stock | $872.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$687M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$224.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $594M |
| Minority Interest | $19M |
| TOTAL EQUITY | $614M |
| TOTAL LIABILITIES & EQUITY | $894M |
| Total Debt | $54M |
| Net Debt | -$142M |
