| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $33M | $108M | -76.0% | -92.6% |
| Op. Income | -$100M | -$53M | $20M | -90.0% | -604.2% |
| Gross Margin | 88.7% | 99.3% | 35.0% | -10.6pp | 53.7pp |
| Net Margin | -1230.5% | -149.0% | 19.4% | -1081.5pp | -1249.9pp |
| EPS (Diluted) | $-1.12 | $-0.57 | $0.23 | -96.5% | -587.0% |
| Free Cash Flow | -$47M | -$29M | -$21M | -59.7% | -126.8% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $905.0K |
| GROSS PROFIT | $7M |
| R&D Expenses | $57M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $51M |
| Other Expenses | $0 |
| Operating Expenses | $108M |
| Cost & Expenses | $108M |
| OPERATING INCOME | -$100M |
| Interest Income | $3M |
| Interest Expense | $668.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$98M |
| Income Tax Expense | $72.0K |
| Net Income from Continuing Ops | -$98M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$98M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$98M |
| D&A | $5M |
| EBIT | -$97M |
| EBITDA | -$92M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$98M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$355.0K |
| Change in Working Capital | $31M |
| OPERATING CASH FLOW | -$45M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$255M |
| Sales/Maturities of Investments | $232M |
| Other Investing Activities | $7.0K |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$284.0K |
| FREE CASH FLOW | -$47M |
| Net Change in Cash | -$70M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $126M |
| Short-Term Investments | $407M |
| Net Receivables | $154M |
| Inventory | $7M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $702M |
| PP&E (Net) | $82M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $61M |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $155M |
| TOTAL ASSETS | $857M |
| Account Payables | $6M |
| Short-Term Debt | $983.0K |
| Deferred Revenue | $490.0K |
| Other Current Liabilities | $63M |
| TOTAL CURRENT LIABILITIES | $103M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $99M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $81M |
| TOTAL NON-CURRENT LIABILITIES | $219M |
| TOTAL LIABILITIES | $322M |
| Common Stock | $877.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$785M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$747.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $516M |
| Minority Interest | $19M |
| TOTAL EQUITY | $535M |
| TOTAL LIABILITIES & EQUITY | $857M |
| Total Debt | $52M |
| Net Debt | -$74M |
