Q4 2016 Earnings

Reported December 31, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q4 2016	Q3 2016	Q4 2015	QoQ Change	YoY Change
Revenue	$303.2K	$452.0K	$0	-32.9%	—
Op. Income	-$3M	-$3M	-$3M	-11.8%	-12.4%
Gross Margin	-121.4%	-67.0%	—	-54.3pp	—
Net Margin	-1096.3%	-823.7%	—	-272.6pp	—
EPS (Diluted)	$-0.06	$-0.05	$-0.05	-11.0%	-11.0%

Income Statement

Item	Amount
REVENUE	$303.2K
Cost of Revenue	$671.0K
GROSS PROFIT	-$368.0K
R&D Expenses	$98.8K
Selling & Marketing	$187.0K
General & Administrative	$1M
SG&A Expenses	$3M
Other Expenses	$0
Operating Expenses	$3M
Cost & Expenses	$3M
OPERATING INCOME	-$3M
Interest Income	$0
Interest Expense	$322.0K
Other Income/Expenses	-$280.0K
INCOME BEFORE TAX	-$3M
Income Tax Expense	$0
Net Income from Continuing Ops	-$3M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$3M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$3M
D&A	$138.2K
EBIT	-$3M
EBITDA	-$3M
EPS	-$0
EPS Diluted	-$0