| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $21M | $18M | — | 19.6% | — |
| Op. Income | -$60M | -$31M | — | -96.7% | — |
| Gross Margin | 100.0% | 100.0% | — | 0.0pp | — |
| Net Margin | -302.6% | -157.3% | — | -145.3pp | — |
| EPS (Diluted) | $-0.64 | $-0.28 | — | -128.6% | — |
| Free Cash Flow | -$99M | $20M | — | -594.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $21M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $21M |
| R&D Expenses | $66M |
| Selling & Marketing | $13M |
| General & Administrative | $2M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $82M |
| Cost & Expenses | $82M |
| OPERATING INCOME | -$60M |
| Interest Income | $5M |
| Interest Expense | $84.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$62M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$64M |
| D&A | $1M |
| EBIT | -$60M |
| EBITDA | -$59M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$64M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$27M |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | -$60M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $152M |
| NET CASH FROM INVESTING | $113M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$99M |
| Net Change in Cash | $47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $83M |
| Short-Term Investments | $76M |
| Net Receivables | $30M |
| Inventory | $1M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $207M |
| PP&E (Net) | $79M |
| Goodwill | $0 |
| Intangible Assets | $519.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $665.0K |
| TOTAL NON-CURRENT ASSETS | $81M |
| TOTAL ASSETS | $288M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $111M |
| TOTAL CURRENT LIABILITIES | $128M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $278M |
| TOTAL NON-CURRENT LIABILITIES | $283M |
| TOTAL LIABILITIES | $411M |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $4M |
| Retained Earnings | -$127M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $485.0K |
| Other Equity | $1 |
| TOTAL STOCKHOLDERS' EQUITY | -$123M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$123M |
| TOTAL LIABILITIES & EQUITY | $288M |
| Total Debt | $6M |
| Net Debt | -$77M |
