| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $39M | $39M | -72.6% | -73.1% |
| Op. Income | -$15M | -$21M | -$27M | 26.4% | 44.2% |
| Gross Margin | -40.6% | -14.2% | -27.2% | -26.4pp | -13.4pp |
| Net Margin | -147.2% | -54.0% | -66.2% | -93.2pp | -80.9pp |
| EPS (Diluted) | $-1.63 | $-2.19 | $-2.86 | 25.6% | 43.0% |
| Free Cash Flow | -$13M | -$32M | -$13M | 58.6% | 1.5% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $15M |
| GROSS PROFIT | -$4M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | -$2M |
| Operating Expenses | $14M |
| Cost & Expenses | $29M |
| OPERATING INCOME | -$15M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$300.0K |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $1M |
| EBIT | -$15M |
| EBITDA | -$13M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $500.0K |
| NET CASH FROM INVESTING | $500.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $88M |
| Short-Term Investments | $0 |
| Net Receivables | $30M |
| Inventory | $142M |
| Other Current Assets | $146M |
| TOTAL CURRENT ASSETS | $424M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $74M |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $91M |
| TOTAL ASSETS | $515M |
| Account Payables | $38M |
| Short-Term Debt | $34M |
| Deferred Revenue | $267M |
| Other Current Liabilities | $59M |
| TOTAL CURRENT LIABILITIES | $413M |
| Long-Term Debt | $117M |
| Deferred Revenue NC | $29M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $315M |
| TOTAL NON-CURRENT LIABILITIES | $461M |
| TOTAL LIABILITIES | $874M |
| Common Stock | $900.0K |
| Additional Paid-In Capital | $61M |
| Retained Earnings | -$425M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$100.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$358M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$358M |
| TOTAL LIABILITIES & EQUITY | $515M |
| Total Debt | $160M |
| Net Debt | $72M |
