| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34M | $39M | $50M | -13.5% | -32.2% |
| Op. Income | -$9M | -$27M | -$8M | 66.8% | -11.0% |
| Gross Margin | 22.9% | -27.2% | 23.1% | 50.0pp | -0.2pp |
| Net Margin | -22.9% | -66.2% | -16.9% | 43.4pp | -6.0pp |
| EPS (Diluted) | $-0.85 | $-2.86 | $-0.93 | 70.3% | 8.6% |
| Free Cash Flow | -$12M | -$13M | -$9M | 10.4% | -36.4% |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $8M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $2M |
| Operating Expenses | $17M |
| Cost & Expenses | $43M |
| OPERATING INCOME | -$9M |
| Interest Income | $700.0K |
| Interest Expense | $1M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $2M |
| EBIT | -$7M |
| EBITDA | -$5M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $300.0K |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $100.0K |
| NET CASH FROM INVESTING | $100.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $125M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $129M |
| Other Current Assets | $130M |
| TOTAL CURRENT ASSETS | $417M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $78M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $89M |
| TOTAL ASSETS | $506M |
| Account Payables | $47M |
| Short-Term Debt | $39M |
| Deferred Revenue | $176M |
| Other Current Liabilities | $70M |
| TOTAL CURRENT LIABILITIES | $346M |
| Long-Term Debt | $120M |
| Deferred Revenue NC | $15M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $302M |
| TOTAL NON-CURRENT LIABILITIES | $437M |
| TOTAL LIABILITIES | $784M |
| Common Stock | $900.0K |
| Additional Paid-In Capital | $60M |
| Retained Earnings | -$343M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$278M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$278M |
| TOTAL LIABILITIES & EQUITY | $506M |
| Total Debt | $159M |
| Net Debt | $34M |
