Q1 2016 Earnings

Reported March 30, 2016

Quarter Comparison

Revenue

Operating Income

EPS (Diluted)

Free Cash Flow

Metric	Q1 2016	Q4 2015	Q1 2015	QoQ Change	YoY Change
Revenue	$0	—	—	—	—
Op. Income	-$5M	—	—	—	—
EPS (Diluted)	$-3.01	—	—	—	—
Free Cash Flow	-$4M	—	—	—	—

Income Statement

Item	Amount
REVENUE	$0
Cost of Revenue	$0
GROSS PROFIT	$0
R&D Expenses	$4M
Selling & Marketing	$0
General & Administrative	$1M
SG&A Expenses	$1M
Other Expenses	$0
Operating Expenses	$5M
Cost & Expenses	$5M
OPERATING INCOME	-$5M
Interest Income	$0
Interest Expense	$113.0K
Other Income/Expenses	-$4.0K
INCOME BEFORE TAX	-$5M
Income Tax Expense	$0
Net Income from Continuing Ops	-$5M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$5M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$5M
D&A	$0
EBIT	-$5M
EBITDA	-$5M
EPS	-$3
EPS Diluted	-$3

Cash Flow Statement

Item	Amount
Net Income	-$5M
Depreciation & Amortization	$0
Stock-Based Compensation	$9.0K
Deferred Income Tax	$0
Other Non-Cash Items	$113.0K
Change in Working Capital	$892.0K
OPERATING CASH FLOW	-$4M
Capital Expenditure	-$30.0K
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$30.0K
Net Debt Issuance	$7M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$7M
FREE CASH FLOW	-$4M
Net Change in Cash	$3M