| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $7M | $5M | 71.2% | 171.7% |
| Op. Income | -$11M | -$25M | -$28M | 55.4% | 61.1% |
| Gross Margin | -42.9% | -212.6% | -421.5% | 169.7pp | 378.6pp |
| Net Margin | -85.9% | -332.4% | -602.5% | 246.5pp | 516.6pp |
| EPS (Diluted) | $-4.77 | $-11.86 | $-13.60 | 59.8% | 65.0% |
| Free Cash Flow | -$12M | -$33M | -$26M | 62.9% | 54.0% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $18M |
| GROSS PROFIT | -$5M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $23M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$11M |
| Interest Income | $189.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $189.0K |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $1M |
| EBIT | -$11M |
| EBITDA | -$9M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$341.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$341.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $61M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | $49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $102M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $109M |
| PP&E (Net) | $36M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $114.0K |
| TOTAL NON-CURRENT ASSETS | $37M |
| TOTAL ASSETS | $146M |
| Account Payables | $5M |
| Short-Term Debt | $4M |
| Deferred Revenue | $23M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $43M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $102M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $659.0K |
| TOTAL NON-CURRENT LIABILITIES | $121M |
| TOTAL LIABILITIES | $164M |
| Common Stock | $70.0K |
| Additional Paid-In Capital | $406M |
| Retained Earnings | -$424M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$18M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$18M |
| TOTAL LIABILITIES & EQUITY | $146M |
| Total Debt | $22M |
| Net Debt | -$80M |
