| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $13M | $9M | -43.9% | -22.4% |
| Op. Income | -$17M | -$11M | -$22M | -57.0% | 22.6% |
| Gross Margin | -160.5% | -42.9% | -161.5% | -117.6pp | 0.9pp |
| Net Margin | -233.4% | -85.9% | -242.4% | -147.5pp | 9.0pp |
| EPS (Diluted) | $-4.69 | $-4.77 | $-10.76 | 1.6% | 56.4% |
| Free Cash Flow | -$18M | -$12M | -$24M | -51.8% | 21.8% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $18M |
| GROSS PROFIT | -$11M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $439.0K |
| Operating Expenses | $24M |
| Cost & Expenses | $24M |
| OPERATING INCOME | -$17M |
| Interest Income | $335.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $774.0K |
| 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 | -$16M |
| D&A | $2M |
| EBIT | -$16M |
| EBITDA | -$15M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $499.0K |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$18M |
| Capital Expenditure | -$125.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$34M |
| Sales/Maturities of Investments | $8.0K |
| Other Investing Activities | -$34M |
| NET CASH FROM INVESTING | -$35M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$118.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $114.0K |
| NET CASH FROM FINANCING | -$118.0K |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $49M |
| Short-Term Investments | $34M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $90M |
| PP&E (Net) | $33M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $114.0K |
| TOTAL NON-CURRENT ASSETS | $35M |
| TOTAL ASSETS | $124M |
| Account Payables | $4M |
| Short-Term Debt | $4M |
| Deferred Revenue | $23M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $42M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $97M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $664.0K |
| TOTAL NON-CURRENT LIABILITIES | $114M |
| TOTAL LIABILITIES | $156M |
| Common Stock | $70.0K |
| Additional Paid-In Capital | $409M |
| Retained Earnings | -$441M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $7.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$32M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$32M |
| TOTAL LIABILITIES & EQUITY | $124M |
| Total Debt | $21M |
| Net Debt | -$28M |
