| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $7M | $11M | 8.4% | -28.3% |
| Op. Income | -$19M | -$17M | -$22M | -11.7% | 11.4% |
| Gross Margin | -175.9% | -160.5% | -133.0% | -15.4pp | -42.9pp |
| Net Margin | -246.4% | -233.4% | -200.3% | -13.0pp | -46.1pp |
| EPS (Diluted) | $-5.35 | $-4.69 | $-10.40 | -14.1% | 48.5% |
| Free Cash Flow | -$15M | -$18M | $13M | 20.2% | -214.3% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $21M |
| GROSS PROFIT | -$13M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | -$21M |
| Operating Expenses | $6M |
| Cost & Expenses | $27M |
| OPERATING INCOME | -$19M |
| Interest Income | $289.0K |
| Interest Expense | $502.0K |
| Other Income/Expenses | $414.0K |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $2M |
| EBIT | -$19M |
| EBITDA | -$17M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$57.0K |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$230.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$12M |
| Sales/Maturities of Investments | $17M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | $25M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $26M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $65M |
| Short-Term Investments | $30M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $100M |
| PP&E (Net) | $31M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $32M |
| TOTAL ASSETS | $132M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $26M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $46M |
| Long-Term Debt | $25M |
| Deferred Revenue NC | $94M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $502.0K |
| TOTAL NON-CURRENT LIABILITIES | $135M |
| TOTAL LIABILITIES | $181M |
| Common Stock | $70.0K |
| Additional Paid-In Capital | $411M |
| Retained Earnings | -$460M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$48M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$48M |
| TOTAL LIABILITIES & EQUITY | $132M |
| Total Debt | $45M |
| Net Debt | -$20M |
