| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | $9M | $19M | 5.2% | -46.2% |
| Op. Income | -$53M | -$48M | -$44M | -11.2% | -19.5% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -318.1% | -474.0% | -233.1% | 155.9pp | -85.0pp |
| EPS (Diluted) | $-0.65 | $-0.99 | $-1.03 | 34.3% | 36.9% |
| Free Cash Flow | -$49M | -$32M | -$63M | -56.0% | 21.8% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $10M |
| R&D Expenses | $51M |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $63M |
| Cost & Expenses | $63M |
| OPERATING INCOME | -$53M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | -$32M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $3M |
| EBIT | -$53M |
| EBITDA | -$53M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | -$49M |
| Capital Expenditure | -$587.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$61M |
| Sales/Maturities of Investments | $51M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $633.0K |
| NET CASH FROM FINANCING | $633.0K |
| FREE CASH FLOW | -$49M |
| Net Change in Cash | -$58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $180M |
| Short-Term Investments | $92M |
| Net Receivables | $6M |
| Inventory | $0 |
| Other Current Assets | $232.0K |
| TOTAL CURRENT ASSETS | $288M |
| PP&E (Net) | $52M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $96M |
| TOTAL ASSETS | $384M |
| Account Payables | $857.0K |
| Short-Term Debt | $4M |
| Deferred Revenue | $14M |
| Other Current Liabilities | -$3M |
| TOTAL CURRENT LIABILITIES | $50M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $15M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $40M |
| TOTAL LIABILITIES | $89M |
| Common Stock | $489.0K |
| Additional Paid-In Capital | $861M |
| Retained Earnings | -$567M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $34.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $294M |
| Minority Interest | $0 |
| TOTAL EQUITY | $294M |
| TOTAL LIABILITIES & EQUITY | $384M |
| Total Debt | $28M |
| Net Debt | -$152M |
