| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | $10M | $21M | 80.1% | -12.8% |
| Op. Income | -$38M | -$53M | -$35M | 28.4% | -8.4% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -248.2% | -318.1% | -165.1% | 69.9pp | -83.1pp |
| EPS (Diluted) | $-0.91 | $-0.65 | $-0.81 | -40.0% | -12.3% |
| Free Cash Flow | -$18M | -$49M | -$41M | 63.2% | 55.9% |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $18M |
| R&D Expenses | $45M |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | -$7M |
| Operating Expenses | $56M |
| Cost & Expenses | $56M |
| OPERATING INCOME | -$38M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$45M |
| Income Tax Expense | -$421.0K |
| Net Income from Continuing Ops | -$45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$45M |
| D&A | $3M |
| EBIT | -$38M |
| EBITDA | -$38M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$45M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$780.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$72M |
| Sales/Maturities of Investments | $66M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $37.0K |
| NET CASH FROM FINANCING | $37.0K |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $157M |
| Short-Term Investments | $98M |
| Net Receivables | $10M |
| Inventory | $0 |
| Other Current Assets | $295.0K |
| TOTAL CURRENT ASSETS | $276M |
| PP&E (Net) | $50M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $75M |
| TOTAL ASSETS | $351M |
| Account Payables | $3M |
| Short-Term Debt | $3M |
| Deferred Revenue | $24M |
| Other Current Liabilities | -$3M |
| TOTAL CURRENT LIABILITIES | $58M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $10M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $39M |
| TOTAL LIABILITIES | $96M |
| Common Stock | $489.0K |
| Additional Paid-In Capital | $866M |
| Retained Earnings | -$612M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $23.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $255M |
| Minority Interest | $0 |
| TOTAL EQUITY | $255M |
| TOTAL LIABILITIES & EQUITY | $351M |
| Total Debt | $32M |
| Net Debt | -$125M |
