| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16M | $21M | $154M | -20.2% | -89.3% |
| Op. Income | -$42M | -$35M | $105M | -19.1% | -139.7% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -271.4% | -165.1% | 68.5% | -106.3pp | -339.9pp |
| EPS (Diluted) | $-0.98 | $-0.81 | $2.86 | -21.0% | -134.3% |
| Free Cash Flow | -$28M | -$41M | $101M | 32.2% | -127.6% |
| Item | Amount |
|---|---|
| REVENUE | $16M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $16M |
| R&D Expenses | $47M |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | -$3M |
| Operating Expenses | $58M |
| Cost & Expenses | $58M |
| OPERATING INCOME | -$42M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$45M |
| Income Tax Expense | $0 |
| 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 | -$42M |
| EBITDA | -$39M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$45M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | -$27M |
| Capital Expenditure | -$715.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $59M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $45M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $735.0K |
| NET CASH FROM FINANCING | $475.0K |
| FREE CASH FLOW | -$28M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $220M |
| Short-Term Investments | $13M |
| Net Receivables | $30M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $269M |
| PP&E (Net) | $57M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $63M |
| TOTAL ASSETS | $332M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $22M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $60M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $19M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $89M |
| Common Stock | $424.0K |
| Additional Paid-In Capital | $733M |
| Retained Earnings | -$490M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $243M |
| Minority Interest | $0 |
| TOTAL EQUITY | $243M |
| TOTAL LIABILITIES & EQUITY | $332M |
| Total Debt | $0 |
| Net Debt | -$220M |
