| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25M | $18M | $16M | 40.1% | 53.1% |
| Op. Income | -$39M | -$38M | -$42M | -1.9% | 7.3% |
| Gross Margin | -106.2% | 100.0% | 100.0% | -206.2pp | -206.2pp |
| Net Margin | -120.7% | -248.2% | -271.4% | 127.5pp | 150.7pp |
| EPS (Diluted) | $-0.62 | $-0.91 | $-0.98 | 31.9% | 36.7% |
| Free Cash Flow | -$39M | -$18M | -$28M | -116.3% | -40.6% |
| Item | Amount |
|---|---|
| REVENUE | $25M |
| Cost of Revenue | $52M |
| GROSS PROFIT | -$27M |
| R&D Expenses | $56M |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | -$56M |
| Operating Expenses | $12M |
| Cost & Expenses | $64M |
| OPERATING INCOME | -$39M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $3M |
| EBIT | -$39M |
| EBITDA | -$36M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | -$38M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$50M |
| Sales/Maturities of Investments | $59M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $297.0K |
| NET CASH FROM FINANCING | $297.0K |
| FREE CASH FLOW | -$39M |
| Net Change in Cash | -$30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $126M |
| Short-Term Investments | $89M |
| Net Receivables | $13M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $240M |
| PP&E (Net) | $68M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $73M |
| TOTAL ASSETS | $313M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $45M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $37M |
| TOTAL LIABILITIES | $82M |
| Common Stock | $490.0K |
| Additional Paid-In Capital | $872M |
| Retained Earnings | -$642M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $16.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $231M |
| Minority Interest | $0 |
| TOTAL EQUITY | $231M |
| TOTAL LIABILITIES & EQUITY | $313M |
| Total Debt | $31M |
| Net Debt | -$96M |
