| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $4M | $0 | 93.8% | — |
| Op. Income | -$5M | -$11M | -$20M | 50.1% | 73.0% |
| Gross Margin | 100.0% | 100.0% | — | 0.0pp | — |
| Net Margin | -78.9% | -292.0% | — | 213.0pp | — |
| EPS (Diluted) | $-0.15 | $-0.30 | $-0.73 | 50.0% | 79.5% |
| Free Cash Flow | -$27M | -$20M | -$20M | -30.8% | -31.3% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $7M |
| R&D Expenses | -$2M |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $12M |
| Cost & Expenses | $12M |
| OPERATING INCOME | -$5M |
| Interest Income | $329.9K |
| Interest Expense | $20.3K |
| Other Income/Expenses | $392.3K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $430.1K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $669.5K |
| EBIT | -$5M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $669.5K |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $430.1K |
| Other Non-Cash Items | -$70.0K |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | -$22M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$389.7K |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$6.9K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $474.9K |
| NET CASH FROM FINANCING | $468.0K |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $227M |
| Short-Term Investments | $0 |
| Net Receivables | $37M |
| Inventory | $0 |
| Other Current Assets | $170.6K |
| TOTAL CURRENT ASSETS | $269M |
| PP&E (Net) | $53M |
| Goodwill | $0 |
| Intangible Assets | $777.7K |
| Long-Term Investments | $123.4K |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $55M |
| TOTAL ASSETS | $324M |
| Account Payables | $4M |
| Short-Term Debt | $2M |
| Deferred Revenue | $26M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $61M |
| Deferred Tax Liabilities | $195.1K |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $84M |
| TOTAL LIABILITIES | $133M |
| Common Stock | $1.4K |
| Additional Paid-In Capital | $396M |
| Retained Earnings | -$203M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $191M |
| Minority Interest | $0 |
| TOTAL EQUITY | $191M |
| TOTAL LIABILITIES & EQUITY | $324M |
| Total Debt | $23M |
| Net Debt | -$204M |
