| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $42M | $29M | — | 44.7% | — |
| Op. Income | -$86M | -$97M | — | 11.5% | — |
| Gross Margin | 84.5% | -262.1% | — | 346.6pp | — |
| Net Margin | -192.4% | -314.0% | — | 121.7pp | — |
| EPS (Diluted) | $-0.27 | $-0.24 | — | -12.5% | — |
| Free Cash Flow | -$106M | -$82M | — | -29.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $42M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $35M |
| R&D Expenses | $109M |
| Selling & Marketing | $0 |
| General & Administrative | $19M |
| SG&A Expenses | $19M |
| Other Expenses | -$6M |
| Operating Expenses | $121M |
| Cost & Expenses | $128M |
| OPERATING INCOME | -$86M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$80M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$88M |
| D&A | $6M |
| EBIT | -$80M |
| EBITDA | -$74M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$80M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$572.0K |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | -$80M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$113M |
| Sales/Maturities of Investments | $255M |
| Other Investing Activities | $386.0K |
| NET CASH FROM INVESTING | $116M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $290.0K |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | -$106M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $167M |
| Short-Term Investments | $905M |
| Net Receivables | $12M |
| Inventory | $0 |
| Other Current Assets | $831.0K |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $206M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $150M |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $371M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $24M |
| Short-Term Debt | $0 |
| Deferred Revenue | $115M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $186M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $187M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $226M |
| TOTAL LIABILITIES | $413M |
| Common Stock | $30.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$874M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$922.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $27M |
| Net Debt | -$140M |
