| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $42M | $92M | -15.2% | -61.5% |
| Op. Income | -$153M | -$86M | -$42M | -78.3% | -265.9% |
| Gross Margin | 79.2% | 84.5% | 93.6% | -5.2pp | -14.3pp |
| Net Margin | -399.3% | -192.4% | -41.3% | -206.9pp | -358.0pp |
| EPS (Diluted) | $-0.44 | $-0.27 | $-0.13 | -63.0% | -238.5% |
| Free Cash Flow | -$105M | -$106M | -$115M | 1.6% | 8.9% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $28M |
| R&D Expenses | $150M |
| Selling & Marketing | $0 |
| General & Administrative | $38M |
| SG&A Expenses | $38M |
| Other Expenses | -$7M |
| Operating Expenses | $181M |
| Cost & Expenses | $188M |
| OPERATING INCOME | -$153M |
| Interest Income | $9M |
| Interest Expense | $2M |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | -$141M |
| Income Tax Expense | $168.0K |
| Net Income from Continuing Ops | -$141M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$141M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$144M |
| D&A | $7M |
| EBIT | -$140M |
| EBITDA | -$132M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$141M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $128.0K |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | -$91M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$277M |
| Sales/Maturities of Investments | $296M |
| Other Investing Activities | $236.0K |
| NET CASH FROM INVESTING | $6M |
| Net Debt Issuance | $12M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $576M |
| FREE CASH FLOW | -$105M |
| Net Change in Cash | $491M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $658M |
| Short-Term Investments | $863M |
| Net Receivables | $31M |
| Inventory | $0 |
| Other Current Assets | $595.0K |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $212M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $173M |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $399M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $31M |
| Short-Term Debt | $0 |
| Deferred Revenue | $109M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $223M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $165M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $209M |
| TOTAL LIABILITIES | $432M |
| Common Stock | $33.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $33M |
| Net Debt | -$625M |
