| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $108M | $128M | $138M | -15.7% | -21.4% |
| Op. Income | -$51M | -$27M | -$42M | -87.9% | -22.3% |
| Gross Margin | 18.6% | 35.4% | 25.4% | -16.8pp | -6.9pp |
| Net Margin | -299.8% | -36.0% | -62.0% | -263.8pp | -237.8pp |
| EPS (Diluted) | $-4.92 | $-0.71 | $-1.32 | -593.0% | -272.7% |
| Free Cash Flow | -$8M | $13M | -$13M | -161.2% | 38.6% |
| Item | Amount |
|---|---|
| REVENUE | $108M |
| Cost of Revenue | $88M |
| GROSS PROFIT | $20M |
| R&D Expenses | $43M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $28M |
| Other Expenses | $0 |
| Operating Expenses | $71M |
| Cost & Expenses | $159M |
| OPERATING INCOME | -$51M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$275M |
| INCOME BEFORE TAX | -$326M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$325M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$325M |
| Net Income Deductions | $2M |
| BOTTOM LINE NET INCOME | -$327M |
| D&A | $29M |
| EBIT | -$317M |
| EBITDA | -$288M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$325M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $13.0K |
| Other Non-Cash Items | $262M |
| Change in Working Capital | $32M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$276.0K |
| Sales/Maturities of Investments | $69M |
| Other Investing Activities | -$69M |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$446.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $755.0K |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $85M |
| Short-Term Investments | $101M |
| Net Receivables | $85M |
| Inventory | $111M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $413M |
| PP&E (Net) | $139M |
| Goodwill | $315M |
| Intangible Assets | $194M |
| Long-Term Investments | $27M |
| Tax Assets | $2M |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $691M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $39M |
| Short-Term Debt | $7M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $95M |
| Long-Term Debt | $656M |
| Deferred Revenue NC | $8M |
| Deferred Tax Liabilities | $455.0K |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $711M |
| TOTAL LIABILITIES | $805M |
| Common Stock | $66.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$802M |
| Treasury Stock | -$330.0K |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $299M |
| Minority Interest | $0 |
| TOTAL EQUITY | $299M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $693M |
| Net Debt | $608M |
