| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33M | $36M | $27M | -10.1% | 21.5% |
| Op. Income | -$18M | -$11M | -$15M | -58.8% | -16.9% |
| Gross Margin | 5.0% | 12.9% | 14.6% | -7.9pp | -9.6pp |
| Net Margin | -35.1% | -35.8% | -49.4% | 0.7pp | 14.3pp |
| EPS (Diluted) | $-0.32 | $-0.38 | $-0.39 | 15.8% | 17.9% |
| Free Cash Flow | -$15M | -$6M | -$27M | -142.9% | 43.9% |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $14M |
| General & Administrative | $3M |
| SG&A Expenses | $16M |
| Other Expenses | $17M |
| Operating Expenses | $19M |
| Cost & Expenses | $50M |
| OPERATING INCOME | -$18M |
| Interest Income | $0 |
| Interest Expense | $650.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $11M |
| EBIT | -$13M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $284.0K |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$510.0K |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | -$538.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $151.0K |
| NET CASH FROM FINANCING | -$387.0K |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $3M |
| Net Receivables | $939.0K |
| Inventory | $34M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $57M |
| PP&E (Net) | $425M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $117M |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $550M |
| TOTAL ASSETS | $607M |
| Account Payables | $27M |
| Short-Term Debt | $4M |
| Deferred Revenue | -$27M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $40M |
| Long-Term Debt | $45M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $32M |
| TOTAL NON-CURRENT LIABILITIES | $89M |
| TOTAL LIABILITIES | $130M |
| Common Stock | $1.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $478M |
| Minority Interest | $0 |
| TOTAL EQUITY | $478M |
| TOTAL LIABILITIES & EQUITY | $607M |
| Total Debt | $57M |
| Net Debt | $53M |
