| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $220M | $238M | — | -7.5% | — |
| Op. Income | -$471M | -$382M | — | -23.2% | — |
| Gross Margin | -33.4% | -13.4% | — | -20.0pp | — |
| Net Margin | -219.7% | -162.6% | — | -57.1pp | — |
| EPS (Diluted) | $-0.47 | $-0.37 | — | -26.2% | — |
| Free Cash Flow | -$444M | -$704M | — | 36.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $220M |
| Cost of Revenue | $294M |
| GROSS PROFIT | -$74M |
| R&D Expenses | $190M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $208M |
| Other Expenses | $0 |
| Operating Expenses | $398M |
| Cost & Expenses | $692M |
| OPERATING INCOME | -$471M |
| Interest Income | $7M |
| Interest Expense | $14M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$480M |
| Income Tax Expense | $537.6K |
| Net Income from Continuing Ops | -$480M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$484M |
| Net Income Deductions | -$5M |
| BOTTOM LINE NET INCOME | -$484M |
| D&A | $0 |
| EBIT | -$465M |
| EBITDA | -$465M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$484M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $52M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$383M |
| Capital Expenditure | -$61M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $215M |
| NET CASH FROM INVESTING | $154M |
| Net Debt Issuance | -$160M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$157M |
| FREE CASH FLOW | -$444M |
| Net Change in Cash | $359M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $344M |
| Short-Term Investments | $149M |
| Net Receivables | $183M |
| Inventory | $203M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $1.2B |
| Goodwill | $0 |
| Intangible Assets | $31M |
| Long-Term Investments | $26M |
| Tax Assets | $1M |
| Other Non-Current Assets | $277M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $301M |
| Short-Term Debt | $259M |
| Deferred Revenue | $6M |
| Other Current Liabilities | -$6M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $952M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $357M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $265.6K |
| Additional Paid-In Capital | $5.9B |
| Retained Earnings | -$6.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$140M |
| Minority Interest | $4M |
| TOTAL EQUITY | -$137M |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $1.6B |
| Net Debt | $1.2B |
