| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $268M | $220M | $215M | 21.8% | 25.0% |
| Op. Income | -$352M | -$471M | -$411M | 25.3% | 14.3% |
| Gross Margin | -12.1% | -33.4% | -7.9% | 21.4pp | -4.1pp |
| Net Margin | -139.0% | -219.7% | -192.8% | 80.6pp | 53.8pp |
| EPS (Diluted) | $-0.36 | $-0.47 | $-0.65 | 23.2% | 43.9% |
| Free Cash Flow | -$275M | -$444M | -$359M | 38.0% | 23.3% |
| Item | Amount |
|---|---|
| REVENUE | $268M |
| Cost of Revenue | $301M |
| GROSS PROFIT | -$32M |
| R&D Expenses | $150M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $170M |
| Other Expenses | $0 |
| Operating Expenses | $320M |
| Cost & Expenses | $620M |
| OPERATING INCOME | -$352M |
| Interest Income | $4M |
| Interest Expense | $15M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | -$368M |
| Income Tax Expense | $78.3K |
| Net Income from Continuing Ops | -$368M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$373M |
| Net Income Deductions | -$5M |
| BOTTOM LINE NET INCOME | -$373M |
| D&A | $0 |
| EBIT | -$353M |
| EBITDA | -$353M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$373M |
| Depreciation & Amortization | $59M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $185M |
| Change in Working Capital | -$117M |
| OPERATING CASH FLOW | -$236M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $31M |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $56M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $59M |
| FREE CASH FLOW | -$275M |
| Net Change in Cash | -$923M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $143M |
| Short-Term Investments | $117M |
| Net Receivables | $186M |
| Inventory | $265M |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $1.1B |
| Goodwill | $0 |
| Intangible Assets | $31M |
| Long-Term Investments | $22M |
| Tax Assets | $1M |
| Other Non-Current Assets | $284M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $466M |
| Short-Term Debt | $264M |
| Deferred Revenue | $5M |
| Other Current Liabilities | -$5M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $376M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $266.5K |
| Additional Paid-In Capital | $5.9B |
| Retained Earnings | -$6.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$43M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$520M |
| Minority Interest | $4M |
| TOTAL EQUITY | -$516M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $1.6B |
| Net Debt | $1.5B |
