| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28M | $40M | $38M | -29.1% | -25.8% |
| Op. Income | -$121M | -$100M | -$87M | -20.3% | -39.1% |
| Gross Margin | 80.7% | 81.3% | 82.5% | -0.5pp | -1.8pp |
| Net Margin | -419.9% | -246.6% | -252.0% | -173.3pp | -168.0pp |
| EPS (Diluted) | $-10.20 | $-8.55 | $-9.00 | -19.3% | -13.3% |
| Free Cash Flow | -$87M | -$126M | -$53M | 31.4% | -61.9% |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $23M |
| R&D Expenses | $118M |
| Selling & Marketing | $0 |
| General & Administrative | $25M |
| SG&A Expenses | $25M |
| Other Expenses | $0 |
| Operating Expenses | $143M |
| Cost & Expenses | $149M |
| OPERATING INCOME | -$121M |
| Interest Income | $12M |
| Interest Expense | $11M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$119M |
| Income Tax Expense | -$983.0K |
| Net Income from Continuing Ops | -$119M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$119M |
| Net Income Deductions | $1M |
| BOTTOM LINE NET INCOME | -$120M |
| D&A | $3M |
| EBIT | -$108M |
| EBITDA | -$105M |
| EPS | -$10 |
| EPS Diluted | -$10 |
| Item | Amount |
|---|---|
| Net Income | -$119M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | -$81M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$369M |
| Sales/Maturities of Investments | $362M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$87M |
| Net Change in Cash | -$88M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $107M |
| Short-Term Investments | $1.3B |
| Net Receivables | $43M |
| Inventory | $12M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $142M |
| Goodwill | $77M |
| Intangible Assets | $0 |
| Long-Term Investments | $456M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $676M |
| TOTAL ASSETS | $2.2B |
| Account Payables | $11M |
| Short-Term Debt | $2M |
| Deferred Revenue | $11M |
| Other Current Liabilities | $56M |
| TOTAL CURRENT LIABILITIES | $100M |
| Long-Term Debt | $247M |
| Deferred Revenue NC | $9M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $82M |
| TOTAL NON-CURRENT LIABILITIES | $433M |
| TOTAL LIABILITIES | $533M |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $344M |
| Net Debt | $237M |
