| Metric | Q4 2016 | Q3 2016 | Q4 2015 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $37M | $36M | — | 3.1% | — |
| Op. Income | -$32M | -$33M | — | 2.3% | — |
| Gross Margin | 82.4% | 80.6% | — | 1.7pp | — |
| Net Margin | -112.7% | -119.0% | — | 6.3pp | — |
| EPS (Diluted) | $-4.20 | $-4.80 | — | 12.5% | — |
| Free Cash Flow | -$55M | -$28M | — | -97.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $37M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $31M |
| R&D Expenses | $50M |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $63M |
| Cost & Expenses | $70M |
| OPERATING INCOME | -$32M |
| Interest Income | $721.0K |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | -$42M |
| Income Tax Expense | $443.0K |
| Net Income from Continuing Ops | -$42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$42M |
| D&A | $4M |
| EBIT | -$31M |
| EBITDA | -$28M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$42M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | -$52M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$192M |
| Sales/Maturities of Investments | $52M |
| Other Investing Activities | -$139M |
| NET CASH FROM INVESTING | -$142M |
| Net Debt Issuance | -$569.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $191M |
| FREE CASH FLOW | -$55M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $60M |
| Short-Term Investments | $329M |
| Net Receivables | $16M |
| Inventory | $11M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $426M |
| PP&E (Net) | $66M |
| Goodwill | $77M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $517.0K |
| TOTAL NON-CURRENT ASSETS | $143M |
| TOTAL ASSETS | $569M |
| Account Payables | $3M |
| Short-Term Debt | $3M |
| Deferred Revenue | $14M |
| Other Current Liabilities | $32M |
| TOTAL CURRENT LIABILITIES | $72M |
| Long-Term Debt | $243M |
| Deferred Revenue NC | $52M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $111M |
| TOTAL NON-CURRENT LIABILITIES | $409M |
| TOTAL LIABILITIES | $481M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $88M |
| Minority Interest | $0 |
| TOTAL EQUITY | $88M |
| TOTAL LIABILITIES & EQUITY | $569M |
| Total Debt | $249M |
| Net Debt | $189M |
