| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $40M | $28M | $95M | 43.5% | -58.3% |
| Op. Income | -$100M | -$99M | -$24M | -1.7% | -317.3% |
| Gross Margin | 81.3% | 82.8% | 89.8% | -1.5pp | -8.5pp |
| Net Margin | -246.6% | -346.3% | -35.4% | 99.7pp | -211.2pp |
| EPS (Diluted) | $-8.55 | $-8.40 | $-3.15 | -1.8% | -171.4% |
| Free Cash Flow | -$126M | -$73M | -$83M | -72.4% | -52.5% |
| Item | Amount |
|---|---|
| REVENUE | $40M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $32M |
| R&D Expenses | $109M |
| Selling & Marketing | $0 |
| General & Administrative | $24M |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $133M |
| Cost & Expenses | $140M |
| OPERATING INCOME | -$100M |
| Interest Income | $12M |
| Interest Expense | $12M |
| Other Income/Expenses | $245.0K |
| INCOME BEFORE TAX | -$100M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$98M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$98M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$98M |
| D&A | $3M |
| EBIT | -$88M |
| EBITDA | -$85M |
| EPS | -$9 |
| EPS Diluted | -$9 |
| Item | Amount |
|---|---|
| Net Income | -$98M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$41M |
| OPERATING CASH FLOW | -$118M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$990M |
| Purchases of Investments | -$327M |
| Sales/Maturities of Investments | $423M |
| Other Investing Activities | $990M |
| NET CASH FROM INVESTING | $88M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$126M |
| Net Change in Cash | -$27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $195M |
| Short-Term Investments | $1.1B |
| Net Receivables | $43M |
| Inventory | $11M |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $49M |
| Goodwill | $77M |
| Intangible Assets | $0 |
| Long-Term Investments | $583M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $712M |
| TOTAL ASSETS | $2.2B |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $14M |
| Other Current Liabilities | $52M |
| TOTAL CURRENT LIABILITIES | $82M |
| Long-Term Debt | $247M |
| Deferred Revenue NC | $11M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $93M |
| TOTAL NON-CURRENT LIABILITIES | $351M |
| TOTAL LIABILITIES | $433M |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $247M |
| Net Debt | $52M |
