| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $278M | $308M | $257M | -9.8% | 8.3% |
| Op. Income | -$82M | $24M | -$25M | -441.7% | -232.9% |
| Gross Margin | 52.4% | 57.6% | 32.3% | -5.2pp | 20.1pp |
| Net Margin | -32.3% | -14.4% | -11.6% | -17.8pp | -20.6pp |
| EPS (Diluted) | $-10.05 | $-4.95 | $-3.30 | -103.0% | -204.5% |
| Free Cash Flow | -$23M | $51M | $94M | -145.1% | -124.8% |
| Item | Amount |
|---|---|
| REVENUE | $278M |
| Cost of Revenue | $132M |
| GROSS PROFIT | $146M |
| R&D Expenses | $20M |
| Selling & Marketing | $0 |
| General & Administrative | $76M |
| SG&A Expenses | $76M |
| Other Expenses | $132M |
| Operating Expenses | $228M |
| Cost & Expenses | $360M |
| OPERATING INCOME | -$82M |
| Interest Income | $4M |
| Interest Expense | $29M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$84M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$90M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$90M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$90M |
| D&A | $11M |
| EBIT | -$82M |
| EBITDA | -$71M |
| EPS | -$10 |
| EPS Diluted | -$10 |
| Item | Amount |
|---|---|
| Net Income | -$90M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $807.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $92M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | $28M |
| Capital Expenditure | -$51M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$218M |
| Sales/Maturities of Investments | $128M |
| Other Investing Activities | -$46M |
| NET CASH FROM INVESTING | -$136M |
| Net Debt Issuance | $131M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$566.0K |
| NET CASH FROM FINANCING | $130M |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $288M |
| Short-Term Investments | $0 |
| Net Receivables | $6.3B |
| Inventory | $0 |
| Other Current Assets | $61M |
| TOTAL CURRENT ASSETS | $7.8B |
| PP&E (Net) | $58M |
| Goodwill | $0 |
| Intangible Assets | $1.3B |
| Long-Term Investments | $2M |
| Tax Assets | $6M |
| Other Non-Current Assets | $472M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $9.6B |
| Account Payables | $47M |
| Short-Term Debt | $528M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $717M |
| Long-Term Debt | $7.4B |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $998M |
| TOTAL NON-CURRENT LIABILITIES | $8.5B |
| TOTAL LIABILITIES | $9.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $556M |
| Retained Earnings | -$131M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $423M |
| Minority Interest | $0 |
| TOTAL EQUITY | $423M |
| TOTAL LIABILITIES & EQUITY | $9.6B |
| Total Debt | $8.0B |
| Net Debt | $7.7B |
