| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $242M | $257M | $295M | -5.7% | -18.0% |
| Op. Income | -$36M | -$25M | -$25M | -47.3% | -42.4% |
| Gross Margin | 35.6% | 32.3% | 35.6% | 3.3pp | -0.1pp |
| Net Margin | -17.0% | -11.6% | -2.1% | -5.4pp | -14.9pp |
| EPS (Diluted) | $-4.65 | $-3.30 | $-0.75 | -40.9% | -520.0% |
| Free Cash Flow | $91M | $94M | $123M | -2.6% | -25.5% |
| Item | Amount |
|---|---|
| REVENUE | $242M |
| Cost of Revenue | $156M |
| GROSS PROFIT | $86M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $73M |
| SG&A Expenses | $73M |
| Other Expenses | $29M |
| Operating Expenses | $122M |
| Cost & Expenses | $279M |
| OPERATING INCOME | -$36M |
| Interest Income | $4M |
| Interest Expense | $61M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | $845.0K |
| Net Income from Continuing Ops | -$41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$41M |
| D&A | $6M |
| EBIT | -$36M |
| EBITDA | -$31M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$41M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $472.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $123M |
| OPERATING CASH FLOW | $95M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$224M |
| Sales/Maturities of Investments | $111M |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | -$106M |
| Net Debt Issuance | $35M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $35M |
| FREE CASH FLOW | $91M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $255M |
| Short-Term Investments | $0 |
| Net Receivables | $156M |
| Inventory | $5.5B |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $7.1B |
| PP&E (Net) | $26M |
| Goodwill | $0 |
| Intangible Assets | $999M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $326M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $8.5B |
| Account Payables | $47M |
| Short-Term Debt | $136M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $316M |
| Long-Term Debt | $6.9B |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $701M |
| TOTAL NON-CURRENT LIABILITIES | $7.6B |
| TOTAL LIABILITIES | $7.9B |
| Common Stock | $1M |
| Additional Paid-In Capital | $553M |
| Retained Earnings | $6M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $560M |
| Minority Interest | $1M |
| TOTAL EQUITY | $561M |
| TOTAL LIABILITIES & EQUITY | $8.5B |
| Total Debt | $7.0B |
| Net Debt | $6.8B |
