| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $288M | $278M | $242M | 3.4% | 18.7% |
| Op. Income | $213M | -$82M | -$36M | 360.4% | 688.4% |
| Gross Margin | 51.5% | 52.4% | 35.6% | -0.9pp | 15.9pp |
| Net Margin | -14.9% | -32.3% | -17.0% | 17.4pp | 2.1pp |
| EPS (Diluted) | $-4.77 | $-10.05 | $-4.65 | 52.5% | -2.6% |
| Free Cash Flow | $42M | -$23M | $91M | 281.1% | -54.0% |
| Item | Amount |
|---|---|
| REVENUE | $288M |
| Cost of Revenue | $140M |
| GROSS PROFIT | $148M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $71M |
| SG&A Expenses | $71M |
| Other Expenses | -$152M |
| Operating Expenses | -$65M |
| Cost & Expenses | $74M |
| OPERATING INCOME | $213M |
| Interest Income | $4M |
| Interest Expense | $30M |
| Other Income/Expenses | -$252M |
| INCOME BEFORE TAX | -$38M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$43M |
| D&A | $6M |
| EBIT | $213M |
| EBITDA | $220M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$43M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $226.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$47M |
| Change in Working Capital | $138M |
| OPERATING CASH FLOW | $55M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$249M |
| Sales/Maturities of Investments | $151M |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | -$109M |
| Net Debt Issuance | $279M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$170M |
| NET CASH FROM FINANCING | $110M |
| FREE CASH FLOW | $42M |
| Net Change in Cash | $55M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $345M |
| Short-Term Investments | $0 |
| Net Receivables | $6.5B |
| Inventory | $0 |
| Other Current Assets | $59M |
| TOTAL CURRENT ASSETS | $8.0B |
| PP&E (Net) | $44M |
| Goodwill | $0 |
| Intangible Assets | $1.5B |
| Long-Term Investments | $2M |
| Tax Assets | $6M |
| Other Non-Current Assets | $454M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $10.0B |
| Account Payables | $63M |
| Short-Term Debt | $745M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $940M |
| Long-Term Debt | $7.4B |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $8.6B |
| TOTAL LIABILITIES | $9.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $556M |
| Retained Earnings | -$173M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $381M |
| Minority Interest | $0 |
| TOTAL EQUITY | $381M |
| TOTAL LIABILITIES & EQUITY | $10.0B |
| Total Debt | $8.2B |
| Net Debt | $7.9B |
