| Metric | Q1 2012 | Q4 2011 | Q1 2011 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $81M | $81M | $51M | -0.7% | 58.3% |
| Op. Income | -$20M | -$17M | -$15M | -19.0% | -30.0% |
| Gross Margin | 91.4% | 91.8% | 91.5% | -0.3pp | -0.0pp |
| Net Margin | -25.0% | -10.1% | -13.2% | -15.0pp | -11.8pp |
| EPS (Diluted) | $-0.12 | $-0.05 | $-0.04 | -142.9% | -174.0% |
| Free Cash Flow | -$12M | -$224.0K | $689.0K | -5178.1% | -1816.0% |
| Item | Amount |
|---|---|
| REVENUE | $81M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $74M |
| R&D Expenses | $4M |
| Selling & Marketing | $23M |
| General & Administrative | $11M |
| SG&A Expenses | $34M |
| Other Expenses | $0 |
| Operating Expenses | $38M |
| Cost & Expenses | $45M |
| OPERATING INCOME | -$20M |
| Interest Income | $32.0K |
| Interest Expense | $124.0K |
| Other Income/Expenses | -$47.0K |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | -$6.0K |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $2M |
| EBIT | -$20M |
| EBITDA | -$19M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $20M |
| Other Non-Cash Items | -$20M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$18M |
| Sales/Maturities of Investments | $28M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | $564.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $45M |
| Short-Term Investments | $36M |
| Net Receivables | $71M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $154M |
| PP&E (Net) | $15M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $17M |
| TOTAL ASSETS | $172M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $22M |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $77M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $80M |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$122M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.0K |
| Other Equity | $213M |
| TOTAL STOCKHOLDERS' EQUITY | $92M |
| Minority Interest | $0 |
| TOTAL EQUITY | $92M |
| TOTAL LIABILITIES & EQUITY | $172M |
| Total Debt | $0 |
| Net Debt | -$45M |
