| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25M | $16M | $22M | 49.9% | 14.1% |
| Op. Income | -$24M | -$30M | -$22M | 19.1% | -12.1% |
| Gross Margin | 39.0% | 31.2% | 41.1% | 7.9pp | -2.0pp |
| Net Margin | -99.9% | -184.6% | -104.5% | 84.7pp | 4.6pp |
| EPS (Diluted) | $-0.16 | $-0.20 | $-0.17 | 20.0% | 5.9% |
| Free Cash Flow | -$18M | -$27M | -$16M | 31.6% | -14.6% |
| Item | Amount |
|---|---|
| REVENUE | $25M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $10M |
| R&D Expenses | $15M |
| Selling & Marketing | $0 |
| General & Administrative | $19M |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $34M |
| Cost & Expenses | $49M |
| OPERATING INCOME | -$24M |
| Interest Income | $0 |
| Interest Expense | $644.0K |
| Other Income/Expenses | -$216.0K |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $2M |
| EBIT | -$24M |
| EBITDA | -$22M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$261.0K |
| Other Non-Cash Items | $295.0K |
| Change in Working Capital | $488.0K |
| OPERATING CASH FLOW | -$18M |
| Capital Expenditure | -$613.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | $28M |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $36M |
| Net Receivables | $12M |
| Inventory | $17M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $99M |
| PP&E (Net) | $68M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $72M |
| TOTAL ASSETS | $171M |
| Account Payables | $8M |
| Short-Term Debt | $19M |
| Deferred Revenue | $7M |
| Other Current Liabilities | -$2M |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $45M |
| TOTAL LIABILITIES | $95M |
| Common Stock | $153.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $17.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $76M |
| Minority Interest | $0 |
| TOTAL EQUITY | $76M |
| TOTAL LIABILITIES & EQUITY | $171M |
| Total Debt | $63M |
| Net Debt | $32M |
