| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22M | $25M | $18M | -11.0% | 20.7% |
| Op. Income | -$28M | -$24M | -$25M | -15.3% | -14.0% |
| Gross Margin | 31.5% | 39.0% | 17.6% | -7.5pp | 14.0pp |
| Net Margin | -132.9% | -99.9% | -137.9% | -33.0pp | 5.0pp |
| EPS (Diluted) | $-0.19 | $-0.16 | $-0.19 | -18.8% | 0.0% |
| Free Cash Flow | -$18M | -$18M | -$14M | 0.5% | -26.8% |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $7M |
| R&D Expenses | $15M |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | -$345.0K |
| Operating Expenses | $35M |
| Cost & Expenses | $50M |
| OPERATING INCOME | -$28M |
| Interest Income | $0 |
| Interest Expense | $664.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$29M |
| D&A | $3M |
| EBIT | -$28M |
| EBITDA | -$26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$29M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $313.0K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$829.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $26M |
| Other Investing Activities | $20M |
| NET CASH FROM INVESTING | $20M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $327.0K |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $33M |
| Short-Term Investments | $16M |
| Net Receivables | $10M |
| Inventory | $15M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $77M |
| PP&E (Net) | $65M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $69M |
| TOTAL ASSETS | $146M |
| Account Payables | $8M |
| Short-Term Debt | $19M |
| Deferred Revenue | $6M |
| Other Current Liabilities | -$3M |
| TOTAL CURRENT LIABILITIES | $51M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $44M |
| TOTAL LIABILITIES | $95M |
| Common Stock | $153.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $11.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $51M |
| Minority Interest | $0 |
| TOTAL EQUITY | $51M |
| TOTAL LIABILITIES & EQUITY | $146M |
| Total Debt | $62M |
| Net Debt | $29M |
