| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | $18M | $25M | 7.5% | -21.7% |
| Op. Income | -$31M | -$25M | -$21M | -24.1% | -49.2% |
| Gross Margin | 29.4% | 17.6% | 38.1% | 11.9pp | -8.6pp |
| Net Margin | -157.7% | -137.9% | -83.3% | -19.8pp | -74.5pp |
| EPS (Diluted) | $-0.21 | $-0.19 | $-0.18 | -10.5% | -16.7% |
| Free Cash Flow | -$19M | -$14M | -$21M | -33.4% | 10.4% |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $6M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $0 |
| Operating Expenses | $36M |
| Cost & Expenses | $50M |
| OPERATING INCOME | -$31M |
| Interest Income | $0 |
| Interest Expense | $628.0K |
| Other Income/Expenses | -$176.0K |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $2M |
| EBIT | -$30M |
| EBITDA | -$28M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$770.0K |
| Other Non-Cash Items | $673.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$58.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$18M |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $84M |
| Net Receivables | $9M |
| Inventory | $18M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $132M |
| PP&E (Net) | $34M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $39M |
| TOTAL ASSETS | $170M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $7M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $15M |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $36M |
| TOTAL LIABILITIES | $56M |
| Common Stock | $150.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$982M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$36.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $114M |
| Minority Interest | $0 |
| TOTAL EQUITY | $114M |
| TOTAL LIABILITIES & EQUITY | $170M |
| Total Debt | $15M |
| Net Debt | -$4M |
