Q2 2019 Earnings

Reported June 29, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q2 2019	Q1 2019	Q2 2018	QoQ Change	YoY Change
Revenue	$67M	$61M	—	10.9%	—
Op. Income	-$20M	-$15M	—	-35.8%	—
Gross Margin	82.1%	81.3%	—	0.8pp	—
Net Margin	-30.3%	-25.0%	—	-5.2pp	—
EPS (Diluted)	$-0.17	$-0.13	—	-30.8%	—

Income Statement

Item	Amount
REVENUE	$67M
Cost of Revenue	$12M
GROSS PROFIT	$55M
R&D Expenses	$19M
Selling & Marketing	$42M
General & Administrative	$15M
SG&A Expenses	$57M
Other Expenses	$0
Operating Expenses	$76M
Cost & Expenses	$88M
OPERATING INCOME	-$20M
Interest Income	$0
Interest Expense	$134.0K
Other Income/Expenses	$44.0K
INCOME BEFORE TAX	-$20M
Income Tax Expense	$34.0K
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	$0
EBIT	-$20M
EBITDA	-$20M
EPS	-$0
EPS Diluted	-$0