Q3 2019 Earnings

Reported September 29, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q3 2019	Q2 2019	Q3 2018	QoQ Change	YoY Change
Revenue	$76M	$67M	—	13.0%	—
Op. Income	-$24M	-$20M	—	-16.0%	—
Gross Margin	81.6%	82.1%	—	-0.6pp	—
Net Margin	-31.9%	-30.3%	—	-1.6pp	—
EPS (Diluted)	$-0.21	$-0.17	—	-23.5%	—

Income Statement

Item	Amount
REVENUE	$76M
Cost of Revenue	$14M
GROSS PROFIT	$62M
R&D Expenses	$25M
Selling & Marketing	$45M
General & Administrative	$16M
SG&A Expenses	$61M
Other Expenses	$0
Operating Expenses	$86M
Cost & Expenses	$100M
OPERATING INCOME	-$24M
Interest Income	$0
Interest Expense	$349.0K
Other Income/Expenses	-$515.0K
INCOME BEFORE TAX	-$24M
Income Tax Expense	$102.0K
Net Income from Continuing Ops	-$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$24M
D&A	$0
EBIT	-$24M
EBITDA	-$24M
EPS	-$0
EPS Diluted	-$0