| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $664M | $396M | 60.4% | 169.1% |
| Op. Income | -$218M | -$310M | -$970M | 29.7% | 77.5% |
| Gross Margin | 78.1% | 80.8% | 85.7% | -2.7pp | -7.6pp |
| Net Margin | -13.8% | -41.3% | -239.7% | 27.5pp | 225.9pp |
| EPS (Diluted) | $-0.13 | $-0.24 | $-0.85 | 46.3% | 84.9% |
| Free Cash Flow | $605M | -$225M | $52M | 368.1% | 1070.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $233M |
| GROSS PROFIT | $832M |
| R&D Expenses | $117M |
| Selling & Marketing | $892M |
| General & Administrative | $41M |
| SG&A Expenses | $933M |
| Other Expenses | $0 |
| Operating Expenses | $1.0B |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | -$218M |
| Interest Income | $59M |
| Interest Expense | $0 |
| Other Income/Expenses | $71M |
| INCOME BEFORE TAX | -$147M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$147M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$147M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$147M |
| D&A | $23M |
| EBIT | -$218M |
| EBITDA | -$195M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$147M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $86M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $115M |
| Change in Working Capital | $506M |
| OPERATING CASH FLOW | $606M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$165M |
| NET CASH FROM INVESTING | -$166M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $605M |
| Net Change in Cash | $503M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.5B |
| Short-Term Investments | $1.2B |
| Net Receivables | $219M |
| Inventory | $0 |
| Other Current Assets | $2.6B |
| TOTAL CURRENT ASSETS | $7.5B |
| PP&E (Net) | $50M |
| Goodwill | $0 |
| Intangible Assets | $333M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $64M |
| TOTAL NON-CURRENT ASSETS | $446M |
| TOTAL ASSETS | $7.9B |
| Account Payables | $2.6B |
| Short-Term Debt | $0 |
| Deferred Revenue | $39M |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $4.2B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $37M |
| TOTAL LIABILITIES | $4.3B |
| Common Stock | $21.6K |
| Additional Paid-In Capital | $5.6B |
| Retained Earnings | -$2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $163M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $7.9B |
| Total Debt | $48M |
| Net Debt | -$3.4B |
