| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $280M | $261M | $190M | 7.1% | 47.1% |
| Op. Income | -$134M | -$1.2B | -$22M | 88.5% | -496.1% |
| Gross Margin | 70.1% | 59.6% | 66.5% | 10.5pp | 3.6pp |
| Net Margin | -44.6% | -443.8% | -9.9% | 399.2pp | -34.7pp |
| EPS (Diluted) | $-0.23 | $-2.62 | $-0.04 | 91.2% | -446.3% |
| Free Cash Flow | -$1M | -$58M | -$17M | 98.2% | 93.8% |
| Item | Amount |
|---|---|
| REVENUE | $280M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $196M |
| R&D Expenses | $168M |
| Selling & Marketing | $111M |
| General & Administrative | $51M |
| SG&A Expenses | $162M |
| Other Expenses | $0 |
| Operating Expenses | $330M |
| Cost & Expenses | $413M |
| OPERATING INCOME | -$134M |
| Interest Income | $10M |
| Interest Expense | $1M |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | -$125M |
| Income Tax Expense | -$197.0K |
| Net Income from Continuing Ops | -$125M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$125M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$125M |
| D&A | $7M |
| EBIT | -$124M |
| EBITDA | -$117M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$125M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $130M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$583.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$369M |
| Sales/Maturities of Investments | $119M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$258M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$122M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$123M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$374M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $692M |
| Net Receivables | $210M |
| Inventory | $0 |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $255M |
| Goodwill | $0 |
| Intangible Assets | $15M |
| Long-Term Investments | $25M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $298M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $32M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $113M |
| TOTAL CURRENT LIABILITIES | $144M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $180M |
| TOTAL LIABILITIES | $324M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $4.1B |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $376.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $161M |
| Net Debt | -$875M |
