| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $400M | $280M | $273M | 43.0% | 46.4% |
| Op. Income | -$43M | -$134M | $44M | 67.7% | -198.0% |
| Gross Margin | 75.9% | 70.1% | 75.0% | 5.8pp | 0.9pp |
| Net Margin | -8.9% | -44.6% | 17.2% | 35.7pp | -26.1pp |
| EPS (Diluted) | $-0.06 | $-0.23 | $0.10 | 72.4% | -163.5% |
| Free Cash Flow | -$4M | -$1M | -$23M | -262.9% | 83.8% |
| Item | Amount |
|---|---|
| REVENUE | $400M |
| Cost of Revenue | $96M |
| GROSS PROFIT | $304M |
| R&D Expenses | $165M |
| Selling & Marketing | $128M |
| General & Administrative | $54M |
| SG&A Expenses | $182M |
| Other Expenses | $0 |
| Operating Expenses | $347M |
| Cost & Expenses | $443M |
| OPERATING INCOME | -$43M |
| Interest Income | $8M |
| Interest Expense | $133.0K |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$35M |
| Income Tax Expense | $539.0K |
| Net Income from Continuing Ops | -$36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$36M |
| D&A | $8M |
| EBIT | -$35M |
| EBITDA | -$27M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$36M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $112M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$694.0K |
| Change in Working Capital | -$75M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $587M |
| Purchases of Investments | -$548M |
| Sales/Maturities of Investments | $178M |
| Other Investing Activities | -$587M |
| NET CASH FROM INVESTING | -$384M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $41M |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$383M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $649M |
| Short-Term Investments | $1.1B |
| Net Receivables | $316M |
| Inventory | $0 |
| Other Current Assets | $35M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $280M |
| Goodwill | $7M |
| Intangible Assets | $8M |
| Long-Term Investments | $25M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $326M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $34M |
| Short-Term Debt | $47M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $69M |
| TOTAL CURRENT LIABILITIES | $176M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $20M |
| TOTAL NON-CURRENT LIABILITIES | $193M |
| TOTAL LIABILITIES | $370M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $647.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $220M |
| Net Debt | -$430M |
