| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $209M | $192M | $165M | 9.0% | 27.0% |
| Op. Income | $18M | $17M | $16M | 6.6% | 11.7% |
| Gross Margin | 64.0% | 64.1% | 66.9% | -0.0pp | -2.9pp |
| Net Margin | 2.4% | 0.4% | 6.0% | 2.0pp | -3.6pp |
| EPS (Diluted) | $0.08 | $0.01 | $0.16 | 700.0% | -50.0% |
| Free Cash Flow | -$3M | $8M | -$4M | -135.6% | 31.3% |
| Item | Amount |
|---|---|
| REVENUE | $209M |
| Cost of Revenue | $75M |
| GROSS PROFIT | $134M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $81M |
| Other Expenses | $0 |
| Operating Expenses | $116M |
| Cost & Expenses | $191M |
| OPERATING INCOME | $18M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $9M |
| EBIT | $17M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $209M |
| Cost of Revenue | $75M |
| GROSS PROFIT | $134M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $81M |
| Other Expenses | $0 |
| Operating Expenses | $116M |
| Cost & Expenses | $191M |
| OPERATING INCOME | $18M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $9M |
| EBIT | $17M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $47M |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$87M |
| Sales/Maturities of Investments | $83M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$54M |
| Net Debt Issuance | -$210M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $85M |
| NET CASH FROM FINANCING | -$202M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$206M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $204M |
| Short-Term Investments | $172M |
| Net Receivables | $83M |
| Inventory | $101M |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $582M |
| PP&E (Net) | $416M |
| Goodwill | $40M |
| Intangible Assets | $13M |
| Long-Term Investments | $58M |
| Tax Assets | $0 |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $561M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $55M |
| Short-Term Debt | $4M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $158M |
| Long-Term Debt | $888M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $909M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $749M |
| Retained Earnings | -$672M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $76M |
| Minority Interest | $0 |
| TOTAL EQUITY | $76M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $906M |
| Net Debt | $702M |
