| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $317M | $263M | $142M | 20.5% | 122.4% |
| Op. Income | -$41M | -$56M | -$15M | 26.1% | -168.8% |
| Gross Margin | 38.1% | 42.4% | 42.3% | -4.3pp | -4.3pp |
| Net Margin | -12.2% | -21.0% | -11.0% | 8.8pp | -1.2pp |
| EPS (Diluted) | $-0.17 | $-0.24 | $-0.07 | 29.2% | -153.7% |
| Free Cash Flow | -$118M | $36M | $0 | -426.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $317M |
| Cost of Revenue | $196M |
| GROSS PROFIT | $121M |
| R&D Expenses | $14M |
| Selling & Marketing | $101M |
| General & Administrative | $47M |
| SG&A Expenses | $148M |
| Other Expenses | $0 |
| Operating Expenses | $162M |
| Cost & Expenses | $358M |
| OPERATING INCOME | -$41M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$38M |
| Income Tax Expense | $200.0K |
| Net Income from Continuing Ops | -$39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$39M |
| D&A | $6M |
| EBIT | -$41M |
| EBITDA | -$36M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$39M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $100.0K |
| Change in Working Capital | -$71M |
| OPERATING CASH FLOW | -$96M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$205M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$100.0K |
| NET CASH FROM INVESTING | -$227M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$118M |
| Net Change in Cash | -$321M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $235M |
| Short-Term Investments | $204M |
| Net Receivables | $23M |
| Inventory | $112M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $608M |
| PP&E (Net) | $203M |
| Goodwill | $4M |
| Intangible Assets | $21M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $238M |
| TOTAL ASSETS | $845M |
| Account Payables | $52M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $196M |
| TOTAL CURRENT LIABILITIES | $263M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $263M |
| Common Stock | $0 |
| Additional Paid-In Capital | $72M |
| Retained Earnings | -$582M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $432M |
| Minority Interest | $0 |
| TOTAL EQUITY | $432M |
| TOTAL LIABILITIES & EQUITY | $695M |
| Total Debt | $0 |
| Net Debt | -$235M |
