| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $102M | $90M | $116M | 13.4% | -12.1% |
| Op. Income | $3M | -$3M | -$10M | 202.7% | 136.3% |
| Gross Margin | 42.2% | 39.5% | 37.0% | 2.7pp | 5.2pp |
| Net Margin | -4.2% | -24.0% | -8.8% | 19.8pp | 4.6pp |
| EPS (Diluted) | $-2.40 | $-12.20 | $-5.80 | 80.3% | 58.6% |
| Free Cash Flow | -$10M | -$479.0K | $4M | -2089.6% | -389.2% |
| Item | Amount |
|---|---|
| REVENUE | $102M |
| Cost of Revenue | $59M |
| GROSS PROFIT | $43M |
| R&D Expenses | $8M |
| Selling & Marketing | $17M |
| General & Administrative | $13M |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $38M |
| Cost & Expenses | $97M |
| OPERATING INCOME | $3M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $337.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $1M |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $300.0K |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$424.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$424.0K |
| Net Debt Issuance | $16M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $16M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $80M |
| Inventory | $34M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $134M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $21M |
| TOTAL ASSETS | $155M |
| Account Payables | $39M |
| Short-Term Debt | $2M |
| Deferred Revenue | $85M |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $169M |
| Long-Term Debt | $137M |
| Deferred Revenue NC | $34M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $182M |
| TOTAL LIABILITIES | $351M |
| Common Stock | $356.0K |
| Additional Paid-In Capital | $493M |
| Retained Earnings | -$689M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $2.0K |
| TOTAL STOCKHOLDERS' EQUITY | -$196M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$196M |
| TOTAL LIABILITIES & EQUITY | $155M |
| Total Debt | $139M |
| Net Debt | $128M |
