| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $11M | $0 | 19.8% | — |
| Op. Income | -$95M | -$96M | -$78M | 1.6% | -21.0% |
| Gross Margin | 98.9% | 97.9% | — | 1.0pp | — |
| Net Margin | -412.1% | 283.3% | — | -695.5pp | — |
| EPS (Diluted) | $-1.06 | $0.62 | $-1.72 | -271.0% | 38.4% |
| Free Cash Flow | -$77M | -$90M | -$49M | 13.9% | -57.4% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $141.0K |
| GROSS PROFIT | $13M |
| R&D Expenses | $77M |
| Selling & Marketing | $0 |
| General & Administrative | $31M |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $108M |
| Cost & Expenses | $108M |
| OPERATING INCOME | -$95M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $42M |
| INCOME BEFORE TAX | -$53M |
| Income Tax Expense | $102.0K |
| Net Income from Continuing Ops | -$53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$53M |
| D&A | $6M |
| EBIT | -$95M |
| EBITDA | -$89M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$53M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$40M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$76M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$148M |
| Sales/Maturities of Investments | $57M |
| Other Investing Activities | $40M |
| NET CASH FROM INVESTING | -$52M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $13M |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | -$77M |
| Net Change in Cash | -$116M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $111M |
| Short-Term Investments | $436M |
| Net Receivables | $17M |
| Inventory | $3M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $547M |
| PP&E (Net) | $21M |
| Goodwill | $44M |
| Intangible Assets | $133M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $61M |
| TOTAL NON-CURRENT ASSETS | $259M |
| TOTAL ASSETS | $806M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $66M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $31M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $36M |
| TOTAL LIABILITIES | $102M |
| Common Stock | $50.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$855M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$654.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $704M |
| Minority Interest | $0 |
| TOTAL EQUITY | $704M |
| TOTAL LIABILITIES & EQUITY | $806M |
| Total Debt | $0 |
| Net Debt | -$111M |
