| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24M | $18M | $13M | 32.9% | 88.8% |
| Op. Income | -$112M | -$99M | -$95M | -13.4% | -18.5% |
| Gross Margin | 96.8% | 97.5% | 98.9% | -0.7pp | -2.1pp |
| Net Margin | -410.7% | -532.4% | -412.1% | 121.8pp | 1.5pp |
| EPS (Diluted) | $-1.72 | $-1.82 | $-1.06 | 5.5% | -62.3% |
| Free Cash Flow | -$94M | -$99M | -$77M | 4.6% | -21.8% |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $766.0K |
| GROSS PROFIT | $23M |
| R&D Expenses | $96M |
| Selling & Marketing | $0 |
| General & Administrative | $40M |
| SG&A Expenses | $40M |
| Other Expenses | $0 |
| Operating Expenses | $136M |
| Cost & Expenses | $137M |
| OPERATING INCOME | -$112M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | -$99M |
| Income Tax Expense | $213.0K |
| Net Income from Continuing Ops | -$99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$99M |
| D&A | $2M |
| EBIT | -$99M |
| EBITDA | -$97M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$99M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$12M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$89M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$215M |
| Sales/Maturities of Investments | $162M |
| Other Investing Activities | -$53M |
| NET CASH FROM INVESTING | -$58M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | -$94M |
| Net Change in Cash | -$138M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $131M |
| Short-Term Investments | $487M |
| Net Receivables | $21M |
| Inventory | $14M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $699M |
| PP&E (Net) | $59M |
| Goodwill | $44M |
| Intangible Assets | $129M |
| Long-Term Investments | $24M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $259M |
| TOTAL ASSETS | $959M |
| Account Payables | $9M |
| Short-Term Debt | $7M |
| Deferred Revenue | -$7M |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $75M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $31M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $64M |
| TOTAL LIABILITIES | $139M |
| Common Stock | $58.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $255.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $820M |
| Minority Interest | $0 |
| TOTAL EQUITY | $820M |
| TOTAL LIABILITIES & EQUITY | $959M |
| Total Debt | $40M |
| Net Debt | -$91M |
