| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26M | $24M | $12M | 6.8% | 119.3% |
| Op. Income | -$118M | -$112M | -$90M | -4.9% | -31.7% |
| Gross Margin | 89.6% | 96.8% | 97.7% | -7.2pp | -8.1pp |
| Net Margin | -438.0% | -410.7% | -742.2% | -27.3pp | 304.3pp |
| EPS (Diluted) | $-1.96 | $-1.72 | $-1.74 | -14.0% | -12.6% |
| Free Cash Flow | -$94M | -$94M | -$70M | 0.8% | -33.3% |
| Item | Amount |
|---|---|
| REVENUE | $26M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $23M |
| R&D Expenses | $100M |
| Selling & Marketing | $0 |
| General & Administrative | $41M |
| SG&A Expenses | $41M |
| Other Expenses | $0 |
| Operating Expenses | $141M |
| Cost & Expenses | $144M |
| OPERATING INCOME | -$118M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$113M |
| Income Tax Expense | $293.0K |
| Net Income from Continuing Ops | -$113M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$113M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$113M |
| D&A | $2M |
| EBIT | -$113M |
| EBITDA | -$111M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$113M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $352.0K |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$89M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$149M |
| Sales/Maturities of Investments | $234M |
| Other Investing Activities | $84M |
| NET CASH FROM INVESTING | $79M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $904.0K |
| NET CASH FROM FINANCING | $904.0K |
| FREE CASH FLOW | -$94M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $123M |
| Short-Term Investments | $404M |
| Net Receivables | $23M |
| Inventory | $14M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $613M |
| PP&E (Net) | $64M |
| Goodwill | $44M |
| Intangible Assets | $129M |
| Long-Term Investments | $26M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $266M |
| TOTAL ASSETS | $880M |
| Account Payables | $13M |
| Short-Term Debt | $7M |
| Deferred Revenue | -$7M |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $90M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $31M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $62M |
| TOTAL LIABILITIES | $153M |
| Common Stock | $58.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$71.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $727M |
| Minority Interest | $0 |
| TOTAL EQUITY | $727M |
| TOTAL LIABILITIES & EQUITY | $880M |
| Total Debt | $38M |
| Net Debt | -$84M |
