| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36M | $26M | $16M | 38.0% | 118.9% |
| Op. Income | -$94M | -$118M | -$90M | 20.0% | -4.6% |
| Gross Margin | 85.7% | 89.6% | 96.9% | -3.9pp | -11.2pp |
| Net Margin | -263.5% | -438.0% | -540.1% | 174.4pp | 276.6pp |
| EPS (Diluted) | $-1.62 | $-1.96 | $-1.73 | 17.3% | 6.4% |
| Free Cash Flow | -$84M | -$94M | -$57M | 10.7% | -46.4% |
| Item | Amount |
|---|---|
| REVENUE | $36M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $30M |
| R&D Expenses | $83M |
| Selling & Marketing | $0 |
| General & Administrative | $42M |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $125M |
| Cost & Expenses | $130M |
| OPERATING INCOME | -$94M |
| Interest Income | $3M |
| Interest Expense | $1M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$91M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$94M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$94M |
| D&A | $2M |
| EBIT | -$90M |
| EBITDA | -$88M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$94M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$72M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$83M |
| Sales/Maturities of Investments | $161M |
| Other Investing Activities | $79M |
| NET CASH FROM INVESTING | $67M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $315M |
| NET CASH FROM FINANCING | $315M |
| FREE CASH FLOW | -$84M |
| Net Change in Cash | $311M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $434M |
| Short-Term Investments | $322M |
| Net Receivables | $33M |
| Inventory | $12M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $851M |
| PP&E (Net) | $75M |
| Goodwill | $44M |
| Intangible Assets | $129M |
| Long-Term Investments | $33M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $284M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $103M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $33M |
| Other Non-Current Liabilities | $315M |
| TOTAL NON-CURRENT LIABILITIES | $378M |
| TOTAL LIABILITIES | $482M |
| Common Stock | $58.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$147.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $654M |
| Minority Interest | $0 |
| TOTAL EQUITY | $654M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $37M |
| Net Debt | -$397M |
