| Metric | Q3 2014 | Q2 2014 | Q3 2013 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25M | $22M | $29M | 13.0% | -14.4% |
| Op. Income | -$416.0K | -$1M | -$1M | 69.4% | 60.6% |
| Gross Margin | 68.1% | 66.0% | 46.2% | 2.2pp | 22.0pp |
| Net Margin | -1.7% | -4.6% | -2.2% | 2.9pp | 0.5pp |
| EPS (Diluted) | $-0.68 | $-1.63 | $-1.09 | 58.3% | 37.6% |
| Free Cash Flow | $3M | -$2M | $1M | 231.7% | 173.1% |
| Item | Amount |
|---|---|
| REVENUE | $25M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $15M |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $18M |
| Cost & Expenses | $26M |
| OPERATING INCOME | -$416.0K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $20.0K |
| INCOME BEFORE TAX | -$396.0K |
| Income Tax Expense | $336.0K |
| Net Income from Continuing Ops | -$425.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$425.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$425.0K |
| D&A | $2M |
| EBIT | $0 |
| EBITDA | $2M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$425.0K |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $147.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $976.0K |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$27.0K |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $459.0K |
| NET CASH FROM FINANCING | $459.0K |
| FREE CASH FLOW | $3M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $19M |
| Net Receivables | $15M |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $44M |
| PP&E (Net) | $21M |
| Goodwill | $7M |
| Intangible Assets | $12M |
| Long-Term Investments | $19M |
| Tax Assets | $38.0K |
| Other Non-Current Assets | -$18M |
| TOTAL NON-CURRENT ASSETS | $41M |
| TOTAL ASSETS | $85M |
| Account Payables | $2M |
| Short-Term Debt | $542.0K |
| Deferred Revenue | $3M |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $884.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $33M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$33M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$11.0K |
| Other Equity | $86M |
| TOTAL STOCKHOLDERS' EQUITY | $52M |
| Minority Interest | $0 |
| TOTAL EQUITY | $52M |
| TOTAL LIABILITIES & EQUITY | $85M |
| Total Debt | $2M |
| Net Debt | -$2M |
