| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $8M | $5M | 86.5% | 177.0% |
| Op. Income | -$36M | -$37M | -$23M | 2.6% | -58.0% |
| Gross Margin | 83.0% | 75.5% | 90.3% | 7.5pp | -7.2pp |
| Net Margin | -235.3% | -18.5% | -361.9% | -216.8pp | 126.6pp |
| EPS (Diluted) | $-0.94 | $-0.04 | $-0.56 | -2267.8% | -67.9% |
| Free Cash Flow | -$32M | -$29M | -$23M | -8.6% | -38.8% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $12M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $8.0K |
| Operating Expenses | $48M |
| Cost & Expenses | $51M |
| OPERATING INCOME | -$36M |
| Interest Income | $716.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$35M |
| Income Tax Expense | -$165.0K |
| Net Income from Continuing Ops | -$35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$35M |
| D&A | $2M |
| EBIT | -$36M |
| EBITDA | -$34M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$35M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$801.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$29M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$22M |
| Sales/Maturities of Investments | $77M |
| Other Investing Activities | $55M |
| NET CASH FROM INVESTING | $52M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $384.0K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$32M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $80M |
| Short-Term Investments | $252M |
| Net Receivables | $19M |
| Inventory | $7M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $360M |
| PP&E (Net) | $34M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $85M |
| Tax Assets | $0 |
| Other Non-Current Assets | $29M |
| TOTAL NON-CURRENT ASSETS | $149M |
| TOTAL ASSETS | $509M |
| Account Payables | $10M |
| Short-Term Debt | $3M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $31M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $41M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $619M |
| Retained Earnings | -$151M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $363.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $468M |
| Minority Interest | $0 |
| TOTAL EQUITY | $468M |
| TOTAL LIABILITIES & EQUITY | $509M |
| Total Debt | $7M |
| Net Debt | -$73M |
