| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $15M | $41M | -19.9% | -71.1% |
| Op. Income | -$40M | -$36M | $2M | -12.3% | -1745.9% |
| Gross Margin | 67.8% | 83.0% | 93.0% | -15.2pp | -25.2pp |
| Net Margin | -224.9% | -235.3% | 10.6% | 10.4pp | -235.4pp |
| EPS (Diluted) | $-0.72 | $-0.94 | $0.11 | 23.4% | -754.5% |
| Free Cash Flow | -$27M | -$32M | -$9M | 16.6% | -193.9% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $8M |
| R&D Expenses | $34M |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $44.0K |
| Operating Expenses | $48M |
| Cost & Expenses | $52M |
| OPERATING INCOME | -$40M |
| Interest Income | $860.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $2M |
| EBIT | -$40M |
| EBITDA | -$38M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$63M |
| Sales/Maturities of Investments | $78M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $14M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $70M |
| Short-Term Investments | $227M |
| Net Receivables | $38M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $345M |
| PP&E (Net) | $39M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $104M |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $153M |
| TOTAL ASSETS | $498M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $34M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $14M |
| TOTAL LIABILITIES | $48M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $628M |
| Retained Earnings | -$178M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $205.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $450M |
| Minority Interest | $0 |
| TOTAL EQUITY | $450M |
| TOTAL LIABILITIES & EQUITY | $498M |
| Total Debt | $11M |
| Net Debt | -$58M |
