| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | — | $13M | — | -36.1% |
| Op. Income | -$44M | — | -$21M | — | -109.1% |
| Gross Margin | -331.8% | — | -86.3% | — | -245.5pp |
| Net Margin | -522.2% | — | -159.7% | — | -362.5pp |
| EPS (Diluted) | $-0.41 | — | $-0.23 | — | -78.3% |
| Free Cash Flow | -$51M | — | -$21M | — | -146.2% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $35M |
| GROSS PROFIT | -$27M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $17M |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $52M |
| Cost & Expenses | $52M |
| OPERATING INCOME | -$44M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$42M |
| Income Tax Expense | -$53.0K |
| Net Income from Continuing Ops | -$42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$42M |
| D&A | $1M |
| EBIT | -$44M |
| EBITDA | -$42M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$42M |
| Depreciation & Amortization | $715.0K |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $262.0K |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$45M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$87M |
| Sales/Maturities of Investments | $78M |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$265.0K |
| NET CASH FROM FINANCING | $216.0K |
| FREE CASH FLOW | -$51M |
| Net Change in Cash | -$59M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $81M |
| Short-Term Investments | $270M |
| Net Receivables | $8M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $363M |
| PP&E (Net) | $46M |
| Goodwill | $39M |
| Intangible Assets | $53M |
| Long-Term Investments | $27M |
| Tax Assets | $7M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $180M |
| TOTAL ASSETS | $543M |
| Account Payables | $29M |
| Short-Term Debt | $0 |
| Deferred Revenue | $55M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $91M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $101M |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $122M |
| TOTAL LIABILITIES | $214M |
| Common Stock | $1M |
| Additional Paid-In Capital | $934M |
| Retained Earnings | -$604M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $328M |
| Minority Interest | $686.0K |
| TOTAL EQUITY | $329M |
| TOTAL LIABILITIES & EQUITY | $543M |
| Total Debt | $13M |
| Net Debt | -$68M |
