| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24M | $21M | $12M | 10.0% | 99.5% |
| Op. Income | -$16M | -$19M | -$13M | 15.1% | -24.6% |
| Gross Margin | -22.3% | -36.6% | -56.0% | 14.3pp | 33.7pp |
| Net Margin | -54.5% | -77.7% | -104.6% | 23.2pp | 50.1pp |
| EPS (Diluted) | $-0.13 | $-0.17 | $-0.15 | 23.5% | 13.3% |
| Free Cash Flow | -$37M | $119M | -$16M | -130.9% | -124.9% |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $29M |
| GROSS PROFIT | -$5M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $40M |
| Cost & Expenses | $40M |
| OPERATING INCOME | -$16M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $461.0K |
| EBIT | -$16M |
| EBITDA | -$16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $461.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $250.0K |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $97M |
| Other Investing Activities | $92M |
| NET CASH FROM INVESTING | $83M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$26.0K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$37M |
| Net Change in Cash | $56M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $419M |
| Net Receivables | $6M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $468M |
| PP&E (Net) | $50M |
| Goodwill | $2M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $86M |
| TOTAL NON-CURRENT ASSETS | $138M |
| TOTAL ASSETS | $607M |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $51M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $74M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $124M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $153M |
| TOTAL LIABILITIES | $227M |
| Common Stock | $1M |
| Additional Paid-In Capital | $923M |
| Retained Earnings | -$544M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$244.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $380M |
| Minority Interest | $0 |
| TOTAL EQUITY | $380M |
| TOTAL LIABILITIES & EQUITY | $607M |
| Total Debt | $27M |
| Net Debt | -$12M |
