| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22M | $18M | $24M | 25.1% | -6.8% |
| Op. Income | -$29M | -$34M | -$16M | 12.7% | -80.1% |
| Gross Margin | -65.3% | -107.7% | -22.3% | 42.5pp | -43.0pp |
| Net Margin | -124.4% | -172.6% | -54.5% | 48.2pp | -69.9pp |
| EPS (Diluted) | $-0.24 | $-0.26 | $-0.13 | 7.7% | -84.6% |
| Free Cash Flow | -$43M | -$43M | -$37M | 0.8% | -16.7% |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $36M |
| GROSS PROFIT | -$14M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $51M |
| Cost & Expenses | $51M |
| OPERATING INCOME | -$29M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | -$54.0K |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $3M |
| EBIT | -$29M |
| EBITDA | -$28M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$40.0K |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | -$39M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$262.0K |
| Purchases of Investments | -$77M |
| Sales/Maturities of Investments | $65M |
| Other Investing Activities | -$262.0K |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$92.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $704.0K |
| NET CASH FROM FINANCING | $704.0K |
| FREE CASH FLOW | -$43M |
| Net Change in Cash | -$55M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $114M |
| Short-Term Investments | $241M |
| Net Receivables | $23M |
| Inventory | $2M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $384M |
| PP&E (Net) | $104M |
| Goodwill | $38M |
| Intangible Assets | $52M |
| Long-Term Investments | $53M |
| Tax Assets | $6M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $256M |
| TOTAL ASSETS | $640M |
| Account Payables | $19M |
| Short-Term Debt | $0 |
| Deferred Revenue | $48M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $81M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $88M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $140M |
| TOTAL LIABILITIES | $221M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$662M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $419M |
| Minority Interest | $239.0K |
| TOTAL EQUITY | $419M |
| TOTAL LIABILITIES & EQUITY | $640M |
| Total Debt | $41M |
| Net Debt | -$74M |
