| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $391M | $362M | $270M | 7.9% | 44.6% |
| Op. Income | -$36M | -$40M | -$31M | 10.0% | -13.7% |
| Gross Margin | 55.5% | 56.6% | 55.4% | -1.1pp | 0.0pp |
| Net Margin | -18.6% | -7.9% | -8.6% | -10.7pp | -10.1pp |
| EPS (Diluted) | $-0.06 | $-0.03 | $-0.02 | -151.6% | -196.8% |
| Free Cash Flow | -$46M | $2M | -$5M | -2849.9% | -748.9% |
| Item | Amount |
|---|---|
| REVENUE | $391M |
| Cost of Revenue | $174M |
| GROSS PROFIT | $217M |
| R&D Expenses | $90M |
| Selling & Marketing | $117M |
| General & Administrative | $38M |
| SG&A Expenses | $155M |
| Other Expenses | $7M |
| Operating Expenses | $252M |
| Cost & Expenses | $426M |
| OPERATING INCOME | -$36M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | -$73M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$73M |
| D&A | $9M |
| EBIT | -$24M |
| EBITDA | -$16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$73M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $40M |
| Deferred Income Tax | -$15M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$30M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$980M |
| Sales/Maturities of Investments | $786M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$211M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | $698M |
| FREE CASH FLOW | -$46M |
| Net Change in Cash | $456M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $1.5B |
| Net Receivables | $212M |
| Inventory | $0 |
| Other Current Assets | $31M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $189M |
| Goodwill | $48M |
| Intangible Assets | $25M |
| Long-Term Investments | $0 |
| Tax Assets | $16M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $278M |
| TOTAL ASSETS | $3.2B |
| Account Payables | $139M |
| Short-Term Debt | $0 |
| Deferred Revenue | $48M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $260M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $109M |
| TOTAL LIABILITIES | $369M |
| Common Stock | $3.0B |
| Additional Paid-In Capital | $85M |
| Retained Earnings | -$305M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $111M |
| Net Debt | -$1.0B |
