| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $388M | $320M | $262M | 21.1% | 48.0% |
| Op. Income | -$305M | -$316M | -$358M | 3.6% | 14.8% |
| Gross Margin | 44.5% | 36.4% | 27.0% | 8.1pp | 17.5pp |
| Net Margin | -65.8% | -96.9% | -134.7% | 31.1pp | 69.0pp |
| EPS (Diluted) | $-0.19 | $-0.23 | $-0.27 | 17.4% | 29.6% |
| Free Cash Flow | -$103M | -$78M | -$234M | -32.6% | 55.8% |
| Item | Amount |
|---|---|
| REVENUE | $388M |
| Cost of Revenue | $215M |
| GROSS PROFIT | $173M |
| R&D Expenses | $236M |
| Selling & Marketing | $112M |
| General & Administrative | $130M |
| SG&A Expenses | $241M |
| Other Expenses | $0 |
| Operating Expenses | $477M |
| Cost & Expenses | $693M |
| OPERATING INCOME | -$305M |
| Interest Income | $7M |
| Interest Expense | $809.0K |
| Other Income/Expenses | $51M |
| INCOME BEFORE TAX | -$254M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$255M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$255M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$255M |
| D&A | $23M |
| EBIT | -$253M |
| EBITDA | -$231M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$255M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $196M |
| Deferred Income Tax | $291.0K |
| Other Non-Cash Items | -$41M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | -$96M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $74M |
| Purchases of Investments | -$284M |
| Sales/Maturities of Investments | $402M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | $185M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$103M |
| Net Change in Cash | $90M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $336M |
| Short-Term Investments | $849M |
| Net Receivables | $314M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $457M |
| Goodwill | $628M |
| Intangible Assets | $80M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $71M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $52M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $340M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $319M |
| TOTAL LIABILITIES | $659M |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $8.6B |
| Retained Earnings | -$6.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $359M |
| Net Debt | $23M |
