| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $390M | $298M | $286M | 30.9% | 36.4% |
| Op. Income | -$195M | -$323M | -$361M | 39.8% | 46.1% |
| Gross Margin | 45.4% | 33.6% | 33.1% | 11.7pp | 12.3pp |
| Net Margin | -49.2% | -109.2% | -122.5% | 60.1pp | 73.3pp |
| EPS (Diluted) | $-0.14 | $-0.25 | $-0.28 | 44.0% | 50.0% |
| Free Cash Flow | -$149M | -$159M | -$197M | 6.3% | 24.6% |
| Item | Amount |
|---|---|
| REVENUE | $390M |
| Cost of Revenue | $213M |
| GROSS PROFIT | $177M |
| R&D Expenses | $164M |
| Selling & Marketing | $99M |
| General & Administrative | $108M |
| SG&A Expenses | $207M |
| Other Expenses | $0 |
| Operating Expenses | $372M |
| Cost & Expenses | $585M |
| OPERATING INCOME | -$195M |
| Interest Income | $8M |
| Interest Expense | $1M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$192M |
| Income Tax Expense | -$352.0K |
| Net Income from Continuing Ops | -$192M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$192M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$192M |
| D&A | $23M |
| EBIT | -$191M |
| EBITDA | -$168M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$192M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $122M |
| Deferred Income Tax | -$512.0K |
| Other Non-Cash Items | -$459.0K |
| Change in Working Capital | -$78M |
| OPERATING CASH FLOW | -$126M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | -$815.0K |
| Purchases of Investments | -$337M |
| Sales/Maturities of Investments | $511M |
| Other Investing Activities | $11M |
| NET CASH FROM INVESTING | $162M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $123.0K |
| NET CASH FROM FINANCING | $123.0K |
| FREE CASH FLOW | -$149M |
| Net Change in Cash | $37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $387M |
| Short-Term Investments | $892M |
| Net Receivables | $355M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $213M |
| Goodwill | $632M |
| Intangible Assets | $126M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $67M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $31M |
| Short-Term Debt | $0 |
| Deferred Revenue | $11M |
| Other Current Liabilities | $156M |
| TOTAL CURRENT LIABILITIES | $293M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $110M |
| TOTAL NON-CURRENT LIABILITIES | $110M |
| TOTAL LIABILITIES | $403M |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $8.2B |
| Retained Earnings | -$5.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $0 |
| Net Debt | -$387M |
