| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $1M | $0 | 1187.5% | — |
| Op. Income | -$3M | -$13M | -$4M | 75.6% | 26.2% |
| Gross Margin | 99.8% | 99.6% | — | 0.2pp | — |
| Net Margin | -63.8% | -1114.2% | — | 1050.4pp | — |
| EPS (Diluted) | $-1.18 | $-1.47 | $-0.51 | 19.4% | -131.4% |
| Free Cash Flow | -$31M | -$36M | -$21M | 12.8% | -48.4% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $21.2K |
| GROSS PROFIT | $14M |
| R&D Expenses | $1M |
| Selling & Marketing | $1M |
| General & Administrative | $15M |
| SG&A Expenses | $16M |
| Other Expenses | $108.2K |
| Operating Expenses | $17M |
| Cost & Expenses | $17M |
| OPERATING INCOME | -$3M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $125.7K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $1M |
| EBIT | -$6M |
| EBITDA | -$2M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$222.2K |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | $115M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$68M |
| NET CASH FROM FINANCING | $47M |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $22M |
| Other Current Assets | $76M |
| TOTAL CURRENT ASSETS | $145M |
| PP&E (Net) | $111M |
| Goodwill | $0 |
| Intangible Assets | $14M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $125M |
| TOTAL ASSETS | $270M |
| Account Payables | $31M |
| Short-Term Debt | $31M |
| Deferred Revenue | -$40M |
| Other Current Liabilities | $42M |
| TOTAL CURRENT LIABILITIES | $113M |
| Long-Term Debt | $128M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $140M |
| TOTAL LIABILITIES | $253M |
| Common Stock | $82M |
| Additional Paid-In Capital | $14M |
| Retained Earnings | -$86M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14M |
| Minority Interest | $4M |
| TOTAL EQUITY | $17M |
| TOTAL LIABILITIES & EQUITY | $270M |
| Total Debt | $159M |
| Net Debt | $131M |
