| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $205M | $219M | $126M | -6.3% | 62.2% |
| Op. Income | -$15M | $53M | -$13M | -128.9% | -14.4% |
| Gross Margin | 0.5% | 35.9% | -2.5% | -35.4pp | 3.0pp |
| Net Margin | -7.4% | 24.2% | -10.5% | -31.6pp | 3.1pp |
| EPS (Diluted) | $-0.16 | $0.57 | $-0.14 | -128.1% | -14.3% |
| Free Cash Flow | -$1M | $75M | $9M | -101.5% | -112.4% |
| Item | Amount |
|---|---|
| REVENUE | $205M |
| Cost of Revenue | $204M |
| GROSS PROFIT | $1M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $7M |
| Operating Expenses | $16M |
| Cost & Expenses | $220M |
| OPERATING INCOME | -$15M |
| Interest Income | $6M |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | -$213.0K |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $0 |
| EBIT | -$13M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $894.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$500.0K |
| Sales/Maturities of Investments | $747M |
| Other Investing Activities | $747M |
| NET CASH FROM INVESTING | $747M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $12M |
| NET CASH FROM FINANCING | $14M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $760M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $693M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $696M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $167M |
| Long-Term Investments | $1.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$167M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $3.4B |
| Account Payables | $113M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$113M |
| TOTAL CURRENT LIABILITIES | $113M |
| Long-Term Debt | $114M |
| Deferred Revenue NC | $481.0K |
| Deferred Tax Liabilities | -$1.9B |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $115M |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $9M |
| Additional Paid-In Capital | $927M |
| Retained Earnings | $447M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $114M |
| Net Debt | -$579M |
