Q3 2017 Earnings

Reported September 29, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q3 2017	Q2 2017	Q3 2016	QoQ Change	YoY Change
Revenue	$39M	$30M	$18M	28.3%	115.9%
Op. Income	-$38M	-$20M	-$10M	-91.4%	-277.1%
Gross Margin	83.1%	87.0%	82.3%	-3.9pp	0.7pp
Net Margin	-98.1%	-64.3%	-55.2%	-33.8pp	-42.9pp
EPS (Diluted)	$-4.58	$-2.34	$-1.29	-95.8%	-254.4%

Income Statement

Item	Amount
REVENUE	$39M
Cost of Revenue	$7M
GROSS PROFIT	$32M
R&D Expenses	$1M
Selling & Marketing	$50M
General & Administrative	$19M
SG&A Expenses	$68M
Other Expenses	$15.5K
Operating Expenses	$70M
Cost & Expenses	$76M
OPERATING INCOME	-$38M
Interest Income	$404.8K
Interest Expense	$0
Other Income/Expenses	$420.3K
INCOME BEFORE TAX	-$37M
Income Tax Expense	$362.6K
Net Income from Continuing Ops	-$38M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$38M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$38M
D&A	$182.3K
EBIT	-$38M
EBITDA	-$38M
EPS	-$5
EPS Diluted	-$5