| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $11M | $8M | 16.6% | 56.7% |
| Op. Income | -$13M | -$14M | -$10M | 6.9% | -25.4% |
| Gross Margin | -37.6% | -53.4% | -61.3% | 15.7pp | 23.7pp |
| Net Margin | -105.2% | -131.0% | -130.6% | 25.9pp | 25.5pp |
| EPS (Diluted) | $-5.60 | $-6.00 | $-4.50 | 6.7% | -24.4% |
| Free Cash Flow | -$17M | -$16M | $47M | -4.3% | -135.6% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $17M |
| GROSS PROFIT | -$5M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $25M |
| Cost & Expenses | $25M |
| OPERATING INCOME | -$13M |
| Interest Income | $964.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$177.0K |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $1M |
| EBIT | -$12M |
| EBITDA | -$11M |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$13.0K |
| Other Non-Cash Items | -$30.0K |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$667.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$44M |
| Sales/Maturities of Investments | $55M |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | $10M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$297.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $373.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $113M |
| Net Receivables | $8M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $136M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $25M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $36M |
| TOTAL ASSETS | $172M |
| Account Payables | $5M |
| Short-Term Debt | $6M |
| Deferred Revenue | $20M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $36M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $20M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $564.0K |
| TOTAL NON-CURRENT LIABILITIES | $26M |
| TOTAL LIABILITIES | $62M |
| Common Stock | $23.0K |
| Additional Paid-In Capital | $291M |
| Retained Earnings | -$181M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $223.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $110M |
| Minority Interest | $0 |
| TOTAL EQUITY | $110M |
| TOTAL LIABILITIES & EQUITY | $172M |
| Total Debt | $11M |
| Net Debt | -$611.0K |
