| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $75M | $69M | $54M | 8.3% | 39.0% |
| Op. Income | -$20M | -$21M | -$12M | 7.1% | -68.6% |
| Gross Margin | 83.5% | 82.5% | 84.5% | 1.0pp | -1.0pp |
| Net Margin | -26.1% | -30.1% | -21.6% | 4.0pp | -4.5pp |
| EPS (Diluted) | $-0.21 | $-0.28 | $-0.15 | 25.0% | -40.0% |
| Free Cash Flow | -$3M | -$3M | -$7M | -8.0% | 52.2% |
| Item | Amount |
|---|---|
| REVENUE | $75M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $63M |
| R&D Expenses | $21M |
| Selling & Marketing | $47M |
| General & Administrative | $14M |
| SG&A Expenses | $61M |
| Other Expenses | $0 |
| Operating Expenses | $82M |
| Cost & Expenses | $95M |
| OPERATING INCOME | -$20M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $2M |
| EBIT | -$20M |
| EBITDA | -$18M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$238.0K |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$83M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$83M |
| NET CASH FROM INVESTING | -$85M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$88M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $165M |
| Short-Term Investments | $118M |
| Net Receivables | $68M |
| Inventory | $0 |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $397M |
| PP&E (Net) | $20M |
| Goodwill | $265.0K |
| Intangible Assets | $427.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $43M |
| TOTAL NON-CURRENT ASSETS | $64M |
| TOTAL ASSETS | $461M |
| Account Payables | $171.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $214M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $254M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $76M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $85M |
| TOTAL LIABILITIES | $339M |
| Common Stock | $931.0K |
| Additional Paid-In Capital | $587M |
| Retained Earnings | -$466M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $122M |
| Minority Interest | $0 |
| TOTAL EQUITY | $122M |
| TOTAL LIABILITIES & EQUITY | $461M |
| Total Debt | $10M |
| Net Debt | -$155M |
