| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $233M | $204M | $129M | 14.1% | 80.6% |
| Op. Income | -$75M | -$44M | -$24M | -71.3% | -210.0% |
| Gross Margin | 51.9% | 52.6% | 53.7% | -0.7pp | -1.8pp |
| Net Margin | -15.7% | -23.1% | -18.4% | 7.4pp | 2.7pp |
| EPS (Diluted) | $-0.31 | $-0.47 | $-0.25 | 34.0% | -24.0% |
| Free Cash Flow | -$17M | -$11M | $11M | -58.5% | -254.4% |
| Item | Amount |
|---|---|
| REVENUE | $233M |
| Cost of Revenue | $112M |
| GROSS PROFIT | $121M |
| R&D Expenses | $78M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $121M |
| Other Expenses | -$2M |
| Operating Expenses | $196M |
| Cost & Expenses | $308M |
| OPERATING INCOME | -$75M |
| Interest Income | $2M |
| Interest Expense | $6M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | -$88M |
| Income Tax Expense | -$52M |
| Net Income from Continuing Ops | -$37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$37M |
| D&A | $26M |
| EBIT | -$82M |
| EBITDA | -$56M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$37M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $58M |
| Deferred Income Tax | -$52M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $157M |
| Purchases of Investments | -$419M |
| Sales/Maturities of Investments | $141M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$130M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$127M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $378M |
| Short-Term Investments | $541M |
| Net Receivables | $105M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $262M |
| Goodwill | $2.3B |
| Intangible Assets | $504M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $4.1B |
| Account Payables | $22M |
| Short-Term Debt | $2M |
| Deferred Revenue | $23M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $182M |
| Long-Term Debt | $443M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $12M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $610M |
| TOTAL LIABILITIES | $793M |
| Common Stock | $126.0K |
| Additional Paid-In Capital | $3.7B |
| Retained Earnings | -$408M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $4.1B |
| Total Debt | $625M |
| Net Debt | $248M |
