| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $148M | $129M | $96M | 14.4% | 54.1% |
| Op. Income | -$22M | -$24M | -$7M | 9.5% | -210.6% |
| Gross Margin | 53.9% | 53.7% | 55.6% | 0.2pp | -1.7pp |
| Net Margin | -16.2% | -18.4% | -7.4% | 2.1pp | -8.8pp |
| EPS (Diluted) | $-0.25 | $-0.25 | $-0.08 | 0.0% | -219.7% |
| Free Cash Flow | -$4M | $11M | -$13M | -137.3% | 67.6% |
| Item | Amount |
|---|---|
| REVENUE | $148M |
| Cost of Revenue | $68M |
| GROSS PROFIT | $80M |
| R&D Expenses | $40M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $62M |
| Other Expenses | $0 |
| Operating Expenses | $102M |
| Cost & Expenses | $170M |
| OPERATING INCOME | -$22M |
| Interest Income | $700.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | $150.0K |
| Net Income from Continuing Ops | -$24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $6M |
| EBIT | -$21M |
| EBITDA | -$15M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $5M |
| Purchases of Investments | -$142M |
| Sales/Maturities of Investments | $31M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$117M |
| Net Debt Issuance | $550M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$59M |
| NET CASH FROM FINANCING | $490M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $376M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $494M |
| Short-Term Investments | $301M |
| Net Receivables | $68M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $884M |
| PP&E (Net) | $57M |
| Goodwill | $18M |
| Intangible Assets | $17M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $102M |
| TOTAL ASSETS | $986M |
| Account Payables | $24M |
| Short-Term Debt | $0 |
| Deferred Revenue | $17M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $123M |
| Long-Term Debt | $423M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $433M |
| TOTAL LIABILITIES | $556M |
| Common Stock | $96.0K |
| Additional Paid-In Capital | $725M |
| Retained Earnings | -$297M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $430M |
| Minority Interest | $0 |
| TOTAL EQUITY | $430M |
| TOTAL LIABILITIES & EQUITY | $986M |
| Total Debt | $423M |
| Net Debt | -$70M |
