| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $275M | $233M | $148M | 18.0% | 86.1% |
| Op. Income | -$92M | -$75M | -$22M | -22.9% | -320.9% |
| Gross Margin | 51.9% | 51.9% | 53.9% | 0.0pp | -2.0pp |
| Net Margin | -33.7% | -15.7% | -16.2% | -18.0pp | -17.4pp |
| EPS (Diluted) | $-0.72 | $-0.31 | $-0.25 | -132.3% | -188.0% |
| Free Cash Flow | -$15M | -$17M | -$4M | 11.8% | -265.1% |
| Item | Amount |
|---|---|
| REVENUE | $275M |
| Cost of Revenue | $132M |
| GROSS PROFIT | $143M |
| R&D Expenses | $99M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $136M |
| Other Expenses | $0 |
| Operating Expenses | $235M |
| Cost & Expenses | $367M |
| OPERATING INCOME | -$92M |
| Interest Income | $3M |
| Interest Expense | $6M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$95M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$93M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$93M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$93M |
| D&A | $34M |
| EBIT | -$88M |
| EBITDA | -$54M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$93M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $71M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | -$10M |
| Purchases of Investments | -$958M |
| Sales/Maturities of Investments | $146M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$832M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $994M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | $158M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $536M |
| Short-Term Investments | $1.3B |
| Net Receivables | $127M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $258M |
| Goodwill | $2.3B |
| Intangible Assets | $485M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $3.0B |
| TOTAL ASSETS | $5.1B |
| Account Payables | $29M |
| Short-Term Debt | $2M |
| Deferred Revenue | $25M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $202M |
| Long-Term Debt | $448M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $610M |
| TOTAL LIABILITIES | $812M |
| Common Stock | $136.0K |
| Additional Paid-In Capital | $4.8B |
| Retained Earnings | -$501M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.3B |
| TOTAL LIABILITIES & EQUITY | $5.1B |
| Total Debt | $625M |
| Net Debt | $89M |
