| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $331M | $295M | $204M | 12.3% | 62.1% |
| Op. Income | -$92M | -$94M | -$44M | 2.2% | -110.3% |
| Gross Margin | 48.2% | 51.1% | 52.6% | -2.8pp | -4.3pp |
| Net Margin | -27.2% | -29.7% | -23.1% | 2.5pp | -4.2pp |
| EPS (Diluted) | $-0.66 | $-0.64 | $-0.47 | -3.1% | -40.4% |
| Free Cash Flow | -$19M | -$2M | -$11M | -1149.2% | -80.2% |
| Item | Amount |
|---|---|
| REVENUE | $331M |
| Cost of Revenue | $171M |
| GROSS PROFIT | $160M |
| R&D Expenses | $103M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $149M |
| Other Expenses | $0 |
| Operating Expenses | $252M |
| Cost & Expenses | $423M |
| OPERATING INCOME | -$92M |
| Interest Income | $9M |
| Interest Expense | $6M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$89M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$90M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$90M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$90M |
| D&A | $38M |
| EBIT | -$83M |
| EBITDA | -$45M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$90M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $67M |
| Deferred Income Tax | $254.0K |
| Other Non-Cash Items | $16M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | -$24M |
| Purchases of Investments | -$269M |
| Sales/Maturities of Investments | $222M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$103M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $14M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | -$77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $254M |
| Short-Term Investments | $1.6B |
| Net Receivables | $154M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $298M |
| Goodwill | $2.3B |
| Intangible Assets | $461M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $34M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $39M |
| Short-Term Debt | $0 |
| Deferred Revenue | $26M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $247M |
| Long-Term Debt | $458M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $624M |
| TOTAL LIABILITIES | $871M |
| Common Stock | $138.0K |
| Additional Paid-In Capital | $5.0B |
| Retained Earnings | -$679M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.3B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $640M |
| Net Debt | $387M |
