| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16M | $14M | $8M | 15.7% | 87.2% |
| Op. Income | -$32M | -$28M | -$20M | -12.3% | -60.2% |
| Gross Margin | 21.3% | 16.2% | -8.2% | 5.1pp | 29.4pp |
| Net Margin | -198.2% | -205.3% | -235.5% | 7.1pp | 37.4pp |
| EPS (Diluted) | $-0.96 | $-0.92 | $-0.74 | -4.3% | -29.7% |
| Free Cash Flow | -$27M | -$27M | -$18M | 0.0% | -55.4% |
| Item | Amount |
|---|---|
| REVENUE | $16M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $3M |
| R&D Expenses | $10M |
| Selling & Marketing | $1M |
| General & Administrative | $23M |
| SG&A Expenses | $24M |
| Other Expenses | -$2.0K |
| Operating Expenses | $35M |
| Cost & Expenses | $47M |
| OPERATING INCOME | -$32M |
| Interest Income | $789.0K |
| Interest Expense | $288.0K |
| Other Income/Expenses | $499.0K |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | $111.0K |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $1M |
| EBIT | -$31M |
| EBITDA | -$29M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$294.0K |
| Other Non-Cash Items | $114.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$40M |
| Sales/Maturities of Investments | $43M |
| Other Investing Activities | $16.0K |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$833.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $47M |
| Short-Term Investments | $91M |
| Net Receivables | $12M |
| Inventory | $7M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $160M |
| PP&E (Net) | $21M |
| Goodwill | $1M |
| Intangible Assets | $508.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $27M |
| TOTAL ASSETS | $187M |
| Account Payables | $10M |
| Short-Term Debt | $3M |
| Deferred Revenue | $16M |
| Other Current Liabilities | $817.0K |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $158.0K |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $35M |
| Common Stock | $0 |
| Additional Paid-In Capital | $470M |
| Retained Earnings | -$319M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $181.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $152M |
| Minority Interest | $0 |
| TOTAL EQUITY | $152M |
| TOTAL LIABILITIES & EQUITY | $187M |
| Total Debt | $8M |
| Net Debt | -$39M |
