| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $56M | $54M | $32M | 4.2% | 75.8% |
| Op. Income | -$10M | -$3M | -$5M | -241.4% | -90.1% |
| Gross Margin | 73.1% | 73.9% | 85.7% | -0.8pp | -12.5pp |
| Net Margin | -19.5% | -6.8% | -18.7% | -12.7pp | -0.8pp |
| EPS (Diluted) | $-0.70 | $-0.25 | $-0.46 | -180.0% | -52.2% |
| Free Cash Flow | -$9M | -$49.0K | -$12M | -18385.7% | 22.9% |
| Item | Amount |
|---|---|
| REVENUE | $56M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $41M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $33M |
| Other Expenses | $5.0K |
| Operating Expenses | $51M |
| Cost & Expenses | $66M |
| OPERATING INCOME | -$10M |
| Interest Income | $242.0K |
| Interest Expense | $695.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $68.0K |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $1M |
| EBIT | -$10M |
| EBITDA | -$10M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $57.0K |
| Other Non-Cash Items | $23.0K |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$864.0K |
| NET CASH FROM FINANCING | -$864.0K |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $56M |
| Short-Term Investments | $0 |
| Net Receivables | $35M |
| Inventory | $12M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $107M |
| PP&E (Net) | $38M |
| Goodwill | $0 |
| Intangible Assets | $400.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $48M |
| TOTAL ASSETS | $156M |
| Account Payables | $9M |
| Short-Term Debt | $5M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $43M |
| Long-Term Debt | $25M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $70M |
| Other Non-Current Liabilities | $889.0K |
| TOTAL NON-CURRENT LIABILITIES | $97M |
| TOTAL LIABILITIES | $140M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $18M |
| Retained Earnings | -$246M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$34.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15M |
| Minority Interest | $0 |
| TOTAL EQUITY | $15M |
| TOTAL LIABILITIES & EQUITY | $156M |
| Total Debt | $30M |
| Net Debt | -$26M |
