| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $61M | $56M | $37M | 9.7% | 67.2% |
| Op. Income | -$9M | -$10M | -$15M | 12.2% | 39.1% |
| Gross Margin | 74.7% | 73.1% | 85.7% | 1.6pp | -11.0pp |
| Net Margin | -15.7% | -19.5% | -41.9% | 3.8pp | 26.2pp |
| EPS (Diluted) | $-0.33 | $-0.70 | $-1.13 | 52.9% | 70.8% |
| Free Cash Flow | $848.0K | -$9M | -$6M | 109.4% | 114.6% |
| Item | Amount |
|---|---|
| REVENUE | $61M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $46M |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $33M |
| Other Expenses | -$272.0K |
| Operating Expenses | $55M |
| Cost & Expenses | $70M |
| OPERATING INCOME | -$9M |
| Interest Income | $481.0K |
| Interest Expense | $708.0K |
| Other Income/Expenses | -$499.0K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $8.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $2M |
| EBIT | -$9M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $26.0K |
| Change in Working Capital | $18M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $416M |
| FREE CASH FLOW | $848.0K |
| Net Change in Cash | $416M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $427M |
| Short-Term Investments | $0 |
| Net Receivables | $26M |
| Inventory | $13M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $474M |
| PP&E (Net) | $47M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $52M |
| TOTAL NON-CURRENT ASSETS | $99M |
| TOTAL ASSETS | $573M |
| Account Payables | $12M |
| Short-Term Debt | $7M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $48M |
| Long-Term Debt | $22M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $80M |
| TOTAL NON-CURRENT LIABILITIES | $103M |
| TOTAL LIABILITIES | $151M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $677M |
| Retained Earnings | -$255M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$160.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $421M |
| Minority Interest | $0 |
| TOTAL EQUITY | $421M |
| TOTAL LIABILITIES & EQUITY | $573M |
| Total Debt | $30M |
| Net Debt | -$398M |
