| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $13M | $13M | 8.4% | 11.4% |
| Op. Income | -$1M | -$2M | -$2M | 52.2% | 49.2% |
| Gross Margin | 36.3% | 55.0% | 45.3% | -18.7pp | -9.0pp |
| Net Margin | -25.5% | -16.0% | -7.8% | -9.5pp | -17.7pp |
| EPS (Diluted) | $-0.41 | $-0.24 | $-0.11 | -70.8% | -272.7% |
| Free Cash Flow | $3M | -$10M | $4M | 134.7% | -22.5% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $5M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$1M |
| Interest Income | $354.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$975.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | -$327.0K |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $157.0K |
| EBIT | $777.0K |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $157.0K |
| Stock-Based Compensation | $335.0K |
| Deferred Income Tax | -$300.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$6.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $35M |
| Short-Term Investments | $2M |
| Net Receivables | $79M |
| Inventory | $7M |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $138M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $3M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $13M |
| TOTAL ASSETS | $151M |
| Account Payables | $31M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | -$1M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $51M |
| Common Stock | $123.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.2B |
| Treasury Stock | -$12M |
| Accum. Other Comp. Income | $62M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $100M |
| Minority Interest | $0 |
| TOTAL EQUITY | $100M |
| TOTAL LIABILITIES & EQUITY | $151M |
| Total Debt | $2M |
| Net Debt | -$33M |
