| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $56M | $88M | $54M | -35.6% | 5.3% |
| Op. Income | -$22M | $5M | -$15M | -588.9% | -42.0% |
| Gross Margin | 85.2% | 91.1% | 88.0% | -5.9pp | -2.7pp |
| Net Margin | -40.2% | 7.4% | -28.1% | -47.6pp | -12.1pp |
| EPS (Diluted) | $-0.25 | $0.07 | $-0.18 | -474.8% | -38.9% |
| Free Cash Flow | $9M | $874.0K | $16M | 924.3% | -45.3% |
| Item | Amount |
|---|---|
| REVENUE | $56M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $48M |
| R&D Expenses | $19M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $51M |
| Other Expenses | $0 |
| Operating Expenses | $70M |
| Cost & Expenses | $78M |
| OPERATING INCOME | -$22M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$128.0K |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $510.0K |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $3M |
| EBIT | -$22M |
| EBITDA | -$19M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $21M |
| OPERATING CASH FLOW | $14M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$12.0K |
| Sales/Maturities of Investments | $11M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $64M |
| Short-Term Investments | $99M |
| Net Receivables | $42M |
| Inventory | $0 |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $220M |
| PP&E (Net) | $73M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $85M |
| TOTAL ASSETS | $305M |
| Account Payables | $624.0K |
| Short-Term Debt | $3M |
| Deferred Revenue | $82M |
| Other Current Liabilities | $47M |
| TOTAL CURRENT LIABILITIES | $133M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $63M |
| TOTAL LIABILITIES | $195M |
| Common Stock | $30.0K |
| Additional Paid-In Capital | $271M |
| Retained Earnings | -$161M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$688.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $110M |
| Minority Interest | $0 |
| TOTAL EQUITY | $110M |
| TOTAL LIABILITIES & EQUITY | $305M |
| Total Debt | $56M |
| Net Debt | -$8M |
