| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $66M | $60M | $67M | 10.1% | -2.1% |
| Op. Income | -$16M | -$24M | -$7M | 33.5% | -133.8% |
| Gross Margin | 86.6% | 85.9% | 89.5% | 0.7pp | -2.8pp |
| Net Margin | -25.9% | -41.1% | -10.9% | 15.2pp | -15.0pp |
| EPS (Diluted) | $-0.19 | $-0.27 | $-0.08 | 29.6% | -128.1% |
| Free Cash Flow | -$18M | -$16M | -$5M | -13.2% | -244.1% |
| Item | Amount |
|---|---|
| REVENUE | $66M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $57M |
| R&D Expenses | $20M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $73M |
| Cost & Expenses | $82M |
| OPERATING INCOME | -$16M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$482.0K |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $530.0K |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $6M |
| EBIT | -$16M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $395.0K |
| 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 | $3M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53M |
| Short-Term Investments | $78M |
| Net Receivables | $52M |
| Inventory | $0 |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $198M |
| PP&E (Net) | $84M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $100M |
| TOTAL ASSETS | $298M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $77M |
| Other Current Liabilities | $54M |
| TOTAL CURRENT LIABILITIES | $134M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $67M |
| TOTAL LIABILITIES | $200M |
| Common Stock | $30.0K |
| Additional Paid-In Capital | $299M |
| Retained Earnings | -$202M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $771.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $98M |
| Minority Interest | $0 |
| TOTAL EQUITY | $98M |
| TOTAL LIABILITIES & EQUITY | $298M |
| Total Debt | $59M |
| Net Debt | $6M |
