| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $73M | $66M | $88M | 10.5% | -17.1% |
| Op. Income | -$14M | -$16M | $5M | 12.3% | -411.2% |
| Gross Margin | 86.7% | 86.6% | 91.1% | 0.1pp | -4.4pp |
| Net Margin | -20.2% | -25.9% | 7.4% | 5.7pp | -27.6pp |
| EPS (Diluted) | $-0.16 | $-0.19 | $0.07 | 15.8% | -339.9% |
| Free Cash Flow | -$11M | -$18M | $874.0K | 37.8% | -1379.2% |
| Item | Amount |
|---|---|
| REVENUE | $73M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $63M |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $55M |
| Other Expenses | $0 |
| Operating Expenses | $77M |
| Cost & Expenses | $87M |
| OPERATING INCOME | -$14M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $156.0K |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $801.0K |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $4M |
| EBIT | -$14M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$7.0K |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $1.0K |
| Purchases of Investments | -$139.0K |
| Sales/Maturities of Investments | $27M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $16M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $271.0K |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $69M |
| Short-Term Investments | $52M |
| Net Receivables | $76M |
| Inventory | $0 |
| Other Current Assets | $317.0K |
| TOTAL CURRENT ASSETS | $205M |
| PP&E (Net) | $91M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $113M |
| TOTAL ASSETS | $318M |
| Account Payables | $997.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $96M |
| Other Current Liabilities | $39M |
| TOTAL CURRENT LIABILITIES | $160M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $65M |
| TOTAL LIABILITIES | $225M |
| Common Stock | $31.0K |
| Additional Paid-In Capital | $311M |
| Retained Earnings | -$217M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$449.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $94M |
| Minority Interest | $0 |
| TOTAL EQUITY | $94M |
| TOTAL LIABILITIES & EQUITY | $318M |
| Total Debt | $57M |
| Net Debt | -$12M |
