Q3 2019 Earnings

Reported September 30, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q3 2019	Q2 2019	Q3 2018	QoQ Change	YoY Change
Revenue	$96M	—	$102M	—	-5.8%
Op. Income	-$17M	—	-$9M	—	-96.8%
Gross Margin	56.8%	—	66.4%	—	-9.6pp
Net Margin	-16.5%	—	-12.3%	—	-4.2pp
EPS (Diluted)	$-1.49	—	$-1.17	—	-27.5%

Income Statement

Item	Amount
REVENUE	$96M
Cost of Revenue	$42M
GROSS PROFIT	$55M
R&D Expenses	$4M
Selling & Marketing	$40M
General & Administrative	$29M
SG&A Expenses	$68M
Other Expenses	$0
Operating Expenses	$72M
Cost & Expenses	$114M
OPERATING INCOME	-$17M
Interest Income	$840.0K
Interest Expense	$0
Other Income/Expenses	$1M
INCOME BEFORE TAX	-$16M
Income Tax Expense	-$165.8K
Net Income from Continuing Ops	-$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$16M
D&A	$0
EBIT	-$17M
EBITDA	-$17M
EPS	-$1
EPS Diluted	-$1