| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | $46M | $2M | -55.7% | 875.8% |
| Op. Income | -$18M | $9M | -$21M | -293.8% | 15.8% |
| Gross Margin | -45.7% | 45.1% | -694.3% | -90.8pp | 648.5pp |
| Net Margin | -73.4% | 24.2% | -968.9% | -97.6pp | 895.5pp |
| EPS (Diluted) | $-0.41 | $0.29 | $-0.63 | -241.4% | 34.9% |
| Free Cash Flow | -$23M | -$34M | -$18M | 32.3% | -23.0% |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $30M |
| GROSS PROFIT | -$9M |
| R&D Expenses | $30M |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $978.0K |
| Operating Expenses | $38M |
| Cost & Expenses | $38M |
| OPERATING INCOME | -$18M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $0 |
| 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 | $715.0K |
| EBIT | -$18M |
| EBITDA | -$17M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $715.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$978.0K |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$22M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$95M |
| Sales/Maturities of Investments | $119M |
| Other Investing Activities | $24M |
| NET CASH FROM INVESTING | $23M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $83M |
| Short-Term Investments | $225M |
| Net Receivables | $14M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $328M |
| PP&E (Net) | $45M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $49M |
| TOTAL ASSETS | $376M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $57M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $80M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $155M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $188M |
| TOTAL LIABILITIES | $268M |
| Common Stock | $37.0K |
| Additional Paid-In Capital | $408M |
| Retained Earnings | -$300M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$15.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $108M |
| Minority Interest | $0 |
| TOTAL EQUITY | $108M |
| TOTAL LIABILITIES & EQUITY | $376M |
| Total Debt | $35M |
| Net Debt | -$48M |
