| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33M | $20M | $2M | 59.9% | 1527.2% |
| Op. Income | -$14M | -$18M | -$23M | 22.7% | 40.6% |
| Gross Margin | -11.9% | -45.7% | -742.3% | 33.9pp | 730.5pp |
| Net Margin | -38.5% | -73.4% | -1122.1% | 35.0pp | 1083.6pp |
| EPS (Diluted) | $-0.34 | $-0.41 | $-0.70 | 17.1% | 51.4% |
| Free Cash Flow | -$27M | -$23M | -$25M | -17.5% | -7.5% |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $37M |
| GROSS PROFIT | -$4M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | -$37M |
| Operating Expenses | $10M |
| Cost & Expenses | $46M |
| OPERATING INCOME | -$14M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $758.0K |
| EBIT | -$14M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $758.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $1.0K |
| Purchases of Investments | -$85M |
| Sales/Maturities of Investments | $115M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $26M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $300.0K |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $86M |
| Short-Term Investments | $195M |
| Net Receivables | $19M |
| Inventory | $2M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $305M |
| PP&E (Net) | $46M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $50M |
| TOTAL ASSETS | $355M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $47M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $76M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $194M |
| Deferred Tax Liabilities | -$47M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $179M |
| TOTAL LIABILITIES | $255M |
| Common Stock | $37.0K |
| Additional Paid-In Capital | $412M |
| Retained Earnings | -$313M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$104.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $100M |
| Minority Interest | $0 |
| TOTAL EQUITY | $100M |
| TOTAL LIABILITIES & EQUITY | $355M |
| Total Debt | $34M |
| Net Debt | -$52M |
