Q3 2019 Earnings

Reported September 29, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q3 2019	Q2 2019	Q3 2018	QoQ Change	YoY Change
Revenue	$15M	$8M	—	94.9%	—
Op. Income	-$47M	-$36M	—	-29.8%	—
Gross Margin	47.5%	56.8%	—	-9.3pp	—
Net Margin	-437.2%	-708.8%	—	271.6pp	—
EPS (Diluted)	$-58.01	$-49.68	—	-16.8%	—

Income Statement

Item	Amount
REVENUE	$15M
Cost of Revenue	$8M
GROSS PROFIT	$7M
R&D Expenses	$18M
Selling & Marketing	$32M
General & Administrative	$4M
SG&A Expenses	$36M
Other Expenses	$0
Operating Expenses	$53M
Cost & Expenses	$61M
OPERATING INCOME	-$47M
Interest Income	$676.5K
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	-$45M
Income Tax Expense	$0
Net Income from Continuing Ops	-$45M
Net Income from Discontinued Ops	$0
Other Adjustments	-$22M
NET INCOME	-$67M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$67M
D&A	$873.6K
EBIT	-$47M
EBITDA	-$46M
EPS	-$58
EPS Diluted	-$58