| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $745M | $600M | $343M | 24.3% | 117.2% |
| Op. Income | -$48M | -$63M | -$10M | 22.5% | -370.5% |
| Gross Margin | 46.3% | 54.8% | 89.3% | -8.4pp | -43.0pp |
| Net Margin | -8.7% | -12.0% | -0.1% | 3.3pp | -8.5pp |
| EPS (Diluted) | $-0.31 | $-0.35 | $-0.00 | 11.4% | -12816.7% |
| Free Cash Flow | -$318M | -$249M | $13M | -27.5% | -2581.7% |
| Item | Amount |
|---|---|
| REVENUE | $745M |
| Cost of Revenue | $400M |
| GROSS PROFIT | $345M |
| R&D Expenses | $124M |
| Selling & Marketing | $181M |
| General & Administrative | $88M |
| SG&A Expenses | $270M |
| Other Expenses | $0 |
| Operating Expenses | $394M |
| Cost & Expenses | $794M |
| OPERATING INCOME | -$48M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | -$66M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$65M |
| D&A | $28M |
| EBIT | -$39M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$65M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $42M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $22M |
| Change in Working Capital | -$323M |
| OPERATING CASH FLOW | -$296M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $6M |
| Purchases of Investments | -$177M |
| Sales/Maturities of Investments | $320M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | $121M |
| Net Debt Issuance | $1.4B |
| Common Stock Repurchased | -$3.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$143M |
| NET CASH FROM FINANCING | $1.2B |
| FREE CASH FLOW | -$318M |
| Net Change in Cash | $1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $532M |
| Net Receivables | $78M |
| Inventory | $879M |
| Other Current Assets | $112M |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $373M |
| Goodwill | $2.0B |
| Intangible Assets | $198M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $62M |
| TOTAL NON-CURRENT ASSETS | $2.6B |
| TOTAL ASSETS | $6.1B |
| Account Payables | $10M |
| Short-Term Debt | $728M |
| Deferred Revenue | $42M |
| Other Current Liabilities | $34M |
| TOTAL CURRENT LIABILITIES | $908M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $21.0K |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | -$876M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $784.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $6.1B |
| Total Debt | $2.4B |
| Net Debt | $657M |
