| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $454M | $365M | $300M | 24.3% | 51.4% |
| Op. Income | -$63M | -$98M | -$11M | 35.8% | -452.0% |
| Gross Margin | 66.7% | 81.5% | 92.0% | -14.9pp | -25.4pp |
| Net Margin | -14.9% | -26.7% | -6.2% | 11.9pp | -8.7pp |
| EPS (Diluted) | $-0.33 | $-0.48 | $-0.10 | 31.2% | -239.9% |
| Free Cash Flow | -$163M | -$125M | $8M | -30.8% | -2199.5% |
| Item | Amount |
|---|---|
| REVENUE | $454M |
| Cost of Revenue | $151M |
| GROSS PROFIT | $303M |
| R&D Expenses | $108M |
| Selling & Marketing | $162M |
| General & Administrative | $96M |
| SG&A Expenses | $257M |
| Other Expenses | $0 |
| Operating Expenses | $365M |
| Cost & Expenses | $516M |
| OPERATING INCOME | -$63M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$70M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$68M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$68M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$68M |
| D&A | $25M |
| EBIT | -$54M |
| EBITDA | -$29M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$68M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $66M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$184M |
| OPERATING CASH FLOW | -$146M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | -$176M |
| Sales/Maturities of Investments | $302M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | $108M |
| Net Debt Issuance | $124M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $14M |
| NET CASH FROM FINANCING | $138M |
| FREE CASH FLOW | -$163M |
| Net Change in Cash | $101M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $737M |
| Short-Term Investments | $781M |
| Net Receivables | $71M |
| Inventory | $325M |
| Other Current Assets | $57M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $244M |
| Goodwill | $2.0B |
| Intangible Assets | $208M |
| Long-Term Investments | $10M |
| Tax Assets | -$10M |
| Other Non-Current Assets | $63M |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $4.5B |
| Account Payables | $8M |
| Short-Term Debt | $274M |
| Deferred Revenue | $36M |
| Other Current Liabilities | $63M |
| TOTAL CURRENT LIABILITIES | $431M |
| Long-Term Debt | $810M |
| Deferred Revenue NC | -$102M |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | -$102M |
| TOTAL NON-CURRENT LIABILITIES | $826M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $21.0K |
| Additional Paid-In Capital | $4.0B |
| Retained Earnings | -$739M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $197.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $4.5B |
| Total Debt | $1.1B |
| Net Debt | $367M |
