| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $600M | $454M | $325M | 32.0% | 84.3% |
| Op. Income | -$63M | -$63M | -$10M | 0.3% | -551.8% |
| Gross Margin | 54.8% | 66.7% | 92.2% | -11.9pp | -37.4pp |
| Net Margin | -12.0% | -14.9% | -1.0% | 2.9pp | -11.1pp |
| EPS (Diluted) | $-0.35 | $-0.33 | $-0.02 | -6.1% | -2101.3% |
| Free Cash Flow | -$249M | -$163M | $29M | -53.0% | -951.3% |
| Item | Amount |
|---|---|
| REVENUE | $600M |
| Cost of Revenue | $271M |
| GROSS PROFIT | $328M |
| R&D Expenses | $120M |
| Selling & Marketing | $187M |
| General & Administrative | $83M |
| SG&A Expenses | $270M |
| Other Expenses | $0 |
| Operating Expenses | $391M |
| Cost & Expenses | $662M |
| OPERATING INCOME | -$63M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$72M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$72M |
| D&A | $27M |
| EBIT | -$53M |
| EBITDA | -$26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$72M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $44M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $29M |
| Change in Working Capital | -$246M |
| OPERATING CASH FLOW | -$228M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $6M |
| Purchases of Investments | -$126M |
| Sales/Maturities of Investments | $237M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | $90M |
| Net Debt Issuance | $166M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $19M |
| NET CASH FROM FINANCING | $185M |
| FREE CASH FLOW | -$249M |
| Net Change in Cash | $46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $767M |
| Short-Term Investments | $673M |
| Net Receivables | $82M |
| Inventory | $553M |
| Other Current Assets | $83M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $356M |
| Goodwill | $2.0B |
| Intangible Assets | $203M |
| Long-Term Investments | $10M |
| Tax Assets | -$10M |
| Other Non-Current Assets | $63M |
| TOTAL NON-CURRENT ASSETS | $2.6B |
| TOTAL ASSETS | $4.8B |
| Account Payables | $8M |
| Short-Term Debt | $440M |
| Deferred Revenue | $37M |
| Other Current Liabilities | $32M |
| TOTAL CURRENT LIABILITIES | $604M |
| Long-Term Debt | $717M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $944M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $21.0K |
| Additional Paid-In Capital | $4.1B |
| Retained Earnings | -$811M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $896.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $1.4B |
| Net Debt | $620M |
