| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $86M | $79M | $56M | 8.8% | 53.3% |
| Op. Income | -$5M | -$7M | -$6M | 32.8% | 23.7% |
| Gross Margin | 79.5% | 81.1% | 79.5% | -1.6pp | -0.0pp |
| Net Margin | -6.1% | -15.5% | -12.4% | 9.3pp | 6.3pp |
| EPS (Diluted) | $-0.04 | $-0.10 | $-0.06 | 57.4% | 28.4% |
| Free Cash Flow | $8M | $5M | $12M | 64.8% | -36.6% |
| Item | Amount |
|---|---|
| REVENUE | $86M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $68M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $57M |
| Other Expenses | $0 |
| Operating Expenses | $73M |
| Cost & Expenses | $91M |
| OPERATING INCOME | -$5M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$767.0K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $9M |
| EBIT | -$6M |
| EBITDA | $3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $18M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | -$11M |
| Purchases of Investments | -$63M |
| Sales/Maturities of Investments | $75M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $14M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $78M |
| Short-Term Investments | $286M |
| Net Receivables | $93M |
| Inventory | $0 |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $496M |
| PP&E (Net) | $41M |
| Goodwill | $7M |
| Intangible Assets | $9M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $51M |
| TOTAL NON-CURRENT ASSETS | $108M |
| TOTAL ASSETS | $604M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $221M |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $262M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $30M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $34M |
| TOTAL LIABILITIES | $296M |
| Common Stock | $127.0K |
| Additional Paid-In Capital | $533M |
| Retained Earnings | -$224M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $268.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $309M |
| Minority Interest | $0 |
| TOTAL EQUITY | $309M |
| TOTAL LIABILITIES & EQUITY | $604M |
| Total Debt | $0 |
| Net Debt | -$78M |
