| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $6M | $6M | 19.5% | 27.9% |
| Op. Income | -$42M | -$32M | -$21M | -30.1% | -102.7% |
| Gross Margin | -382.6% | -329.3% | -267.7% | -53.3pp | -114.9pp |
| Net Margin | -558.1% | -508.7% | -331.1% | -49.4pp | -226.9pp |
| EPS (Diluted) | $-0.53 | $-0.45 | $-0.27 | -17.8% | -96.3% |
| Free Cash Flow | -$36M | -$30M | -$26M | -18.0% | -40.2% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $35M |
| GROSS PROFIT | -$27M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | -$35M |
| Operating Expenses | $15M |
| Cost & Expenses | $49M |
| OPERATING INCOME | -$42M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$40M |
| D&A | $1M |
| EBIT | -$42M |
| EBITDA | -$41M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$40M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$231.0K |
| Change in Working Capital | -$448.0K |
| OPERATING CASH FLOW | -$32M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$203M |
| Sales/Maturities of Investments | $82M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$125M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $228M |
| FREE CASH FLOW | -$36M |
| Net Change in Cash | $71M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $161M |
| Short-Term Investments | $388M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $556M |
| PP&E (Net) | $61M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $63M |
| TOTAL ASSETS | $619M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $32M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $72M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $114M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $493.0K |
| TOTAL NON-CURRENT LIABILITIES | $155M |
| TOTAL LIABILITIES | $227M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $649M |
| Retained Earnings | -$260M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $392M |
| Minority Interest | $0 |
| TOTAL EQUITY | $392M |
| TOTAL LIABILITIES & EQUITY | $619M |
| Total Debt | $47M |
| Net Debt | -$114M |
