| Metric | Q1 2021 | Q4 2020 | Q1 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $38M | $0 | $0 | — | — |
| Op. Income | -$33M | -$69M | -$58M | 52.1% | 42.4% |
| Gross Margin | 100.0% | — | — | — | — |
| Net Margin | -86.1% | — | — | — | — |
| EPS (Diluted) | $-0.25 | $-0.53 | $-0.50 | 52.8% | 50.0% |
| Free Cash Flow | -$56M | -$27M | -$53M | -103.8% | -5.1% |
| Item | Amount |
|---|---|
| REVENUE | $38M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $38M |
| R&D Expenses | $55M |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $72M |
| Cost & Expenses | $72M |
| OPERATING INCOME | -$33M |
| Interest Income | $511.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $186.0K |
| INCOME BEFORE TAX | -$33M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$33M |
| D&A | $2M |
| EBIT | -$33M |
| EBITDA | -$31M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$33M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$39M |
| OPERATING CASH FLOW | -$49M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | -$16M |
| Purchases of Investments | -$149M |
| Sales/Maturities of Investments | $268M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $97M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$56M |
| Net Change in Cash | $54M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $237M |
| Short-Term Investments | $463M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $716M |
| PP&E (Net) | $163M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $284M |
| Tax Assets | $0 |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $463M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $239.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $55M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $54M |
| TOTAL LIABILITIES | $109M |
| Common Stock | $141.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$679M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$101.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $52M |
| Net Debt | -$185M |
