| Metric | Q2 2021 | Q1 2021 | Q2 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $221M | $178M | $104M | 24.2% | 112.1% |
| Op. Income | -$146M | -$186M | -$199M | 21.5% | 26.5% |
| Gross Margin | 82.4% | 82.5% | 80.8% | -0.1pp | 1.6pp |
| Net Margin | -85.9% | -112.8% | -172.4% | 26.9pp | 86.5pp |
| EPS (Diluted) | $-1.61 | $-1.71 | $-1.56 | 5.8% | -3.2% |
| Free Cash Flow | -$133M | -$253M | -$152M | 47.4% | 12.4% |
| Item | Amount |
|---|---|
| REVENUE | $221M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $182M |
| R&D Expenses | $183M |
| Selling & Marketing | $0 |
| General & Administrative | $145M |
| SG&A Expenses | $145M |
| Other Expenses | -$140.0K |
| Operating Expenses | $328M |
| Cost & Expenses | $367M |
| OPERATING INCOME | -$146M |
| Interest Income | $409.0K |
| Interest Expense | $33M |
| Other Income/Expenses | -$42M |
| INCOME BEFORE TAX | -$188M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$190M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$190M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$190M |
| D&A | $12M |
| EBIT | -$155M |
| EBITDA | -$143M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$190M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $30M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | -$122M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$169M |
| Sales/Maturities of Investments | $337M |
| Other Investing Activities | -$165.0K |
| NET CASH FROM INVESTING | $157M |
| Net Debt Issuance | $244M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $330M |
| FREE CASH FLOW | -$133M |
| Net Change in Cash | $366M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $746M |
| Short-Term Investments | $1.2B |
| Net Receivables | $647M |
| Inventory | $84M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $709M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $75M |
| TOTAL NON-CURRENT ASSETS | $784M |
| TOTAL ASSETS | $3.5B |
| Account Payables | $53M |
| Short-Term Debt | $0 |
| Deferred Revenue | $98M |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $555M |
| Long-Term Debt | $433M |
| Deferred Revenue NC | $202M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $5.9B |
| Retained Earnings | -$5.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$36M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $853M |
| Minority Interest | $0 |
| TOTAL EQUITY | $853M |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $761M |
| Net Debt | $15M |
