| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $3M | $0 | 400.0% | — |
| Op. Income | -$10M | -$22M | -$25M | 53.9% | 58.6% |
| Gross Margin | -39.8% | -614.2% | — | 574.4pp | — |
| Net Margin | -55.1% | -675.4% | — | 620.4pp | — |
| EPS (Diluted) | $-0.30 | $-0.75 | $-0.82 | 60.0% | 63.4% |
| Free Cash Flow | -$15M | -$16M | -$16M | 4.5% | 6.6% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $21M |
| GROSS PROFIT | -$6M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | -$21M |
| Operating Expenses | $4M |
| Cost & Expenses | $25M |
| OPERATING INCOME | -$10M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $140.0K |
| EBIT | -$8M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $140.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$8.0K |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$87.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$74M |
| Sales/Maturities of Investments | $85M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $11M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $165M |
| Short-Term Investments | $197M |
| Net Receivables | $5M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $371M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $50M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $53M |
| TOTAL ASSETS | $424M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $419.0K |
| TOTAL NON-CURRENT LIABILITIES | $419.0K |
| TOTAL LIABILITIES | $24M |
| Common Stock | $27.0K |
| Additional Paid-In Capital | $652M |
| Retained Earnings | -$252M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $401M |
| Minority Interest | $0 |
| TOTAL EQUITY | $401M |
| TOTAL LIABILITIES & EQUITY | $424M |
| Total Debt | $898.0K |
| Net Debt | -$164M |
