| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $2M | $0 | -46.1% | — |
| Op. Income | -$22M | -$19M | -$25M | -15.5% | 14.6% |
| Gross Margin | 100.0% | 100.0% | — | 0.0pp | — |
| Net Margin | -1844.4% | -879.6% | — | -964.9pp | — |
| EPS (Diluted) | $-0.25 | $-0.28 | $-0.42 | 10.7% | 40.5% |
| Free Cash Flow | -$25M | -$11M | -$17M | -124.2% | -46.2% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $1M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $23M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$22M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$604.0K |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $492.0K |
| EBIT | -$21M |
| EBITDA | -$21M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $492.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $774.0K |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$25M |
| Capital Expenditure | -$25.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$55M |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$51M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $591.0K |
| NET CASH FROM FINANCING | $591.0K |
| FREE CASH FLOW | -$25M |
| Net Change in Cash | -$75M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $106M |
| Short-Term Investments | $117M |
| Net Receivables | $750.0K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $229M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $304.0K |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $235M |
| Account Payables | $1M |
| Short-Term Debt | $10M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $43M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $44M |
| TOTAL LIABILITIES | $68M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $651M |
| Retained Earnings | -$483M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$44.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $168M |
| Minority Interest | $0 |
| TOTAL EQUITY | $168M |
| TOTAL LIABILITIES & EQUITY | $235M |
| Total Debt | $57M |
| Net Debt | -$49M |
