| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $1M | $2M | 39.1% | 3.2% |
| Op. Income | -$13M | -$12M | -$8M | -8.1% | -57.5% |
| Gross Margin | 100.0% | -588.6% | -329.5% | 688.6pp | 429.5pp |
| Net Margin | -771.2% | -1003.0% | -671.3% | 231.8pp | -99.9pp |
| EPS (Diluted) | $-0.67 | $-0.63 | $-1.40 | -6.3% | 52.1% |
| Free Cash Flow | -$13M | $21M | -$8M | -161.2% | -56.7% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $2M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | -$98.0K |
| Operating Expenses | $14M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$13M |
| Interest Income | $371.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $371.0K |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | -$97.0K |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $310.0K |
| EBIT | -$12M |
| EBITDA | -$12M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $310.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$1.0K |
| Other Non-Cash Items | $1.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$301.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$301.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $10.0K |
| NET CASH FROM FINANCING | $10.0K |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $97M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $113M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $119M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $28M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $31M |
| TOTAL LIABILITIES | $48M |
| Common Stock | $228.0K |
| Additional Paid-In Capital | $199M |
| Retained Earnings | -$124M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $71M |
| Minority Interest | $0 |
| TOTAL EQUITY | $71M |
| TOTAL LIABILITIES & EQUITY | $119M |
| Total Debt | $2M |
| Net Debt | -$95M |
