Q1 2020 Earnings

Reported March 31, 2020

Quarter Comparison

Revenue

Operating Income

EPS (Diluted)

Free Cash Flow

Metric	Q1 2020	Q4 2019	Q1 2019	QoQ Change	YoY Change
Revenue	$0	—	—	—	—
Op. Income	-$5M	—	—	—	—
EPS (Diluted)	$-0.12	—	—	—	—
Free Cash Flow	$520.0K	—	—	—	—

Income Statement

Item	Amount
REVENUE	$0
Cost of Revenue	$0
GROSS PROFIT	$0
R&D Expenses	$3M
Selling & Marketing	$0
General & Administrative	$1M
SG&A Expenses	$1M
Other Expenses	$0
Operating Expenses	$5M
Cost & Expenses	$5M
OPERATING INCOME	-$5M
Interest Income	$0
Interest Expense	$276.0K
Other Income/Expenses	$2M
INCOME BEFORE TAX	-$3M
Income Tax Expense	$0
Net Income from Continuing Ops	-$3M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$3M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$3M
D&A	$25.0K
EBIT	-$2M
EBITDA	-$2M
EPS	-$0
EPS Diluted	-$0

Cash Flow Statement

Item	Amount
Net Income	-$3M
Depreciation & Amortization	$25.0K
Stock-Based Compensation	$125.0K
Deferred Income Tax	$0
Other Non-Cash Items	-$119.0K
Change in Working Capital	$3M
OPERATING CASH FLOW	$530.0K
Capital Expenditure	-$10.0K
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$10.0K
Net Debt Issuance	$4M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$55.0K
NET CASH FROM FINANCING	$4M
FREE CASH FLOW	$520.0K
Net Change in Cash	$4M