| Metric | Q2 2021 | Q1 2021 | Q2 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | $32M | $28M | -36.6% | -27.1% |
| Op. Income | -$30M | -$12M | -$12M | -141.5% | -150.1% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -109.5% | -26.2% | -21.7% | -83.3pp | -87.8pp |
| EPS (Diluted) | $-1.09 | $-0.41 | $-0.30 | -165.9% | -263.3% |
| Free Cash Flow | -$5M | -$15M | $14M | 68.8% | -132.9% |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $20M |
| R&D Expenses | $42M |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $50M |
| Cost & Expenses | $50M |
| OPERATING INCOME | -$30M |
| Interest Income | $545.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $545.0K |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | -$7M |
| 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 | $834.0K |
| EBIT | -$30M |
| EBITDA | -$29M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $834.0K |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $525.0K |
| Other Non-Cash Items | -$213.0K |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$130.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$67M |
| Sales/Maturities of Investments | $93M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $25M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $77M |
| Short-Term Investments | $299M |
| Net Receivables | $20M |
| Inventory | $0 |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $428M |
| PP&E (Net) | $14M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $25M |
| Tax Assets | $345.0K |
| Other Non-Current Assets | $92.0K |
| TOTAL NON-CURRENT ASSETS | $40M |
| TOTAL ASSETS | $468M |
| Account Payables | $6M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $27M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $994.0K |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $32M |
| Common Stock | $202.0K |
| Additional Paid-In Capital | $339M |
| Retained Earnings | $97M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $55.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $436M |
| Minority Interest | $0 |
| TOTAL EQUITY | $436M |
| TOTAL LIABILITIES & EQUITY | $468M |
| Total Debt | $9M |
| Net Debt | -$68M |
