| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $231M | $259M | $272M | -10.9% | -14.9% |
| Op. Income | -$43M | $76M | $116M | -156.4% | -136.8% |
| Gross Margin | 96.2% | 96.4% | 97.2% | -0.2pp | -1.0pp |
| Net Margin | -13.9% | 25.8% | 35.9% | -39.6pp | -49.7pp |
| EPS (Diluted) | $-0.10 | $0.21 | $0.31 | -147.6% | -132.3% |
| Free Cash Flow | $12M | $95M | $74M | -87.5% | -83.9% |
| Item | Amount |
|---|---|
| REVENUE | $231M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $222M |
| R&D Expenses | $177M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | $565.0K |
| Operating Expenses | $265M |
| Cost & Expenses | $274M |
| OPERATING INCOME | -$43M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$38M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $2M |
| EBIT | -$43M |
| EBITDA | -$40M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $56M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $18M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$434M |
| Sales/Maturities of Investments | $232M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$208M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $12M |
| Net Change in Cash | -$193M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $334M |
| Short-Term Investments | $854M |
| Net Receivables | $166M |
| Inventory | $19M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $56M |
| Goodwill | $64M |
| Intangible Assets | $0 |
| Long-Term Investments | $358M |
| Tax Assets | $156M |
| Other Non-Current Assets | $69M |
| TOTAL NON-CURRENT ASSETS | $703M |
| TOTAL ASSETS | $2.1B |
| Account Payables | $48M |
| Short-Term Debt | $0 |
| Deferred Revenue | $9M |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $201M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $9M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $721.0K |
| TOTAL NON-CURRENT LIABILITIES | $58M |
| TOTAL LIABILITIES | $259M |
| Common Stock | $309.0K |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$476M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $48M |
| Net Debt | -$286M |
