| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $121M | — | $39M | — | 213.4% |
| Op. Income | -$54M | — | -$62M | — | 13.2% |
| Gross Margin | -11.5% | — | -151.7% | — | 140.3pp |
| Net Margin | -48.9% | — | -147.2% | — | 98.4pp |
| EPS (Diluted) | $-0.87 | — | $-1.04 | — | 16.9% |
| Free Cash Flow | -$96M | — | -$88M | — | -9.2% |
| Item | Amount |
|---|---|
| REVENUE | $121M |
| Cost of Revenue | $135M |
| GROSS PROFIT | -$14M |
| R&D Expenses | $135M |
| Selling & Marketing | $12M |
| General & Administrative | $29M |
| SG&A Expenses | $40M |
| Other Expenses | -$135M |
| Operating Expenses | $40M |
| Cost & Expenses | $175M |
| OPERATING INCOME | -$54M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$61M |
| Income Tax Expense | $392.8K |
| Net Income from Continuing Ops | -$61M |
| Net Income from Discontinued Ops | $2M |
| Other Adjustments | $0 |
| NET INCOME | -$59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$61M |
| D&A | $5M |
| EBIT | -$54M |
| EBITDA | -$49M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$59M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $392.8K |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$46M |
| OPERATING CASH FLOW | -$81M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.6B |
| Sales/Maturities of Investments | $3.7B |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | $1.1B |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$96M |
| Net Change in Cash | $1.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.2B |
| Short-Term Investments | $3.5B |
| Net Receivables | $58M |
| Inventory | $0 |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $6.8B |
| PP&E (Net) | $78M |
| Goodwill | $0 |
| Intangible Assets | $40M |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | $125M |
| TOTAL NON-CURRENT ASSETS | $248M |
| TOTAL ASSETS | $7.0B |
| Account Payables | $198M |
| Short-Term Debt | $0 |
| Deferred Revenue | $490M |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $728M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2.9B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $337M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | -$176M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $7.0B |
| Total Debt | $29M |
| Net Debt | -$3.2B |
