| Metric | Q2 2021 | Q1 2021 | Q2 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $163M | $133M | $106M | 22.7% | 53.9% |
| Op. Income | -$55M | -$59M | -$103M | 8.0% | 47.0% |
| Gross Margin | 99.9% | 100.0% | -62.3% | -0.0pp | 162.2pp |
| Net Margin | -46.0% | 8.2% | -126.6% | -54.2pp | 80.6pp |
| EPS (Diluted) | $-1.15 | $0.16 | $-2.07 | -800.0% | 44.6% |
| Free Cash Flow | -$109M | -$152M | -$179M | 28.2% | 39.0% |
| Item | Amount |
|---|---|
| REVENUE | $163M |
| Cost of Revenue | $108.7K |
| GROSS PROFIT | $163M |
| R&D Expenses | $162M |
| Selling & Marketing | -$5M |
| General & Administrative | $53M |
| SG&A Expenses | $49M |
| Other Expenses | $7M |
| Operating Expenses | $218M |
| Cost & Expenses | $218M |
| OPERATING INCOME | -$55M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | -$76M |
| Income Tax Expense | -$736.6K |
| Net Income from Continuing Ops | -$75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$75M |
| D&A | $19M |
| EBIT | -$72M |
| EBITDA | -$54M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$75M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | -$736.6K |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$86M |
| OPERATING CASH FLOW | -$96M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$588M |
| Sales/Maturities of Investments | $814M |
| Other Investing Activities | -$468.8K |
| NET CASH FROM INVESTING | $213M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $380.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$109M |
| Net Change in Cash | $104M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.1B |
| Short-Term Investments | $2.8B |
| Net Receivables | $133M |
| Inventory | $0 |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $6.0B |
| PP&E (Net) | $131M |
| Goodwill | $0 |
| Intangible Assets | $74M |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | $142M |
| TOTAL NON-CURRENT ASSETS | $352M |
| TOTAL ASSETS | $6.3B |
| Account Payables | $177M |
| Short-Term Debt | $0 |
| Deferred Revenue | $489M |
| Other Current Liabilities | $392.8K |
| TOTAL CURRENT LIABILITIES | $675M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2.5B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $341M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | -$403M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $33M |
| Net Debt | -$3.1B |
