Q3 2020 Earnings

Reported September 29, 2020

Quarter Comparison

Revenue

Operating Income

EPS (Diluted)

Free Cash Flow

Metric	Q3 2020	Q2 2020	Q3 2019	QoQ Change	YoY Change
Revenue	$0	$0	—	—	—
Op. Income	-$6M	-$5M	—	-18.3%	—
EPS (Diluted)	$-0.30	$-0.25	—	-20.0%	—
Free Cash Flow	-$8M	-$5M	—	-42.9%	—

Income Statement

Item	Amount
REVENUE	$0
Cost of Revenue	$0
GROSS PROFIT	$0
R&D Expenses	$5M
Selling & Marketing	$0
General & Administrative	$914.0K
SG&A Expenses	$914.0K
Other Expenses	$0
Operating Expenses	$6M
Cost & Expenses	$6M
OPERATING INCOME	-$6M
Interest Income	$2.0K
Interest Expense	$0
Other Income/Expenses	-$172.0K
INCOME BEFORE TAX	-$7M
Income Tax Expense	$0
Net Income from Continuing Ops	-$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$7M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$7M
D&A	$171.0K
EBIT	-$6M
EBITDA	-$6M
EPS	-$0
EPS Diluted	-$0

Cash Flow Statement

Item	Amount
Net Income	-$7M
Depreciation & Amortization	$171.0K
Stock-Based Compensation	$45.0K
Deferred Income Tax	-$1.0K
Other Non-Cash Items	$1.0K
Change in Working Capital	-$550.0K
OPERATING CASH FLOW	-$7M
Capital Expenditure	-$930.0K
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$930.0K
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$252.0K
NET CASH FROM FINANCING	$48M
FREE CASH FLOW	-$8M
Net Change in Cash	$40M