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	-$13M	-$11M	—	-21.7%	—
EPS (Diluted)	$-0.31	$-0.37	—	16.2%	—
Free Cash Flow	-$14M	-$13M	—	-8.5%	—

Income Statement

Item	Amount
REVENUE	$0
Cost of Revenue	$0
GROSS PROFIT	$0
R&D Expenses	$11M
Selling & Marketing	$0
General & Administrative	$2M
SG&A Expenses	$2M
Other Expenses	$0
Operating Expenses	$13M
Cost & Expenses	$13M
OPERATING INCOME	-$13M
Interest Expense	$59.0K
Other Income/Expenses	$61.0K
INCOME BEFORE TAX	-$13M
Income Tax Expense	$0
Net Income from Continuing Ops	-$13M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$13M
D&A	$410.0K
EBIT	-$13M
EBITDA	-$13M
EPS	-$0
EPS Diluted	-$0

Cash Flow Statement

Item	Amount
Net Income	-$13M
Depreciation & Amortization	$410.0K
Stock-Based Compensation	$144.0K
Deferred Income Tax	$0
Other Non-Cash Items	$124.0K
Change in Working Capital	$3M
OPERATING CASH FLOW	-$9M
Capital Expenditure	-$5M
Acquisitions (Net)	$0
Purchases of Investments	-$9M
Sales/Maturities of Investments	$14M
Other Investing Activities	$0
NET CASH FROM INVESTING	$476.0K
Net Debt Issuance	$10M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$133.0K
NET CASH FROM FINANCING	$10M
FREE CASH FLOW	-$14M
Net Change in Cash	$0