Q1 2020 Earnings

Reported March 31, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q1 2020	Q4 2019	Q1 2019	QoQ Change	YoY Change
Revenue	$5M	$6M	$5M	-8.3%	-8.0%
Op. Income	-$220.0K	-$68.5K	$624.7K	-221.0%	-135.2%
Gross Margin	47.0%	43.1%	54.7%	3.9pp	-7.8pp
Net Margin	-3.0%	-4.5%	11.1%	1.5pp	-14.2pp
EPS (Diluted)	$-0.00	$-0.00	$0.01	39.1%	-124.8%

Income Statement

Item	Amount
REVENUE	$5M
Cost of Revenue	$3M
GROSS PROFIT	$2M
R&D Expenses	$309.1K
Selling & Marketing	$1M
General & Administrative	$1M
SG&A Expenses	$2M
Other Expenses	$0
Operating Expenses	$3M
Cost & Expenses	$5M
OPERATING INCOME	-$220.0K
Interest Income	$0
Interest Expense	$34.2K
Other Income/Expenses	$66.8K
INCOME BEFORE TAX	-$153.0K
Income Tax Expense	$0
Net Income from Continuing Ops	-$153.0K
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$153.0K
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$153.0K
D&A	$233.9K
EBIT	-$220.0K
EBITDA	$13.7K
EPS	-$0
EPS Diluted	-$0