| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34M | $18M | $9M | 84.8% | 253.0% |
| Op. Income | -$40M | -$47M | -$42M | 14.9% | 3.3% |
| Gross Margin | 98.8% | 95.5% | -179.3% | 3.3pp | 278.2pp |
| Net Margin | -138.5% | -291.8% | -457.3% | 153.3pp | 318.8pp |
| EPS (Diluted) | $-9.51 | $-11.74 | $-10.69 | 19.0% | 11.0% |
| Free Cash Flow | -$40M | -$45M | -$48M | 10.5% | 16.4% |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $396.0K |
| GROSS PROFIT | $33M |
| R&D Expenses | $43M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $31M |
| Other Expenses | -$61.0K |
| Operating Expenses | $73M |
| Cost & Expenses | $74M |
| OPERATING INCOME | -$40M |
| Interest Income | $849.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$46M |
| Income Tax Expense | $137.0K |
| Net Income from Continuing Ops | -$46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$46M |
| D&A | $238.0K |
| EBIT | -$40M |
| EBITDA | -$39M |
| EPS | -$10 |
| EPS Diluted | -$10 |
| Item | Amount |
|---|---|
| Net Income | -$46M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $389.0K |
| OPERATING CASH FLOW | -$40M |
| Capital Expenditure | -$16.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$60M |
| NET CASH FROM INVESTING | -$60M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$40M |
| Net Change in Cash | -$98M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $103M |
| Short-Term Investments | $194M |
| Net Receivables | $10M |
| Inventory | $2M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $318M |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $49M |
| Tax Assets | $0 |
| Other Non-Current Assets | $714.0K |
| TOTAL NON-CURRENT ASSETS | $62M |
| TOTAL ASSETS | $380M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $297.0K |
| Other Current Liabilities | $628.0K |
| TOTAL CURRENT LIABILITIES | $51M |
| Long-Term Debt | $114M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $74M |
| TOTAL NON-CURRENT LIABILITIES | $200M |
| TOTAL LIABILITIES | $250M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$973M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $891.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $130M |
| Minority Interest | $0 |
| TOTAL EQUITY | $130M |
| TOTAL LIABILITIES & EQUITY | $380M |
| Total Debt | $128M |
| Net Debt | $25M |
