| Metric | Q2 2021 | Q1 2021 | Q2 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23M | $23M | $34M | -2.8% | -32.6% |
| Op. Income | -$49M | -$52M | -$40M | 6.3% | -21.6% |
| Gross Margin | 95.0% | 96.0% | 98.8% | -1.0pp | -3.9pp |
| Net Margin | -237.1% | -246.8% | -138.5% | 9.8pp | -98.6pp |
| EPS (Diluted) | $-0.71 | $-0.77 | $-9.51 | 7.8% | 92.5% |
| Free Cash Flow | -$56M | -$53M | -$40M | -5.4% | -38.4% |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $21M |
| R&D Expenses | $34M |
| Selling & Marketing | $0 |
| General & Administrative | $37M |
| SG&A Expenses | $37M |
| Other Expenses | $0 |
| Operating Expenses | $71M |
| Cost & Expenses | $72M |
| OPERATING INCOME | -$49M |
| Interest Income | $165.0K |
| Interest Expense | $5M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$53M |
| Income Tax Expense | $134.0K |
| Net Income from Continuing Ops | -$54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$54M |
| D&A | $229.0K |
| EBIT | -$48M |
| EBITDA | -$48M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$54M |
| Depreciation & Amortization | $424.0K |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$694.0K |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$56M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $46M |
| NET CASH FROM INVESTING | $46M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $62M |
| NET CASH FROM FINANCING | $62M |
| FREE CASH FLOW | -$56M |
| Net Change in Cash | $53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $141M |
| Short-Term Investments | $95M |
| Net Receivables | $18M |
| Inventory | $4M |
| Other Current Assets | $762.0K |
| TOTAL CURRENT ASSETS | $274M |
| PP&E (Net) | $10M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $639.0K |
| TOTAL NON-CURRENT ASSETS | $13M |
| TOTAL ASSETS | $287M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $524.0K |
| TOTAL CURRENT LIABILITIES | $58M |
| Long-Term Debt | $169M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $132M |
| TOTAL NON-CURRENT LIABILITIES | $312M |
| TOTAL LIABILITIES | $370M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $196.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$83M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$83M |
| TOTAL LIABILITIES & EQUITY | $287M |
| Total Debt | $181M |
| Net Debt | $40M |
