| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $21M | $34M | $13M | -36.3% | 62.2% |
| Op. Income | -$47M | -$40M | -$39M | -16.8% | -19.6% |
| Gross Margin | 97.9% | 98.8% | 92.3% | -0.9pp | 5.7pp |
| Net Margin | -250.8% | -138.5% | -314.6% | -112.2pp | 63.8pp |
| EPS (Diluted) | $-10.92 | $-9.51 | $-9.99 | -14.9% | -9.3% |
| Free Cash Flow | -$44M | -$40M | -$37M | -10.0% | -21.0% |
| Item | Amount |
|---|---|
| REVENUE | $21M |
| Cost of Revenue | $438.0K |
| GROSS PROFIT | $21M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $31M |
| Other Expenses | -$141.0K |
| Operating Expenses | $68M |
| Cost & Expenses | $68M |
| OPERATING INCOME | -$47M |
| Interest Income | $600.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$53M |
| Income Tax Expense | $44.0K |
| Net Income from Continuing Ops | -$53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$53M |
| D&A | $235.0K |
| EBIT | -$47M |
| EBITDA | -$46M |
| EPS | -$11 |
| EPS Diluted | -$11 |
| Item | Amount |
|---|---|
| Net Income | -$53M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$746.0K |
| OPERATING CASH FLOW | -$44M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $21M |
| NET CASH FROM INVESTING | $21M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$44M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $82M |
| Short-Term Investments | $181M |
| Net Receivables | $11M |
| Inventory | $2M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $285M |
| PP&E (Net) | $12M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $39M |
| Tax Assets | $0 |
| Other Non-Current Assets | $718.0K |
| TOTAL NON-CURRENT ASSETS | $52M |
| TOTAL ASSETS | $338M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $297.0K |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $53M |
| Long-Term Debt | $116M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $74M |
| TOTAL NON-CURRENT LIABILITIES | $201M |
| TOTAL LIABILITIES | $254M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $603.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $84M |
| Minority Interest | $0 |
| TOTAL EQUITY | $84M |
| TOTAL LIABILITIES & EQUITY | $338M |
| Total Debt | $129M |
| Net Debt | $47M |
