| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $21M | $18M | 64.5% | 94.0% |
| Op. Income | -$37M | -$47M | -$43M | 21.3% | 14.3% |
| Gross Margin | 97.0% | 97.9% | 92.3% | -0.9pp | 4.7pp |
| Net Margin | -123.7% | -250.8% | -268.8% | 127.1pp | 145.1pp |
| EPS (Diluted) | $-0.59 | $-10.92 | $-11.42 | 94.6% | 94.8% |
| Free Cash Flow | -$31M | -$44M | -$40M | 30.6% | 22.2% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $34M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $0 |
| Operating Expenses | $71M |
| Cost & Expenses | $72M |
| OPERATING INCOME | -$37M |
| Interest Income | $396.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$43M |
| Income Tax Expense | $62.0K |
| Net Income from Continuing Ops | -$43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$43M |
| D&A | $257.0K |
| EBIT | -$36M |
| EBITDA | -$36M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$43M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$31M |
| Capital Expenditure | -$119.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $32M |
| NET CASH FROM INVESTING | $31M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $86M |
| Short-Term Investments | $163M |
| Net Receivables | $13M |
| Inventory | $3M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $277M |
| PP&E (Net) | $12M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $24M |
| Tax Assets | $0 |
| Other Non-Current Assets | $722.0K |
| TOTAL NON-CURRENT ASSETS | $37M |
| TOTAL ASSETS | $313M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $297.0K |
| Other Current Liabilities | $609.0K |
| TOTAL CURRENT LIABILITIES | $60M |
| Long-Term Debt | $118M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $73M |
| TOTAL NON-CURRENT LIABILITIES | $202M |
| TOTAL LIABILITIES | $263M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $518.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $51M |
| Minority Interest | $0 |
| TOTAL EQUITY | $51M |
| TOTAL LIABILITIES & EQUITY | $313M |
| Total Debt | $131M |
| Net Debt | $45M |
