| Metric | Q2 2021 | Q1 2021 | Q2 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24M | $38M | $43M | -36.6% | -43.2% |
| Op. Income | -$134M | -$70M | -$85M | -90.0% | -57.2% |
| Gross Margin | -415.7% | -103.2% | 92.8% | -312.5pp | -508.5pp |
| Net Margin | -549.9% | -186.7% | -198.9% | -363.2pp | -351.0pp |
| EPS (Diluted) | $-1.45 | $-0.78 | $-0.95 | -85.9% | -52.6% |
| Free Cash Flow | -$28M | -$46M | $149M | 37.9% | -119.0% |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $126M |
| GROSS PROFIT | -$101M |
| R&D Expenses | $123M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$90M |
| Operating Expenses | $33M |
| Cost & Expenses | $158M |
| OPERATING INCOME | -$134M |
| Interest Income | $0 |
| Interest Expense | $718.0K |
| Other Income/Expenses | -$156.0K |
| INCOME BEFORE TAX | -$134M |
| Income Tax Expense | -$3.0K |
| Net Income from Continuing Ops | -$134M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$134M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$134M |
| D&A | $4M |
| EBIT | -$134M |
| EBITDA | -$130M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$134M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $25M |
| Change in Working Capital | $59M |
| OPERATING CASH FLOW | -$27M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$70M |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$58M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$28M |
| Net Change in Cash | -$80M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $353M |
| Short-Term Investments | $154M |
| Net Receivables | $24M |
| Inventory | $25M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $564M |
| PP&E (Net) | $129M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $109M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $244M |
| TOTAL ASSETS | $809M |
| Account Payables | $49M |
| Short-Term Debt | $0 |
| Deferred Revenue | $39M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $233M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $153M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $49M |
| TOTAL NON-CURRENT LIABILITIES | $296M |
| TOTAL LIABILITIES | $529M |
| Common Stock | $926.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $261M |
| Minority Interest | $19M |
| TOTAL EQUITY | $280M |
| TOTAL LIABILITIES & EQUITY | $809M |
| Total Debt | $105M |
| Net Debt | -$248M |
