| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $13M | — | -8.4% | — |
| Op. Income | -$56M | -$45M | — | -23.6% | — |
| Gross Margin | 100.0% | 100.0% | — | 0.0pp | — |
| Net Margin | -1162.7% | -349.4% | — | -813.3pp | — |
| EPS (Diluted) | $-1.25 | $-0.34 | — | -267.6% | — |
| Free Cash Flow | -$68M | -$61M | — | -10.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $12M |
| R&D Expenses | $54M |
| Selling & Marketing | $10M |
| General & Administrative | $5M |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $68M |
| Cost & Expenses | $68M |
| OPERATING INCOME | -$56M |
| Interest Income | $0 |
| Interest Expense | $88.0K |
| Other Income/Expenses | -$79M |
| INCOME BEFORE TAX | -$135M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$135M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$135M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$135M |
| D&A | $3M |
| EBIT | -$135M |
| EBITDA | -$132M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$135M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $363.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $67M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$57M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$107.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $460M |
| NET CASH FROM FINANCING | $460M |
| FREE CASH FLOW | -$68M |
| Net Change in Cash | $394M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $562M |
| Short-Term Investments | $76M |
| Net Receivables | $34M |
| Inventory | $2M |
| Other Current Assets | -$33M |
| TOTAL CURRENT ASSETS | $673M |
| PP&E (Net) | $98M |
| Goodwill | $0 |
| Intangible Assets | $978.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $99M |
| TOTAL ASSETS | $773M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $46M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $115M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $255M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $257M |
| TOTAL LIABILITIES | $372M |
| Common Stock | $26.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $401M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $401M |
| Minority Interest | $0 |
| TOTAL EQUITY | $401M |
| TOTAL LIABILITIES & EQUITY | $773M |
| Total Debt | $3M |
| Net Debt | -$559M |
