| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $12M | $18M | 7.4% | -29.5% |
| Op. Income | -$67M | -$56M | -$31M | -18.7% | -116.7% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -534.0% | -1162.7% | -157.3% | 628.7pp | -376.8pp |
| EPS (Diluted) | $-0.50 | $-1.25 | $-0.28 | 60.0% | -78.6% |
| Free Cash Flow | -$71M | -$68M | $20M | -5.5% | -458.3% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $12M |
| R&D Expenses | $64M |
| Selling & Marketing | $9M |
| General & Administrative | $6M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $79M |
| Cost & Expenses | $79M |
| OPERATING INCOME | -$67M |
| Interest Income | $0 |
| Interest Expense | $90.0K |
| Other Income/Expenses | -$534.0K |
| INCOME BEFORE TAX | -$67M |
| Income Tax Expense | -$508.0K |
| Net Income from Continuing Ops | -$67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$67M |
| D&A | $2M |
| EBIT | -$67M |
| EBITDA | -$64M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$67M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$64M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$52M |
| NET CASH FROM INVESTING | -$59M |
| Net Debt Issuance | -$76.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | -$71M |
| Net Change in Cash | -$113M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $449M |
| Short-Term Investments | $127M |
| Net Receivables | $25M |
| Inventory | $2M |
| Other Current Assets | -$24M |
| TOTAL CURRENT ASSETS | $603M |
| PP&E (Net) | $105M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $106M |
| TOTAL ASSETS | $709M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $47M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $124M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $248M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $250M |
| TOTAL LIABILITIES | $374M |
| Common Stock | $26.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $335M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $335M |
| Minority Interest | $0 |
| TOTAL EQUITY | $335M |
| TOTAL LIABILITIES & EQUITY | $709M |
| Total Debt | $4M |
| Net Debt | -$445M |
