| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $41M | $12M | $21M | 230.6% | 95.0% |
| Op. Income | -$59M | -$67M | -$60M | 11.2% | 2.2% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -140.4% | -534.0% | -302.6% | 393.7pp | 162.2pp |
| EPS (Diluted) | $-0.44 | $-0.50 | $-0.64 | 12.0% | 31.3% |
| Free Cash Flow | -$68M | -$71M | -$99M | 4.3% | 30.7% |
| Item | Amount |
|---|---|
| REVENUE | $41M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $41M |
| R&D Expenses | $67M |
| Selling & Marketing | $24M |
| General & Administrative | $9M |
| SG&A Expenses | $33M |
| Other Expenses | $0 |
| Operating Expenses | $100M |
| Cost & Expenses | $100M |
| OPERATING INCOME | -$59M |
| Interest Expense | $40.1K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$58M |
| Income Tax Expense | $72.0K |
| Net Income from Continuing Ops | -$58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$58M |
| D&A | $1M |
| EBIT | -$59M |
| EBITDA | -$58M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$58M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $46M |
| Change in Working Capital | -$49M |
| OPERATING CASH FLOW | -$56M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $74M |
| NET CASH FROM INVESTING | $61M |
| Net Debt Issuance | -$803.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $661.0K |
| FREE CASH FLOW | -$68M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $456M |
| Short-Term Investments | $50M |
| Net Receivables | $83M |
| Inventory | $2M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $594M |
| PP&E (Net) | $112M |
| Goodwill | $0 |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $128M |
| TOTAL ASSETS | $722M |
| Account Payables | $5M |
| Short-Term Debt | $2M |
| Deferred Revenue | $55M |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $116M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $275M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | -$275M |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $122M |
| Common Stock | $27.0K |
| Additional Paid-In Capital | $708M |
| Retained Earnings | -$117M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $598M |
| Minority Interest | $0 |
| TOTAL EQUITY | $598M |
| TOTAL LIABILITIES & EQUITY | $722M |
| Total Debt | $4M |
| Net Debt | -$452M |
