| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $8M | $7M | 7.4% | 11.9% |
| Op. Income | -$20M | -$19M | -$25M | -2.6% | 19.8% |
| Gross Margin | 100.0% | -175.9% | -212.6% | 275.9pp | 312.6pp |
| Net Margin | -242.8% | -246.4% | -332.4% | 3.6pp | 89.6pp |
| EPS (Diluted) | $-5.61 | $-5.35 | $-11.86 | -4.9% | 52.7% |
| Free Cash Flow | -$24M | -$15M | -$33M | -65.4% | 25.6% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $8M |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $28M |
| Cost & Expenses | $28M |
| OPERATING INCOME | -$20M |
| Interest Income | $159.0K |
| Interest Expense | $716.0K |
| Other Income/Expenses | -$189.0K |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $2M |
| EBIT | -$19M |
| EBITDA | -$17M |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $784.0K |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$24M |
| Capital Expenditure | -$71.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $309.0K |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $55M |
| Short-Term Investments | $20M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $81M |
| PP&E (Net) | $29M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $30M |
| TOTAL ASSETS | $111M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $25M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $44M |
| Long-Term Debt | $25M |
| Deferred Revenue NC | $88M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $680.0K |
| TOTAL NON-CURRENT LIABILITIES | $128M |
| TOTAL LIABILITIES | $172M |
| Common Stock | $72.0K |
| Additional Paid-In Capital | $418M |
| Retained Earnings | -$480M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$62M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$62M |
| TOTAL LIABILITIES & EQUITY | $111M |
| Total Debt | $44M |
| Net Debt | -$11M |
