| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $8M | $13M | -26.2% | -51.8% |
| Op. Income | -$21M | -$20M | -$11M | -4.3% | -87.7% |
| Gross Margin | 100.0% | 100.0% | -42.9% | 0.0pp | 142.9pp |
| Net Margin | -342.7% | -242.8% | -85.9% | -99.9pp | -256.8pp |
| EPS (Diluted) | $-5.65 | $-5.61 | $-4.77 | -0.7% | -18.6% |
| Free Cash Flow | -$26M | -$24M | -$12M | -6.1% | -112.7% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $6M |
| R&D Expenses | $20M |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $27M |
| Cost & Expenses | $27M |
| OPERATING INCOME | -$21M |
| Interest Income | $74.0K |
| Interest Expense | $719.0K |
| Other Income/Expenses | -$169.0K |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $2M |
| EBIT | -$20M |
| EBITDA | -$18M |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $429.0K |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$228.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $18M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $15.0K |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $62M |
| Short-Term Investments | $2M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $73M |
| PP&E (Net) | $27M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $28M |
| TOTAL ASSETS | $101M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $25M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $44M |
| Long-Term Debt | $25M |
| Deferred Revenue NC | $83M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $752.0K |
| TOTAL NON-CURRENT LIABILITIES | $122M |
| TOTAL LIABILITIES | $166M |
| Common Stock | $75.0K |
| Additional Paid-In Capital | $435M |
| Retained Earnings | -$500M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$66M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$66M |
| TOTAL LIABILITIES & EQUITY | $101M |
| Total Debt | $43M |
| Net Debt | -$19M |
