| Metric | Q2 2021 | Q1 2021 | Q2 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $6M | $6M | -8.0% | -12.9% |
| Op. Income | -$48M | -$35M | -$21M | -36.3% | -134.3% |
| Gross Margin | -583.1% | -412.5% | 100.0% | -170.7pp | -683.1pp |
| Net Margin | -918.3% | -620.2% | -342.7% | -298.1pp | -575.6pp |
| EPS (Diluted) | $-10.55 | $-7.75 | $-5.65 | -36.1% | -86.6% |
| Free Cash Flow | -$42M | -$31M | -$26M | -37.0% | -63.8% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $36M |
| GROSS PROFIT | -$31M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $17M |
| SG&A Expenses | $17M |
| Other Expenses | -$36M |
| Operating Expenses | $17M |
| Cost & Expenses | $53M |
| OPERATING INCOME | -$48M |
| Interest Income | $829.0K |
| Interest Expense | $732.0K |
| Other Income/Expenses | -$188.0K |
| INCOME BEFORE TAX | -$48M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$48M |
| D&A | $1M |
| EBIT | -$48M |
| EBITDA | -$47M |
| EPS | -$11 |
| EPS Diluted | -$11 |
| Item | Amount |
|---|---|
| Net Income | -$48M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $468.0K |
| OPERATING CASH FLOW | -$40M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $55M |
| Other Investing Activities | -$750.0K |
| NET CASH FROM INVESTING | $47M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $585.0K |
| NET CASH FROM FINANCING | $585.0K |
| FREE CASH FLOW | -$42M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $74M |
| Short-Term Investments | $141M |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $225M |
| PP&E (Net) | $27M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $15M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $45M |
| TOTAL ASSETS | $270M |
| Account Payables | $5M |
| Short-Term Debt | $6M |
| Deferred Revenue | $20M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $56M |
| Long-Term Debt | $19M |
| Deferred Revenue NC | $78M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $112M |
| TOTAL LIABILITIES | $169M |
| Common Stock | $92.0K |
| Additional Paid-In Capital | $734M |
| Retained Earnings | -$633M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $12.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $101M |
| Minority Interest | $0 |
| TOTAL EQUITY | $101M |
| TOTAL LIABILITIES & EQUITY | $270M |
| Total Debt | $45M |
| Net Debt | -$29M |
