| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $6M | $7M | -76.6% | -79.8% |
| Op. Income | -$30M | -$21M | -$17M | -46.0% | -74.6% |
| Gross Margin | 100.0% | 100.0% | -160.5% | 0.0pp | 260.5pp |
| Net Margin | -2136.9% | -342.7% | -233.4% | -1794.2pp | -1903.5pp |
| EPS (Diluted) | $-7.25 | $-5.65 | $-4.69 | -28.3% | -54.5% |
| Free Cash Flow | -$26M | -$26M | -$18M | -0.5% | -40.8% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $1M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $31M |
| Cost & Expenses | $31M |
| OPERATING INCOME | -$30M |
| Interest Income | $100.0K |
| Interest Expense | $730.0K |
| Other Income/Expenses | -$285.0K |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $2M |
| EBIT | -$30M |
| EBITDA | -$28M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $704.0K |
| Change in Working Capital | -$115.0K |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$66.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$113M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$111M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $32M |
| NET CASH FROM FINANCING | $282M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | $146M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $207M |
| Short-Term Investments | $91M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $308M |
| PP&E (Net) | $24M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $22M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $48M |
| TOTAL ASSETS | $356M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $23M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $46M |
| Long-Term Debt | $25M |
| Deferred Revenue NC | $85M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $987.0K |
| TOTAL NON-CURRENT LIABILITIES | $122M |
| TOTAL LIABILITIES | $168M |
| Common Stock | $91.0K |
| Additional Paid-In Capital | $718M |
| Retained Earnings | -$531M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $188M |
| Minority Interest | $0 |
| TOTAL EQUITY | $188M |
| TOTAL LIABILITIES & EQUITY | $356M |
| Total Debt | $42M |
| Net Debt | -$166M |
