| Metric | Q2 2021 | Q1 2021 | Q2 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31M | $17M | $16M | 82.2% | 96.7% |
| Op. Income | -$40M | -$51M | -$47M | 21.5% | 14.9% |
| Gross Margin | -81.4% | -214.8% | 100.0% | 133.4pp | -181.4pp |
| Net Margin | -129.8% | -303.7% | -299.9% | 173.9pp | 170.0pp |
| EPS (Diluted) | $-0.66 | $-0.90 | $-0.94 | 26.7% | 29.8% |
| Free Cash Flow | -$48M | -$30M | -$37M | -61.0% | -28.6% |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $56M |
| GROSS PROFIT | -$25M |
| R&D Expenses | $56M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$41M |
| Operating Expenses | $15M |
| Cost & Expenses | $71M |
| OPERATING INCOME | -$40M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $344.0K |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$40M |
| D&A | $3M |
| EBIT | -$40M |
| EBITDA | -$37M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$40M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $441.0K |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$46M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$24M |
| Sales/Maturities of Investments | $40M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $14M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$106.0K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$48M |
| Net Change in Cash | -$30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $189M |
| Short-Term Investments | $108M |
| Net Receivables | $45M |
| Inventory | $6M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $367M |
| PP&E (Net) | $39M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $59M |
| TOTAL ASSETS | $426M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $17M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $70M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $13M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $258.0K |
| TOTAL NON-CURRENT LIABILITIES | $37M |
| TOTAL LIABILITIES | $107M |
| Common Stock | $601.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$863M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $319M |
| Minority Interest | $0 |
| TOTAL EQUITY | $319M |
| TOTAL LIABILITIES & EQUITY | $426M |
| Total Debt | $28M |
| Net Debt | -$161M |
