| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $259M | $302M | $222M | -14.5% | 16.4% |
| Op. Income | -$44M | $77M | $90M | -157.8% | -149.2% |
| Gross Margin | 99.0% | 99.2% | 99.0% | -0.3pp | -0.1pp |
| Net Margin | -22.3% | 26.3% | 24.2% | -48.6pp | -46.5pp |
| EPS (Diluted) | $-0.62 | $0.81 | $0.56 | -176.5% | -210.7% |
| Free Cash Flow | -$21M | $114M | $94M | -118.2% | -122.1% |
| Item | Amount |
|---|---|
| REVENUE | $259M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $256M |
| R&D Expenses | $69M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $113M |
| Other Expenses | $119M |
| Operating Expenses | $300M |
| Cost & Expenses | $303M |
| OPERATING INCOME | -$44M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | -$57M |
| Income Tax Expense | $500.0K |
| Net Income from Continuing Ops | -$58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$58M |
| D&A | $2M |
| EBIT | -$49M |
| EBITDA | -$46M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$58M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$400.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$111M |
| Sales/Maturities of Investments | $136M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $25M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $425M |
| Short-Term Investments | $519M |
| Net Receivables | $157M |
| Inventory | $21M |
| Other Current Assets | $35M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $114M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $225M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $346M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $0 |
| Short-Term Debt | $425M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $186M |
| TOTAL CURRENT LIABILITIES | $611M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $87M |
| TOTAL LIABILITIES | $698M |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $804M |
| Minority Interest | $0 |
| TOTAL EQUITY | $804M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $508M |
| Net Debt | $83M |
