| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $51M | — | $28M | — | 79.2% |
| Op. Income | -$88M | — | -$121M | — | 26.7% |
| Gross Margin | 92.5% | — | 80.7% | — | 11.7pp |
| Net Margin | -274.2% | — | -419.9% | — | 145.8pp |
| EPS (Diluted) | $-11.70 | — | $-10.20 | — | -14.7% |
| Free Cash Flow | -$79M | — | -$87M | — | 8.7% |
| Item | Amount |
|---|---|
| REVENUE | $51M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $47M |
| R&D Expenses | $109M |
| Selling & Marketing | $0 |
| General & Administrative | $26M |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $135M |
| Cost & Expenses | $139M |
| OPERATING INCOME | -$88M |
| Interest Income | $8M |
| Interest Expense | $13M |
| Other Income/Expenses | -$50M |
| INCOME BEFORE TAX | -$138M |
| Income Tax Expense | $200.0K |
| Net Income from Continuing Ops | -$139M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$139M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$139M |
| D&A | $5M |
| EBIT | -$125M |
| EBITDA | -$121M |
| EPS | -$12 |
| EPS Diluted | -$12 |
| Item | Amount |
|---|---|
| Net Income | -$139M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $16M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | -$78M |
| Capital Expenditure | -$900.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$241M |
| Sales/Maturities of Investments | $440M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $198M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $11M |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | -$79M |
| Net Change in Cash | $131M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $227M |
| Short-Term Investments | $1.1B |
| Net Receivables | $42M |
| Inventory | $14M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $196M |
| Goodwill | $77M |
| Intangible Assets | $0 |
| Long-Term Investments | $186M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $459M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $22M |
| Short-Term Debt | $254M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $377M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $69M |
| TOTAL NON-CURRENT LIABILITIES | $214M |
| TOTAL LIABILITIES | $592M |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $412M |
| Net Debt | $185M |
