| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $49M | $51M | $23M | -3.4% | 109.5% |
| Op. Income | -$78M | -$88M | -$111M | 12.1% | 30.0% |
| Gross Margin | 88.2% | 92.5% | 78.5% | -4.3pp | 9.7pp |
| Net Margin | -163.8% | -274.2% | -471.4% | 110.4pp | 307.6pp |
| EPS (Diluted) | $-6.75 | $-11.70 | $-9.45 | 42.3% | 28.6% |
| Free Cash Flow | -$87M | -$79M | -$66M | -9.7% | -32.1% |
| Item | Amount |
|---|---|
| REVENUE | $49M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $43M |
| R&D Expenses | $96M |
| Selling & Marketing | $0 |
| General & Administrative | $24M |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $121M |
| Cost & Expenses | $127M |
| OPERATING INCOME | -$78M |
| Interest Income | $5M |
| Interest Expense | $7M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$80M |
| Income Tax Expense | $144.0K |
| Net Income from Continuing Ops | -$80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$80M |
| D&A | $3M |
| EBIT | -$73M |
| EBITDA | -$69M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$80M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$486.0K |
| Change in Working Capital | -$30M |
| OPERATING CASH FLOW | -$84M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$303M |
| Sales/Maturities of Investments | $462M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $157M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$242M |
| NET CASH FROM FINANCING | -$242M |
| FREE CASH FLOW | -$87M |
| Net Change in Cash | -$169M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $58M |
| Short-Term Investments | $980M |
| Net Receivables | $47M |
| Inventory | $13M |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $193M |
| Goodwill | $77M |
| Intangible Assets | $0 |
| Long-Term Investments | $172M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $443M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $19M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $124M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $71M |
| TOTAL NON-CURRENT LIABILITIES | $215M |
| TOTAL LIABILITIES | $339M |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | -$2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $715.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $157M |
| Net Debt | $99M |
