| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | $49M | $29M | -38.5% | 2.8% |
| Op. Income | -$103M | -$78M | -$99M | -32.6% | -4.4% |
| Gross Margin | 81.5% | 88.2% | 83.1% | -6.7pp | -1.7pp |
| Net Margin | -361.6% | -163.8% | -338.2% | -197.8pp | -23.4pp |
| EPS (Diluted) | $-9.15 | $-6.75 | $-8.40 | -35.6% | -8.9% |
| Free Cash Flow | -$55M | -$87M | -$74M | 37.0% | 26.2% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $24M |
| R&D Expenses | $101M |
| Selling & Marketing | $0 |
| General & Administrative | $27M |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $128M |
| Cost & Expenses | $133M |
| OPERATING INCOME | -$103M |
| Interest Income | $3M |
| Interest Expense | $8M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$109M |
| Income Tax Expense | $21.0K |
| Net Income from Continuing Ops | -$109M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$109M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$109M |
| D&A | $3M |
| EBIT | -$100M |
| EBITDA | -$97M |
| EPS | -$9 |
| EPS Diluted | -$9 |
| Item | Amount |
|---|---|
| Net Income | -$109M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$65.0K |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | -$53M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$248M |
| Sales/Maturities of Investments | $298M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $49M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$55M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $56M |
| Short-Term Investments | $900M |
| Net Receivables | $43M |
| Inventory | $13M |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $189M |
| Goodwill | $77M |
| Intangible Assets | $0 |
| Long-Term Investments | $198M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $465M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $507.0K |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $127M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $70M |
| TOTAL NON-CURRENT LIABILITIES | $211M |
| TOTAL LIABILITIES | $338M |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $154M |
| Net Debt | $99M |
