| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23M | $30M | — | -21.9% | — |
| Op. Income | -$111M | -$103M | — | -7.4% | — |
| Gross Margin | 81.6% | 81.5% | — | 0.1pp | — |
| Net Margin | -499.5% | -361.6% | — | -138.0pp | — |
| EPS (Diluted) | $-9.75 | $-9.15 | — | -6.6% | — |
| Free Cash Flow | -$100M | -$55M | — | -83.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $19M |
| R&D Expenses | $103M |
| Selling & Marketing | $0 |
| General & Administrative | $27M |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $130M |
| Cost & Expenses | $134M |
| OPERATING INCOME | -$111M |
| Interest Income | $2M |
| Interest Expense | $8M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$117M |
| Income Tax Expense | $128.0K |
| Net Income from Continuing Ops | -$117M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$117M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$117M |
| D&A | $3M |
| EBIT | -$109M |
| EBITDA | -$106M |
| EPS | -$10 |
| EPS Diluted | -$10 |
| Item | Amount |
|---|---|
| Net Income | -$117M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$99M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$196M |
| Sales/Maturities of Investments | $291M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $93M |
| Net Debt Issuance | $146M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $149M |
| FREE CASH FLOW | -$100M |
| Net Change in Cash | $142M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $199M |
| Short-Term Investments | $863M |
| Net Receivables | $39M |
| Inventory | $15M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $186M |
| Goodwill | $77M |
| Intangible Assets | $0 |
| Long-Term Investments | $137M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $401M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $22M |
| Short-Term Debt | $0 |
| Deferred Revenue | $91.0K |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $116M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $207M |
| TOTAL NON-CURRENT LIABILITIES | $346M |
| TOTAL LIABILITIES | $461M |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | -$2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $150M |
| Net Debt | -$49M |
