Q3 2020 Earnings

Reported September 29, 2020

Quarter Comparison

Revenue

Operating Income

EPS (Diluted)

Free Cash Flow

Metric	Q3 2020	Q2 2020	Q3 2019	QoQ Change	YoY Change
Revenue	$0	$0	—	—	—
Op. Income	$16M	-$3M	—	587.2%	—
EPS (Diluted)	$-0.12	$-0.04	—	-195.6%	—
Free Cash Flow	-$3M	-$5M	—	44.5%	—

Income Statement

Item	Amount
REVENUE	$0
Cost of Revenue	$0
GROSS PROFIT	$0
R&D Expenses	$1M
Selling & Marketing	$68.5K
General & Administrative	$1M
SG&A Expenses	$1M
Other Expenses	-$19M
Operating Expenses	-$16M
Cost & Expenses	-$16M
OPERATING INCOME	$16M
Interest Income	$15.0K
Interest Expense	$0
Other Income/Expenses	-$24M
INCOME BEFORE TAX	-$8M
Income Tax Expense	$0
Net Income from Continuing Ops	-$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$8M
D&A	$13.2K
EBIT	-$3M
EBITDA	-$3M
EPS	-$0
EPS Diluted	-$0

Cash Flow Statement

Item	Amount
Net Income	-$8M
Depreciation & Amortization	$13.2K
Stock-Based Compensation	$7.0K
Deferred Income Tax	$0
Other Non-Cash Items	$6M
Change in Working Capital	-$342.5K
OPERATING CASH FLOW	-$3M
Capital Expenditure	-$262.9K
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$262.9K
Net Debt Issuance	$5M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$5M
FREE CASH FLOW	-$3M
Net Change in Cash	$2M