| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $315M | $300M | $313M | 5.0% | 0.5% |
| Op. Income | -$220M | -$183M | -$95M | -20.7% | -131.5% |
| Gross Margin | 77.1% | 77.0% | 76.3% | 0.1pp | 0.7pp |
| Net Margin | -72.8% | -64.8% | -30.1% | -8.0pp | -42.8pp |
| EPS (Diluted) | $-1.21 | $-1.04 | $-0.54 | -16.3% | -124.1% |
| Free Cash Flow | -$44M | -$33M | $20M | -33.3% | -321.9% |
| Item | Amount |
|---|---|
| REVENUE | $315M |
| Cost of Revenue | $72M |
| GROSS PROFIT | $243M |
| R&D Expenses | $138M |
| Selling & Marketing | $292M |
| General & Administrative | $33M |
| SG&A Expenses | $325M |
| Other Expenses | $0 |
| Operating Expenses | $463M |
| Cost & Expenses | $535M |
| OPERATING INCOME | -$220M |
| Interest Income | $5M |
| Interest Expense | $8M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$225M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$229M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$229M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$229M |
| D&A | $22M |
| EBIT | -$218M |
| EBITDA | -$195M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$229M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $81M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $85M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$321M |
| Sales/Maturities of Investments | $179M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$160M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $24M |
| FREE CASH FLOW | -$44M |
| Net Change in Cash | -$163M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $234M |
| Short-Term Investments | $656M |
| Net Receivables | $215M |
| Inventory | $0 |
| Other Current Assets | $62M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $263M |
| Goodwill | $185M |
| Intangible Assets | $62M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $186M |
| TOTAL NON-CURRENT ASSETS | $700M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $83M |
| Short-Term Debt | $30M |
| Deferred Revenue | $429M |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $655M |
| Long-Term Debt | $467M |
| Deferred Revenue NC | $546M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $64M |
| Minority Interest | $0 |
| TOTAL EQUITY | $64M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $615M |
| Net Debt | $381M |
