| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $347M | $315M | $335M | 10.2% | 3.4% |
| Op. Income | -$207M | -$220M | -$116M | 6.0% | -78.3% |
| Gross Margin | 78.3% | 77.1% | 74.4% | 1.2pp | 3.9pp |
| Net Margin | -62.7% | -72.8% | -36.6% | 10.1pp | -26.1pp |
| EPS (Diluted) | $-1.13 | $-1.21 | $-0.68 | 6.6% | -66.2% |
| Free Cash Flow | -$74M | -$44M | -$4M | -66.2% | -1715.8% |
| Item | Amount |
|---|---|
| REVENUE | $347M |
| Cost of Revenue | $75M |
| GROSS PROFIT | $272M |
| R&D Expenses | $139M |
| Selling & Marketing | $305M |
| General & Administrative | $35M |
| SG&A Expenses | $340M |
| Other Expenses | $0 |
| Operating Expenses | $479M |
| Cost & Expenses | $554M |
| OPERATING INCOME | -$207M |
| Interest Income | $4M |
| Interest Expense | $8M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$213M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$218M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$218M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$218M |
| D&A | $23M |
| EBIT | -$205M |
| EBITDA | -$182M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$218M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $86M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | $38M |
| OPERATING CASH FLOW | -$52M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$95M |
| Sales/Maturities of Investments | $144M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $28M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$74M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $212M |
| Short-Term Investments | $607M |
| Net Receivables | $247M |
| Inventory | $0 |
| Other Current Assets | $66M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $279M |
| Goodwill | $185M |
| Intangible Assets | $58M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $206M |
| TOTAL NON-CURRENT ASSETS | $731M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $77M |
| Short-Term Debt | $32M |
| Deferred Revenue | $473M |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $725M |
| Long-Term Debt | $474M |
| Deferred Revenue NC | $584M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$66M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$66M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $635M |
| Net Debt | $424M |
