Q1 2020 Earnings

Reported March 31, 2020

Quarter Comparison

Revenue

Operating Income

EPS (Diluted)

Free Cash Flow

Metric	Q1 2020	Q4 2019	Q1 2019	QoQ Change	YoY Change
Revenue	$0	$0	—	—	—
Op. Income	-$1M	-$1M	—	-2.6%	—
EPS (Diluted)	$-0.12	$-0.07	—	-66.4%	—
Free Cash Flow	-$2M	-$848.0K	—	-152.9%	—

Income Statement

Item	Amount
REVENUE	$0
Cost of Revenue	$0
GROSS PROFIT	$0
R&D Expenses	$795.0K
Selling & Marketing	$0
General & Administrative	$248.0K
SG&A Expenses	$248.0K
Other Expenses	$0
Operating Expenses	$1M
Cost & Expenses	$1M
OPERATING INCOME	-$1M
Interest Income	$3.0K
Interest Expense	$653.0K
Other Income/Expenses	-$650.0K
INCOME BEFORE TAX	-$2M
Income Tax Expense	$0
Net Income from Continuing Ops	-$2M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$2M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$2M
D&A	$3.0K
EBIT	-$1M
EBITDA	-$1M
EPS	-$0
EPS Diluted	-$0

Cash Flow Statement

Item	Amount
Net Income	-$2M
Depreciation & Amortization	$3.0K
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$641.0K
Change in Working Capital	-$1M
OPERATING CASH FLOW	-$2M
Capital Expenditure	-$9.0K
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$9.0K
Net Debt Issuance	$3M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$30M
FREE CASH FLOW	-$2M
Net Change in Cash	$28M