| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24M | $30M | $23M | -22.5% | 2.3% |
| Op. Income | -$23M | -$12M | -$49M | -94.5% | 52.7% |
| Gross Margin | 0.9% | 51.0% | 35.7% | -50.0pp | -34.8pp |
| Net Margin | -125.1% | -142.5% | -232.8% | 17.4pp | 107.6pp |
| EPS (Diluted) | $-0.18 | $-0.26 | $-0.35 | 30.8% | 48.6% |
| Free Cash Flow | -$20M | -$16M | -$35M | -27.7% | 42.7% |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $224.0K |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $13M |
| Operating Expenses | $23M |
| Cost & Expenses | $47M |
| OPERATING INCOME | -$23M |
| Interest Income | $579.0K |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$28M |
| Income Tax Expense | -$50.0K |
| Net Income from Continuing Ops | -$28M |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | -$1 |
| BOTTOM LINE NET INCOME | -$28M |
| D&A | $4M |
| EBIT | -$22M |
| EBITDA | -$18M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$68.0K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$38M |
| Sales/Maturities of Investments | $39M |
| Other Investing Activities | $305.0K |
| NET CASH FROM INVESTING | $181.0K |
| Net Debt Issuance | -$117.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3.0K |
| NET CASH FROM FINANCING | -$114.0K |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $85M |
| Net Receivables | $19M |
| Inventory | $10M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $151M |
| PP&E (Net) | $64M |
| Goodwill | $54M |
| Intangible Assets | $65M |
| Long-Term Investments | $337.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $185M |
| TOTAL ASSETS | $336M |
| Account Payables | $4M |
| Short-Term Debt | $5M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $31M |
| Long-Term Debt | $214M |
| Deferred Revenue NC | $30M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | -$20M |
| TOTAL NON-CURRENT LIABILITIES | $247M |
| TOTAL LIABILITIES | $278M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $59M |
| Minority Interest | $0 |
| TOTAL EQUITY | $59M |
| TOTAL LIABILITIES & EQUITY | $336M |
| Total Debt | $244M |
| Net Debt | $216M |
