| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $443M | $272M | $280M | 62.4% | 58.2% |
| Op. Income | -$97M | -$105M | -$134M | 7.2% | 27.4% |
| Gross Margin | 74.5% | 60.3% | 70.1% | 14.2pp | 4.4pp |
| Net Margin | -21.3% | -37.0% | -44.6% | 15.7pp | 23.3pp |
| EPS (Diluted) | $-0.16 | $-0.17 | $-0.23 | 5.9% | 30.4% |
| Free Cash Flow | -$95M | -$41M | -$1M | -133.4% | -9023.8% |
| Item | Amount |
|---|---|
| REVENUE | $443M |
| Cost of Revenue | $113M |
| GROSS PROFIT | $330M |
| R&D Expenses | $160M |
| Selling & Marketing | $119M |
| General & Administrative | $148M |
| SG&A Expenses | $267M |
| Other Expenses | $0 |
| Operating Expenses | $427M |
| Cost & Expenses | $540M |
| OPERATING INCOME | -$97M |
| Interest Income | $3M |
| Interest Expense | $51.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$94M |
| Income Tax Expense | $32.0K |
| Net Income from Continuing Ops | -$94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$94M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$94M |
| D&A | $9M |
| EBIT | -$94M |
| EBITDA | -$85M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$94M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $92M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$102M |
| OPERATING CASH FLOW | -$93M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$500M |
| Sales/Maturities of Investments | $338M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$165M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$7.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $30M |
| NET CASH FROM FINANCING | $30M |
| FREE CASH FLOW | -$95M |
| Net Change in Cash | -$227M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $654M |
| Short-Term Investments | $996M |
| Net Receivables | $339M |
| Inventory | $0 |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $241M |
| Goodwill | $0 |
| Intangible Assets | $14M |
| Long-Term Investments | $9M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $268M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $42M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $148M |
| TOTAL CURRENT LIABILITIES | $190M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $27M |
| TOTAL NON-CURRENT LIABILITIES | $177M |
| TOTAL LIABILITIES | $366M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $4.5B |
| Retained Earnings | -$2.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $150M |
| Net Debt | -$504M |
