| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $289M | $252M | $191M | 14.9% | 51.9% |
| Op. Income | -$848M | -$99M | -$144M | -755.1% | -488.2% |
| Gross Margin | 48.4% | 72.8% | 65.8% | -24.5pp | -17.5pp |
| Net Margin | -294.9% | -43.9% | -73.4% | -251.0pp | -221.5pp |
| EPS (Diluted) | $-0.94 | $-0.07 | $-0.15 | -1248.6% | -526.7% |
| Free Cash Flow | -$54M | $58M | -$163M | -192.4% | 67.2% |
| Item | Amount |
|---|---|
| REVENUE | $289M |
| Cost of Revenue | $149M |
| GROSS PROFIT | $140M |
| R&D Expenses | $314M |
| Selling & Marketing | $335M |
| General & Administrative | $339M |
| SG&A Expenses | $674M |
| Other Expenses | $0 |
| Operating Expenses | $988M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$848M |
| Interest Income | $494.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$862M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | -$853M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$853M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$853M |
| D&A | $3M |
| EBIT | -$860M |
| EBITDA | -$857M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$853M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $847M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $19M |
| Change in Working Capital | -$67M |
| OPERATING CASH FLOW | -$52M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$250.0K |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$100M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $450M |
| NET CASH FROM FINANCING | $350M |
| FREE CASH FLOW | -$54M |
| Net Change in Cash | $293M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $0 |
| Net Receivables | $162M |
| Inventory | $0 |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $29M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $86M |
| Tax Assets | $0 |
| Other Non-Current Assets | $94M |
| TOTAL NON-CURRENT ASSETS | $209M |
| TOTAL ASSETS | $2.6B |
| Account Payables | $22M |
| Short-Term Debt | $0 |
| Deferred Revenue | $453M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $942M |
| Long-Term Debt | $198M |
| Deferred Revenue NC | $169M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $43M |
| TOTAL NON-CURRENT LIABILITIES | $410M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | -$4.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $198M |
| Net Debt | -$1.6B |
