| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $322M | $289M | $229M | 11.3% | 40.4% |
| Op. Income | -$157M | -$848M | -$147M | 81.5% | -6.2% |
| Gross Margin | 78.1% | 48.4% | 66.9% | 29.7pp | 11.2pp |
| Net Margin | -46.1% | -294.9% | -69.5% | 248.8pp | 23.4pp |
| EPS (Diluted) | $-0.08 | $-0.94 | $-0.18 | 91.2% | 54.0% |
| Free Cash Flow | -$23M | -$54M | $333M | 56.9% | -106.9% |
| Item | Amount |
|---|---|
| REVENUE | $322M |
| Cost of Revenue | $71M |
| GROSS PROFIT | $252M |
| R&D Expenses | $94M |
| Selling & Marketing | $148M |
| General & Administrative | $166M |
| SG&A Expenses | $314M |
| Other Expenses | $0 |
| Operating Expenses | $408M |
| Cost & Expenses | $479M |
| OPERATING INCOME | -$157M |
| Interest Income | $368.0K |
| Interest Expense | $2M |
| Other Income/Expenses | $636.0K |
| INCOME BEFORE TAX | -$156M |
| Income Tax Expense | -$8M |
| Net Income from Continuing Ops | -$148M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$148M |
| Net Income Deductions | $5M |
| BOTTOM LINE NET INCOME | -$154M |
| D&A | $4M |
| EBIT | -$154M |
| EBITDA | -$151M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$148M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $242M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $36M |
| Change in Working Capital | -$151M |
| OPERATING CASH FLOW | -$18M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$434.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $250.0K |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $219M |
| NET CASH FROM FINANCING | $219M |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | $198M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $0 |
| Net Receivables | $157M |
| Inventory | $0 |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $247M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $80M |
| Tax Assets | $0 |
| Other Non-Current Assets | $107M |
| TOTAL NON-CURRENT ASSETS | $433M |
| TOTAL ASSETS | $2.7B |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $400M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $604M |
| Long-Term Debt | $198M |
| Deferred Revenue NC | $132M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $564M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $6.5B |
| Retained Earnings | -$5.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $457M |
| Net Debt | -$1.6B |
