Q2 2020 Earnings

Reported November 4, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q2 2020	Q1 2020	Q2 2019	QoQ Change	YoY Change
Revenue	$119M	$88M	—	34.1%	—
Op. Income	-$21M	-$4M	—	-475.8%	—
Gross Margin	-22.1%	100.0%	—	-122.1pp	—
Net Margin	-18.7%	-4.6%	—	-14.1pp	—
EPS (Diluted)	$-0.28	$0.00	—	-Infinity%	—

Income Statement

Item	Amount
REVENUE	$119M
Cost of Revenue	$145M
GROSS PROFIT	-$26M
R&D Expenses	-$400.0K
Selling & Marketing	-$72M
General & Administrative	$45M
SG&A Expenses	-$27M
Other Expenses	$22M
Operating Expenses	-$5M
Cost & Expenses	$139M
OPERATING INCOME	-$21M
Interest Income	$0
Interest Expense	$8M
Other Income/Expenses	-$592.0K
INCOME BEFORE TAX	-$21M
Income Tax Expense	$834.0K
Net Income from Continuing Ops	-$22M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$22M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$22M
D&A	$8M
EBIT	-$17M
EBITDA	-$9M
EPS	-$0
EPS Diluted	-$0