| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36M | $36M | $18M | 2.0% | 99.8% |
| Op. Income | -$121M | -$94M | -$99M | -27.8% | -21.6% |
| Gross Margin | 109.6% | 85.7% | 97.5% | 24.0pp | 12.1pp |
| Net Margin | -327.8% | -263.5% | -532.4% | -64.3pp | 204.6pp |
| EPS (Diluted) | $-2.05 | $-1.62 | $-1.82 | -26.5% | -12.6% |
| Free Cash Flow | -$109M | -$84M | -$99M | -30.8% | -10.5% |
| Item | Amount |
|---|---|
| REVENUE | $36M |
| Cost of Revenue | -$4M |
| GROSS PROFIT | $40M |
| R&D Expenses | $113M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $48M |
| Other Expenses | $0 |
| Operating Expenses | $160M |
| Cost & Expenses | $157M |
| OPERATING INCOME | -$121M |
| Interest Income | $3M |
| Interest Expense | $8M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$119M |
| Income Tax Expense | $409.0K |
| Net Income from Continuing Ops | -$119M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$119M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$119M |
| D&A | $3M |
| EBIT | -$111M |
| EBITDA | -$108M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$119M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$95M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$285M |
| Sales/Maturities of Investments | $204M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$95M |
| Net Debt Issuance | -$33.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $380.0K |
| NET CASH FROM FINANCING | $56M |
| FREE CASH FLOW | -$109M |
| Net Change in Cash | -$135M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $298M |
| Short-Term Investments | $365M |
| Net Receivables | $155M |
| Inventory | $11M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $894M |
| PP&E (Net) | $83M |
| Goodwill | $44M |
| Intangible Assets | $129M |
| Long-Term Investments | $77M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $339M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $107M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $197M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $38M |
| Deferred Tax Liabilities | $33M |
| Other Non-Current Liabilities | $321M |
| TOTAL NON-CURRENT LIABILITIES | $427M |
| TOTAL LIABILITIES | $624M |
| Common Stock | $59.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $609M |
| Minority Interest | $0 |
| TOTAL EQUITY | $609M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $42M |
| Net Debt | -$256M |
