| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $62M | $36M | $24M | 70.0% | 155.5% |
| Op. Income | -$63M | -$121M | -$112M | 47.7% | 43.9% |
| Gross Margin | 97.1% | 109.6% | 96.8% | -12.6pp | 0.3pp |
| Net Margin | 41.0% | -327.8% | -410.7% | 368.8pp | 451.7pp |
| EPS (Diluted) | $0.41 | $-2.05 | $-1.72 | 120.0% | 123.8% |
| Free Cash Flow | $83M | -$109M | -$94M | 176.2% | 188.3% |
| Item | Amount |
|---|---|
| REVENUE | $62M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $60M |
| R&D Expenses | $81M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $123M |
| Cost & Expenses | $125M |
| OPERATING INCOME | -$63M |
| Interest Income | $2M |
| Interest Expense | $8M |
| Other Income/Expenses | $89M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $415.0K |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $3M |
| EBIT | $34M |
| EBITDA | $37M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $25M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | -$95M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $127M |
| OPERATING CASH FLOW | $87M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$181M |
| Sales/Maturities of Investments | $99M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$86M |
| Net Debt Issuance | -$58.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $36M |
| FREE CASH FLOW | $83M |
| Net Change in Cash | $37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $336M |
| Short-Term Investments | $478M |
| Net Receivables | $23M |
| Inventory | $11M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $906M |
| PP&E (Net) | $85M |
| Goodwill | $44M |
| Intangible Assets | $131M |
| Long-Term Investments | $144M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $408M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $132M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $220M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $33M |
| Other Non-Current Liabilities | $326M |
| TOTAL NON-CURRENT LIABILITIES | $399M |
| TOTAL LIABILITIES | $618M |
| Common Stock | $60.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $696M |
| Minority Interest | $0 |
| TOTAL EQUITY | $696M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $44M |
| Net Debt | -$292M |
