| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $81M | $62M | $26M | 32.0% | 215.8% |
| Op. Income | -$50M | -$63M | -$118M | 20.2% | 57.4% |
| Gross Margin | 97.1% | 97.1% | 89.6% | 0.0pp | 7.5pp |
| Net Margin | -84.5% | 41.0% | -438.0% | -125.5pp | 353.5pp |
| EPS (Diluted) | $-1.13 | $0.41 | $-1.96 | -375.6% | 42.3% |
| Free Cash Flow | -$68M | $83M | -$94M | -181.7% | 27.3% |
| Item | Amount |
|---|---|
| REVENUE | $81M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $79M |
| R&D Expenses | $87M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $129M |
| Cost & Expenses | $132M |
| OPERATING INCOME | -$50M |
| Interest Income | $1M |
| Interest Expense | $9M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | -$69M |
| Income Tax Expense | $313.0K |
| Net Income from Continuing Ops | -$69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$69M |
| D&A | $3M |
| EBIT | -$60M |
| EBITDA | -$57M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$69M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $12M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$34M |
| OPERATING CASH FLOW | -$62M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$193M |
| Sales/Maturities of Investments | $105M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$96M |
| Net Debt Issuance | -$58.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $19M |
| NET CASH FROM FINANCING | $19M |
| FREE CASH FLOW | -$68M |
| Net Change in Cash | -$138M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $197M |
| Short-Term Investments | $568M |
| Net Receivables | $28M |
| Inventory | $14M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $872M |
| PP&E (Net) | $86M |
| Goodwill | $44M |
| Intangible Assets | $131M |
| Long-Term Investments | $129M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $396M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $103M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $201M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $33M |
| Other Non-Current Liabilities | $331M |
| TOTAL NON-CURRENT LIABILITIES | $401M |
| TOTAL LIABILITIES | $602M |
| Common Stock | $61.0K |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $666M |
| Minority Interest | $0 |
| TOTAL EQUITY | $666M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $44M |
| Net Debt | -$153M |
