Q2 2020 Earnings

Reported June 29, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q2 2020	Q1 2020	Q2 2019	QoQ Change	YoY Change
Revenue	$175M	$101M	—	72.8%	—
Op. Income	-$17M	-$29M	—	41.7%	—
Gross Margin	25.6%	27.7%	—	-2.0pp	—
Net Margin	-9.0%	-26.9%	—	17.9pp	—
EPS (Diluted)	$-2.25	$-2.66	—	15.4%	—

Income Statement

Item	Amount
REVENUE	$175M
Cost of Revenue	$130M
GROSS PROFIT	$45M
R&D Expenses	$5M
Selling & Marketing	$29M
General & Administrative	$28M
SG&A Expenses	$57M
Other Expenses	-$388.8K
Operating Expenses	$62M
Cost & Expenses	$192M
OPERATING INCOME	-$17M
Interest Income	$783.2K
Interest Expense	$1M
Other Income/Expenses	-$467.4K
INCOME BEFORE TAX	-$17M
Income Tax Expense	-$2M
Net Income from Continuing Ops	-$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$63M
D&A	$14M
EBIT	-$16M
EBITDA	-$3M
EPS	-$2
EPS Diluted	-$2