Q3 2020 Earnings

Reported September 29, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q3 2020	Q2 2020	Q3 2019	QoQ Change	YoY Change
Revenue	$194M	$175M	—	10.9%	—
Op. Income	-$12M	-$17M	—	26.9%	—
Gross Margin	25.8%	25.6%	—	0.2pp	—
Net Margin	-7.1%	-9.0%	—	1.9pp	—
EPS (Diluted)	$-2.09	$-2.25	—	7.0%	—

Income Statement

Item	Amount
REVENUE	$194M
Cost of Revenue	$144M
GROSS PROFIT	$50M
R&D Expenses	$6M
Selling & Marketing	$27M
General & Administrative	$31M
SG&A Expenses	$58M
Other Expenses	-$1M
Operating Expenses	$62M
Cost & Expenses	$206M
OPERATING INCOME	-$12M
Interest Income	$141.9K
Interest Expense	$692.3K
Other Income/Expenses	-$3M
INCOME BEFORE TAX	-$15M
Income Tax Expense	-$2M
Net Income from Continuing Ops	-$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$59M
D&A	$9M
EBIT	-$15M
EBITDA	-$4M
EPS	-$2
EPS Diluted	-$2