| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17M | $18M | $8M | -6.1% | 110.2% |
| Op. Income | -$42M | -$38M | -$37M | -11.0% | -13.5% |
| Gross Margin | 71.7% | 80.7% | 75.5% | -9.0pp | -3.8pp |
| Net Margin | -203.8% | -226.9% | -18.5% | 23.1pp | -185.3pp |
| EPS (Diluted) | $-0.91 | $-1.08 | $-0.04 | 15.7% | -2192.2% |
| Free Cash Flow | -$25M | -$40M | -$29M | 38.4% | 15.5% |
| Item | Amount |
|---|---|
| REVENUE | $17M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $12M |
| R&D Expenses | $38M |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | $50.0K |
| Operating Expenses | $54M |
| Cost & Expenses | $58M |
| OPERATING INCOME | -$42M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | -$500.0K |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $2M |
| EBIT | -$34M |
| EBITDA | -$32M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$40M |
| Sales/Maturities of Investments | $88M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $44M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$25M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $94M |
| Short-Term Investments | $175M |
| Net Receivables | $43M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $329M |
| PP&E (Net) | $41M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $70M |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $121M |
| TOTAL ASSETS | $450M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $450.0K |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $40M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $582.0K |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $52M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $649M |
| Retained Earnings | -$252M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $750.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $398M |
| Minority Interest | $0 |
| TOTAL EQUITY | $398M |
| TOTAL LIABILITIES & EQUITY | $450M |
| Total Debt | $10M |
| Net Debt | -$84M |
