| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | $9M | $12M | 88.2% | 45.2% |
| Op. Income | -$11M | -$16M | -$13M | 35.3% | 16.6% |
| Gross Margin | -8.6% | -82.1% | -37.6% | 73.5pp | 29.0pp |
| Net Margin | 96.2% | 315.5% | -105.2% | -219.3pp | 201.3pp |
| EPS (Diluted) | $4.50 | $9.40 | $-5.60 | -52.1% | 180.4% |
| Free Cash Flow | -$21M | -$14M | -$17M | -44.8% | -23.1% |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $19M |
| GROSS PROFIT | -$2M |
| R&D Expenses | $19M |
| Selling & Marketing | $1M |
| General & Administrative | $9M |
| SG&A Expenses | $10M |
| Other Expenses | -$20M |
| Operating Expenses | $9M |
| Cost & Expenses | $28M |
| OPERATING INCOME | -$11M |
| Interest Income | $295.0K |
| Interest Expense | $2M |
| Other Income/Expenses | $28M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $967.0K |
| EBIT | -$12M |
| EBITDA | -$11M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $17M |
| Depreciation & Amortization | $967.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$28M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$18M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$23M |
| Sales/Maturities of Investments | $26M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $296.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$128.0K |
| NET CASH FROM FINANCING | $17M |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | -$121.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $64M |
| Short-Term Investments | $217M |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $292M |
| PP&E (Net) | $12M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $872.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $307M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $16M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $24M |
| Deferred Revenue NC | $8M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $431.0K |
| TOTAL NON-CURRENT LIABILITIES | $33M |
| TOTAL LIABILITIES | $63M |
| Common Stock | $38.0K |
| Additional Paid-In Capital | $412M |
| Retained Earnings | -$168M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $237.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $244M |
| Minority Interest | $0 |
| TOTAL EQUITY | $244M |
| TOTAL LIABILITIES & EQUITY | $307M |
| Total Debt | $24M |
| Net Debt | -$40M |
