| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $365M | $331M | $233M | 10.2% | 56.5% |
| Op. Income | -$93M | -$92M | -$75M | -0.5% | -23.3% |
| Gross Margin | 50.9% | 48.2% | 51.9% | 2.6pp | -1.0pp |
| Net Margin | -26.0% | -27.2% | -15.7% | 1.3pp | -10.3pp |
| EPS (Diluted) | $-0.68 | $-0.66 | $-0.31 | -3.0% | -119.4% |
| Free Cash Flow | $590.0K | -$19M | -$17M | 103.0% | 103.4% |
| Item | Amount |
|---|---|
| REVENUE | $365M |
| Cost of Revenue | $179M |
| GROSS PROFIT | $186M |
| R&D Expenses | $114M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $164M |
| Other Expenses | $0 |
| Operating Expenses | $278M |
| Cost & Expenses | $458M |
| OPERATING INCOME | -$93M |
| Interest Income | $9M |
| Interest Expense | $7M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$94M |
| Income Tax Expense | $977.0K |
| Net Income from Continuing Ops | -$95M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$95M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$95M |
| D&A | $40M |
| EBIT | -$87M |
| EBITDA | -$47M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$95M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $69M |
| Deferred Income Tax | -$162.0K |
| Other Non-Cash Items | $25M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$228M |
| Sales/Maturities of Investments | $317M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $72M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | $590.0K |
| Net Change in Cash | $92M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $346M |
| Short-Term Investments | $1.5B |
| Net Receivables | $173M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $310M |
| Goodwill | $2.3B |
| Intangible Assets | $445M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $41M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $18M |
| Short-Term Debt | $0 |
| Deferred Revenue | $27M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $277M |
| Long-Term Debt | $464M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $633M |
| TOTAL LIABILITIES | $910M |
| Common Stock | $139.0K |
| Additional Paid-In Capital | $5.0B |
| Retained Earnings | -$774M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.3B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $648M |
| Net Debt | $303M |
