| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $448M | $401M | $295M | 11.8% | 51.8% |
| Op. Income | -$112M | -$103M | -$94M | -9.4% | -19.0% |
| Gross Margin | 49.8% | 50.2% | 51.1% | -0.4pp | -1.3pp |
| Net Margin | -26.1% | -24.9% | -29.7% | -1.2pp | 3.6pp |
| EPS (Diluted) | $-0.79 | $-0.71 | $-0.64 | -11.3% | -23.4% |
| Free Cash Flow | -$11M | -$17M | -$2M | 35.3% | -610.9% |
| Item | Amount |
|---|---|
| REVENUE | $448M |
| Cost of Revenue | $225M |
| GROSS PROFIT | $223M |
| R&D Expenses | $137M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $199M |
| Other Expenses | $0 |
| Operating Expenses | $335M |
| Cost & Expenses | $560M |
| OPERATING INCOME | -$112M |
| Interest Income | $7M |
| Interest Expense | $6M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$116M |
| Income Tax Expense | $648.0K |
| Net Income from Continuing Ops | -$117M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$117M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$117M |
| D&A | $43M |
| EBIT | -$110M |
| EBITDA | -$67M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$117M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $89M |
| Deferred Income Tax | -$359.0K |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$32M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | -$61.0K |
| Purchases of Investments | -$1.0B |
| Sales/Maturities of Investments | $271M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$766M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $1.4B |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | $651M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $2.2B |
| Net Receivables | $204M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $366M |
| Goodwill | $2.3B |
| Intangible Assets | $404M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $93M |
| TOTAL NON-CURRENT ASSETS | $3.2B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $40M |
| Short-Term Debt | $0 |
| Deferred Revenue | $34M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $326M |
| Long-Term Debt | $433M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $635M |
| TOTAL LIABILITIES | $961M |
| Common Stock | $150.0K |
| Additional Paid-In Capital | $6.7B |
| Retained Earnings | -$990M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $662M |
| Net Debt | -$465M |
