| Metric | Q2 2021 | Q1 2021 | Q2 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $88M | $75M | $67M | 18.2% | 32.8% |
| Op. Income | -$29M | -$34M | -$22M | 15.9% | -29.6% |
| Gross Margin | 83.9% | 82.0% | 84.5% | 2.0pp | -0.5pp |
| Net Margin | -37.3% | -47.7% | -36.5% | 10.4pp | -0.7pp |
| EPS (Diluted) | $-0.31 | $-0.36 | $-0.26 | 13.9% | -19.2% |
| Free Cash Flow | -$10M | $19M | -$17M | -153.3% | 37.8% |
| Item | Amount |
|---|---|
| REVENUE | $88M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $74M |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $70M |
| Other Expenses | $0 |
| Operating Expenses | $103M |
| Cost & Expenses | $117M |
| OPERATING INCOME | -$29M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$32M |
| Income Tax Expense | $915.0K |
| Net Income from Continuing Ops | -$33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$33M |
| D&A | $5M |
| EBIT | -$28M |
| EBITDA | -$24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$33M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $32M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$38M |
| Sales/Maturities of Investments | $76M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $37M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$27.0K |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | $28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $781M |
| Short-Term Investments | $32M |
| Net Receivables | $60M |
| Inventory | $0 |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $897M |
| PP&E (Net) | $87M |
| Goodwill | $23M |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $135M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $3M |
| Short-Term Debt | $14M |
| Deferred Revenue | $86M |
| Other Current Liabilities | $78M |
| TOTAL CURRENT LIABILITIES | $182M |
| Long-Term Debt | $222M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $280M |
| TOTAL LIABILITIES | $462M |
| Common Stock | $107.0K |
| Additional Paid-In Capital | $947M |
| Retained Earnings | -$379M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $570M |
| Minority Interest | $0 |
| TOTAL EQUITY | $570M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $288M |
| Net Debt | -$493M |
