| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $77M | $67M | $66M | 15.3% | 16.9% |
| Op. Income | -$16M | -$22M | -$16M | 25.5% | -3.0% |
| Gross Margin | 85.3% | 84.5% | 86.6% | 0.8pp | -1.3pp |
| Net Margin | -25.0% | -36.5% | -25.9% | 11.5pp | 0.8pp |
| EPS (Diluted) | $-0.20 | $-0.26 | $-0.19 | 23.1% | -5.3% |
| Free Cash Flow | -$5M | -$17M | -$18M | 68.1% | 70.7% |
| Item | Amount |
|---|---|
| REVENUE | $77M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $65M |
| R&D Expenses | $25M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $57M |
| Other Expenses | $0 |
| Operating Expenses | $82M |
| Cost & Expenses | $93M |
| OPERATING INCOME | -$16M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | $220.0K |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $5M |
| EBIT | -$19M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $24M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$71.0K |
| Sales/Maturities of Investments | -$8M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $231M |
| Short-Term Investments | $94M |
| Net Receivables | $60M |
| Inventory | $0 |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $401M |
| PP&E (Net) | $80M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $101M |
| TOTAL ASSETS | $503M |
| Account Payables | $767.0K |
| Short-Term Debt | $9M |
| Deferred Revenue | $81M |
| Other Current Liabilities | $58M |
| TOTAL CURRENT LIABILITIES | $148M |
| Long-Term Debt | $217M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $271M |
| TOTAL LIABILITIES | $420M |
| Common Stock | $32.0K |
| Additional Paid-In Capital | $371M |
| Retained Earnings | -$292M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $83M |
| Minority Interest | $0 |
| TOTAL EQUITY | $83M |
| TOTAL LIABILITIES & EQUITY | $503M |
| Total Debt | $274M |
| Net Debt | $42M |
