Q1 2020 Earnings

Reported March 31, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q1 2020	Q4 2019	Q1 2019	QoQ Change	YoY Change
Revenue	$43M	$74M	—	-42.1%	—
Op. Income	-$54M	-$48M	—	-11.4%	—
Gross Margin	9.4%	39.1%	—	-29.8pp	—
Net Margin	-116.3%	-59.5%	—	-56.8pp	—
EPS (Diluted)	$-4.65	$-4.13	—	-12.7%	—

Income Statement

Item	Amount
REVENUE	$43M
Cost of Revenue	$39M
GROSS PROFIT	$4M
R&D Expenses	$3M
Selling & Marketing	$35M
General & Administrative	$21M
SG&A Expenses	$55M
Other Expenses	$0
Operating Expenses	$58M
Cost & Expenses	$97M
OPERATING INCOME	-$54M
Interest Income	$0
Interest Expense	$215.8K
Other Income/Expenses	$151.2K
INCOME BEFORE TAX	-$54M
Income Tax Expense	-$3M
Net Income from Continuing Ops	-$50M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$50M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$50M
D&A	$0
EBIT	-$54M
EBITDA	-$54M
EPS	-$5
EPS Diluted	-$5