| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | $33M | $5M | -44.7% | 247.6% |
| Op. Income | -$24M | -$14M | -$29M | -77.5% | 16.6% |
| Gross Margin | -78.7% | -11.9% | -377.8% | -66.9pp | 299.0pp |
| Net Margin | -134.3% | -38.5% | -522.8% | -95.8pp | 388.5pp |
| EPS (Diluted) | $-0.66 | $-0.34 | $-0.81 | -94.1% | 18.5% |
| Free Cash Flow | -$30M | -$27M | $124M | -13.3% | -124.4% |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $32M |
| GROSS PROFIT | -$14M |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | -$32M |
| Operating Expenses | $10M |
| Cost & Expenses | $43M |
| OPERATING INCOME | -$24M |
| Interest Income | $978.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $170.0K |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $842.0K |
| EBIT | -$24M |
| EBITDA | -$24M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $842.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $620.0K |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$29M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $111M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $109M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $34.0K |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | $79M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $165M |
| Short-Term Investments | $86M |
| Net Receivables | $16M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $272M |
| PP&E (Net) | $46M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $50M |
| TOTAL ASSETS | $323M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $47M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $73M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $139M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $170M |
| TOTAL LIABILITIES | $243M |
| Common Stock | $37.0K |
| Additional Paid-In Capital | $416M |
| Retained Earnings | -$337M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $421.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $80M |
| Minority Interest | $0 |
| TOTAL EQUITY | $80M |
| TOTAL LIABILITIES & EQUITY | $323M |
| Total Debt | $33M |
| Net Debt | -$132M |
