Q2 2020 Earnings

Reported June 30, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q2 2020	Q1 2020	Q2 2019	QoQ Change	YoY Change
Revenue	$81M	$73M	—	11.9%	—
Op. Income	-$50M	-$34M	—	-47.5%	—
Gross Margin	32.1%	37.9%	—	-5.8pp	—
Net Margin	-53.4%	-36.3%	—	-17.1pp	—
EPS (Diluted)	$-0.04	$-0.03	—	-50.0%	—

Income Statement

Item	Amount
REVENUE	$81M
Cost of Revenue	$55M
GROSS PROFIT	$26M
R&D Expenses	$13M
Selling & Marketing	$10M
General & Administrative	$51M
SG&A Expenses	$61M
Other Expenses	-$2M
Operating Expenses	$76M
Cost & Expenses	$132M
OPERATING INCOME	-$50M
Interest Income	$9M
Interest Expense	$139.5K
Other Income/Expenses	$7M
INCOME BEFORE TAX	-$44M
Income Tax Expense	-$237.3K
Net Income from Continuing Ops	-$43M
Net Income from Discontinued Ops	$16.2K
Other Adjustments	$0
NET INCOME	-$43M
Net Income Deductions	$16.2K
BOTTOM LINE NET INCOME	-$43M
D&A	$3M
EBIT	-$44M
EBITDA	-$44M
EPS	-$0
EPS Diluted	-$0