Well, yeah. But those weren't "earnings". Just cashflow. And I think the picture may look a little different when we see the actual earnings report.
Although I am interested to see how they managed positive cashflow with such a drop in revenue. I suspect it has something to do with inventory management. They were likely able to reduce API purchases considerably. So, while that wouldn't impact earnings (API taken out of inventory is still recorded as COGS), it would positively impact cashflow.
My guess is that we see the Inventory number dropped quite a bit in Q2.
I also wonder if some meaningful milestone payments were recorded in the quarter. That would actually be a positive for earnings AND cashflow.
News 
Market Data 
Discover 
