| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $1M | 1.0% | 23.2% |
| Op. Income | $7M | -$13M | $969.0K | 153.6% | 625.7% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 492.3% | -823.1% | 25.8% | 1315.4pp | 466.5pp |
| EPS (Diluted) | $0.41 | $-0.69 | $0.02 | 159.4% | 2269.9% |
| Free Cash Flow | -$2M | -$3M | $29M | 16.0% | -107.8% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $2M |
| R&D Expenses | $1M |
| Selling & Marketing | $1M |
| General & Administrative | $9M |
| SG&A Expenses | $11M |
| Other Expenses | -$17M |
| Operating Expenses | -$5M |
| Cost & Expenses | -$5M |
| OPERATING INCOME | $7M |
| Interest Income | $434.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $444.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | -$234.0K |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $142.0K |
| EBIT | -$10M |
| EBITDA | -$10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $2M |
| R&D Expenses | $1M |
| Selling & Marketing | $1M |
| General & Administrative | $9M |
| SG&A Expenses | $11M |
| Other Expenses | -$17M |
| Operating Expenses | -$5M |
| Cost & Expenses | -$5M |
| OPERATING INCOME | $7M |
| Interest Income | $434.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $444.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | -$234.0K |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $142.0K |
| EBIT | -$10M |
| EBITDA | -$10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $142.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$934.0K |
| Other Non-Cash Items | -$20M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | $5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$477.0K |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $40M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $246M |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $286M |
| TOTAL ASSETS | $327M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $125M |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $22M |
| TOTAL NON-CURRENT LIABILITIES | $158M |
| TOTAL LIABILITIES | $182M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $544M |
| Retained Earnings | -$399M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $145M |
| Minority Interest | $0 |
| TOTAL EQUITY | $145M |
| TOTAL LIABILITIES & EQUITY | $327M |
| Total Debt | $5M |
| Net Debt | -$23M |
