| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $38M | $37M | $35M | 3.5% | 9.8% |
| Op. Income | -$2M | $5M | $3M | -138.8% | -171.0% |
| Gross Margin | 68.8% | 66.8% | 56.0% | 2.0pp | 12.8pp |
| Net Margin | -2.4% | 10.4% | 5.9% | -12.8pp | -8.3pp |
| EPS (Diluted) | $-0.05 | $0.19 | $0.10 | -125.8% | -149.0% |
| Free Cash Flow | $23M | -$3M | $2M | 803.0% | 1319.7% |
| Item | Amount |
|---|---|
| REVENUE | $38M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $26M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $17M |
| Operating Expenses | $28M |
| Cost & Expenses | $40M |
| OPERATING INCOME | -$2M |
| Interest Income | $34M |
| Interest Expense | $10M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$907.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$907.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$907.0K |
| D&A | $0 |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$907.0K |
| Depreciation & Amortization | $748.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$871.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$12M |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | -$27M |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$16M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$364M |
| NET CASH FROM FINANCING | -$193M |
| FREE CASH FLOW | $23M |
| Net Change in Cash | -$197M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $112M |
| Short-Term Investments | $179M |
| Net Receivables | $8M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $299M |
| PP&E (Net) | $29M |
| Goodwill | $12M |
| Intangible Assets | $3M |
| Long-Term Investments | $2.4B |
| Tax Assets | $11M |
| Other Non-Current Assets | $75M |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $0 |
| Short-Term Debt | $225M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.0B |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $63M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $48M |
| TOTAL NON-CURRENT LIABILITIES | $110M |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $201.0K |
| Additional Paid-In Capital | $195M |
| Retained Earnings | $207M |
| Treasury Stock | -$15M |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $372M |
| Minority Interest | $0 |
| TOTAL EQUITY | $372M |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $288M |
| Net Debt | $176M |
