| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $11M | $11M | 1.0% | 0.0% |
| Op. Income | $527.5K | $171.8K | -$620.2K | 207.0% | 185.0% |
| Gross Margin | 39.0% | 37.2% | 27.3% | 1.8pp | 11.7pp |
| Net Margin | 4.2% | 2.1% | -3.4% | 2.1pp | 7.5pp |
| EPS (Diluted) | $0.04 | $0.02 | $-0.03 | 101.7% | 224.2% |
| Free Cash Flow | $277.1K | $2M | -$330.9K | -85.6% | 183.7% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $4M |
| R&D Expenses | $0 |
| Selling & Marketing | $10.3K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $1M |
| Operating Expenses | $4M |
| Cost & Expenses | $10M |
| OPERATING INCOME | $527.5K |
| Interest Income | $11M |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $527.5K |
| Income Tax Expense | $72.8K |
| Net Income from Continuing Ops | $454.6K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $454.6K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $454.6K |
| D&A | $139.3K |
| EBIT | $527.5K |
| EBITDA | $666.7K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $4M |
| R&D Expenses | $0 |
| Selling & Marketing | $10.3K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $1M |
| Operating Expenses | $4M |
| Cost & Expenses | $10M |
| OPERATING INCOME | $527.5K |
| Interest Income | $11M |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $527.5K |
| Income Tax Expense | $72.8K |
| Net Income from Continuing Ops | $454.6K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $454.6K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $454.6K |
| D&A | $139.3K |
| EBIT | $527.5K |
| EBITDA | $666.7K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $454.6K |
| Depreciation & Amortization | $139.3K |
| Stock-Based Compensation | $281.7K |
| Deferred Income Tax | -$621.9K |
| Other Non-Cash Items | -$154.7K |
| Change in Working Capital | $193.4K |
| OPERATING CASH FLOW | $292.5K |
| Capital Expenditure | -$15.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$25M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $25M |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | -$17M |
| Common Stock Repurchased | $355.9K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $18M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $277.1K |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31M |
| Short-Term Investments | $114M |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $150M |
| PP&E (Net) | $15M |
| Goodwill | $0 |
| Intangible Assets | $118.2K |
| Long-Term Investments | $718M |
| Tax Assets | $0 |
| Other Non-Current Assets | $43M |
| TOTAL NON-CURRENT ASSETS | $776M |
| TOTAL ASSETS | $926M |
| Account Payables | $0 |
| Short-Term Debt | $35M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $647M |
| TOTAL CURRENT LIABILITIES | $682M |
| Long-Term Debt | $84M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $103M |
| TOTAL LIABILITIES | $785M |
| Common Stock | $130.0K |
| Additional Paid-In Capital | $55M |
| Retained Earnings | $91M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | -$4M |
| TOTAL STOCKHOLDERS' EQUITY | $141M |
| Minority Interest | $0 |
| TOTAL EQUITY | $141M |
| TOTAL LIABILITIES & EQUITY | $926M |
| Total Debt | $130M |
| Net Debt | $99M |
