| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $53M | $51M | $49M | 4.8% | 7.6% |
| Op. Income | $13M | $12M | $3M | 14.1% | 397.0% |
| Gross Margin | 53.0% | 52.0% | 31.6% | 0.9pp | 21.4pp |
| Net Margin | 19.0% | 17.9% | 3.9% | 1.0pp | 15.1pp |
| EPS (Diluted) | $1.27 | $1.15 | $0.24 | 10.4% | 429.2% |
| Free Cash Flow | $10M | $6M | -$672.0K | 62.9% | 1577.1% |
| Item | Amount |
|---|---|
| REVENUE | $53M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $28M |
| R&D Expenses | $0 |
| Selling & Marketing | $140.0K |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $6M |
| Operating Expenses | $15M |
| Cost & Expenses | $40M |
| OPERATING INCOME | $13M |
| Interest Income | $51M |
| Interest Expense | $25M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $1M |
| EBIT | $13M |
| EBITDA | $15M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $53M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $28M |
| R&D Expenses | $0 |
| Selling & Marketing | $140.0K |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $6M |
| Operating Expenses | $15M |
| Cost & Expenses | $40M |
| OPERATING INCOME | $13M |
| Interest Income | $51M |
| Interest Expense | $25M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $1M |
| EBIT | $13M |
| EBITDA | $15M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $657.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$162.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$404.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$660.0K |
| Sales/Maturities of Investments | $16M |
| Other Investing Activities | -$49M |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | -$110M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $108M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | -$27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $290M |
| Short-Term Investments | $28M |
| Net Receivables | $16M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $333M |
| PP&E (Net) | $22M |
| Goodwill | $3M |
| Intangible Assets | $0 |
| Long-Term Investments | $2.8B |
| Tax Assets | $9M |
| Other Non-Current Assets | $95M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $3.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.8B |
| TOTAL CURRENT LIABILITIES | $2.8B |
| Long-Term Debt | $145M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $49M |
| TOTAL NON-CURRENT LIABILITIES | $194M |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $119M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $174M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$570.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $293M |
| Minority Interest | $0 |
| TOTAL EQUITY | $293M |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $145M |
| Net Debt | -$145M |
