| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $64M | $62M | $61M | 3.1% | 4.0% |
| Op. Income | $7M | $11M | $7M | -32.7% | 1.8% |
| Gross Margin | 54.9% | 63.2% | 54.9% | -8.3pp | -0.0pp |
| Net Margin | 8.5% | 13.8% | 9.2% | -5.3pp | -0.7pp |
| EPS (Diluted) | $0.24 | $0.37 | $0.24 | -35.1% | 0.0% |
| Free Cash Flow | $10M | $8M | $8M | 33.8% | 21.9% |
| Item | Amount |
|---|---|
| REVENUE | $64M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $35M |
| R&D Expenses | $0 |
| Selling & Marketing | $669.0K |
| General & Administrative | $15M |
| SG&A Expenses | $16M |
| Other Expenses | $12M |
| Operating Expenses | $28M |
| Cost & Expenses | $56M |
| OPERATING INCOME | $7M |
| Interest Income | $59M |
| Interest Expense | $25M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $2M |
| EBIT | $7M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $64M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $35M |
| R&D Expenses | $0 |
| Selling & Marketing | $669.0K |
| General & Administrative | $15M |
| SG&A Expenses | $16M |
| Other Expenses | $12M |
| Operating Expenses | $28M |
| Cost & Expenses | $56M |
| OPERATING INCOME | $7M |
| Interest Income | $59M |
| Interest Expense | $25M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $2M |
| EBIT | $7M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $539.0K |
| Deferred Income Tax | -$490.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $657.0K |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $40M |
| Other Investing Activities | -$83M |
| NET CASH FROM INVESTING | -$50M |
| Net Debt Issuance | $62M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | $45M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $107M |
| Short-Term Investments | $664M |
| Net Receivables | $64M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $835M |
| PP&E (Net) | $72M |
| Goodwill | $1M |
| Intangible Assets | $1M |
| Long-Term Investments | $3.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $159M |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $4.8B |
| Account Payables | $0 |
| Short-Term Debt | $136M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.1B |
| TOTAL CURRENT LIABILITIES | $4.2B |
| Long-Term Debt | $40M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $177M |
| TOTAL NON-CURRENT LIABILITIES | $217M |
| TOTAL LIABILITIES | $4.4B |
| Common Stock | $22M |
| Additional Paid-In Capital | $80M |
| Retained Earnings | $356M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$46M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $413M |
| Minority Interest | $0 |
| TOTAL EQUITY | $413M |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $176M |
| Net Debt | $69M |
