| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32M | $32M | $31M | 1.8% | 2.6% |
| Op. Income | $5M | $4M | $3M | 24.3% | 53.1% |
| Gross Margin | 71.4% | 68.2% | 64.2% | 3.2pp | 7.2pp |
| Net Margin | 11.3% | 10.2% | 8.6% | 1.0pp | 2.6pp |
| EPS (Diluted) | $0.46 | $0.41 | $0.34 | 12.2% | 35.3% |
| Free Cash Flow | $7M | $1M | -$749.0K | 410.8% | 1046.6% |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $308.0K |
| General & Administrative | $11M |
| SG&A Expenses | $12M |
| Other Expenses | $6M |
| Operating Expenses | $18M |
| Cost & Expenses | $27M |
| OPERATING INCOME | $5M |
| Interest Income | $28M |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $2M |
| EBIT | $5M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $308.0K |
| General & Administrative | $11M |
| SG&A Expenses | $12M |
| Other Expenses | $6M |
| Operating Expenses | $18M |
| Cost & Expenses | $27M |
| OPERATING INCOME | $5M |
| Interest Income | $28M |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $2M |
| EBIT | $5M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $283.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $162.0K |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | $14M |
| NET CASH FROM INVESTING | $21M |
| Net Debt Issuance | -$40M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1M |
| Other Financing Activities | $14M |
| NET CASH FROM FINANCING | -$27M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $260M |
| Net Receivables | $17M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $307M |
| PP&E (Net) | $102M |
| Goodwill | $35M |
| Intangible Assets | $19M |
| Long-Term Investments | $1.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $107M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.8B |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $138M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $43M |
| TOTAL NON-CURRENT LIABILITIES | $181M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $85.0K |
| Additional Paid-In Capital | $109M |
| Retained Earnings | $108M |
| Treasury Stock | -$12M |
| Accum. Other Comp. Income | -$15M |
| Other Equity | -$4M |
| TOTAL STOCKHOLDERS' EQUITY | $186M |
| Minority Interest | $0 |
| TOTAL EQUITY | $186M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $138M |
| Net Debt | $109M |
