| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $21M | $19M | $17M | 6.7% | 18.9% |
| Op. Income | $3M | $2M | $2M | 70.0% | 111.7% |
| Gross Margin | 41.5% | 35.4% | 37.5% | 6.1pp | 4.0pp |
| Net Margin | 11.7% | 7.4% | 6.5% | 4.3pp | 5.3pp |
| EPS (Diluted) | $0.29 | $0.17 | $0.14 | 70.6% | 107.1% |
| Free Cash Flow | $4M | $2M | $861.0K | 114.3% | 359.2% |
| Item | Amount |
|---|---|
| REVENUE | $21M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $9M |
| R&D Expenses | $0 |
| Selling & Marketing | $172.0K |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $1M |
| Operating Expenses | $5M |
| Cost & Expenses | $18M |
| OPERATING INCOME | $3M |
| Interest Income | $20M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $817.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $74.0K |
| EBIT | $3M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $21M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $9M |
| R&D Expenses | $0 |
| Selling & Marketing | $172.0K |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $1M |
| Operating Expenses | $5M |
| Cost & Expenses | $18M |
| OPERATING INCOME | $3M |
| Interest Income | $20M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $817.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $74.0K |
| EBIT | $3M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $74.0K |
| Stock-Based Compensation | $466.0K |
| Deferred Income Tax | -$134.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$482.0K |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$71.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$11M |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | -$32M |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $41M |
| NET CASH FROM FINANCING | $34M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $111M |
| Short-Term Investments | $10M |
| Net Receivables | $5M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $126M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.4B |
| Tax Assets | $6M |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $1.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $260M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $275M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $88.0K |
| Additional Paid-In Capital | $83M |
| Retained Earnings | $93M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$998.0K |
| Other Equity | -$6M |
| TOTAL STOCKHOLDERS' EQUITY | $169M |
| Minority Interest | $0 |
| TOTAL EQUITY | $169M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $260M |
| Net Debt | $149M |
