| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28M | $28M | $26M | -2.2% | 8.7% |
| Op. Income | $7M | $7M | $5M | -1.4% | 31.6% |
| Gross Margin | 67.2% | 69.7% | 61.9% | -2.5pp | 5.3pp |
| Net Margin | 18.7% | 18.3% | 15.1% | 0.4pp | 3.6pp |
| EPS (Diluted) | $0.67 | $0.67 | $0.50 | 0.0% | 34.0% |
| Free Cash Flow | $9M | -$454.0K | $10M | 2092.1% | -10.4% |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $557.0K |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $3M |
| Operating Expenses | $12M |
| Cost & Expenses | $21M |
| OPERATING INCOME | $7M |
| Interest Income | $25M |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $1M |
| 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 | $466.0K |
| EBIT | $7M |
| EBITDA | $7M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $557.0K |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $3M |
| Operating Expenses | $12M |
| Cost & Expenses | $21M |
| OPERATING INCOME | $7M |
| Interest Income | $25M |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $1M |
| 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 | $466.0K |
| EBIT | $7M |
| EBITDA | $7M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $466.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$122.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | -$19M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $333.0K |
| Common Dividends Paid | -$1M |
| Other Financing Activities | $16M |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $194M |
| Short-Term Investments | $19M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $213M |
| PP&E (Net) | $31M |
| Goodwill | $15M |
| Intangible Assets | $328.0K |
| Long-Term Investments | $1.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $50M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $0 |
| Short-Term Debt | $100M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.8B |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $15M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $34M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $8M |
| Additional Paid-In Capital | $95M |
| Retained Earnings | $77M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$20M |
| Other Equity | $3M |
| TOTAL STOCKHOLDERS' EQUITY | $162M |
| Minority Interest | $0 |
| TOTAL EQUITY | $162M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $117M |
| Net Debt | -$77M |
