| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $27M | $25M | $26M | 8.9% | 5.6% |
| Op. Income | $4M | $2M | $4M | 50.4% | -2.2% |
| Gross Margin | 44.5% | 39.0% | 45.7% | 5.5pp | -1.2pp |
| Net Margin | 9.2% | 7.9% | 7.3% | 1.4pp | 1.9pp |
| EPS (Diluted) | $0.38 | $0.29 | $0.28 | 31.0% | 35.7% |
| Free Cash Flow | $3M | $2M | $3M | 69.7% | -2.2% |
| Item | Amount |
|---|---|
| REVENUE | $27M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $12M |
| R&D Expenses | $441.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $24M |
| OPERATING INCOME | $4M |
| Interest Income | $463.0K |
| Interest Expense | $7.0K |
| Other Income/Expenses | $468.0K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $1M |
| EBIT | $4M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $27M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $12M |
| R&D Expenses | $441.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $24M |
| OPERATING INCOME | $4M |
| Interest Income | $463.0K |
| Interest Expense | $7.0K |
| Other Income/Expenses | $468.0K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $1M |
| EBIT | $4M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$233.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$593.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | -$2.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$600.0K |
| Net Debt Issuance | -$123.0K |
| Common Stock Repurchased | -$465.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $674.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $123.0K |
| Net Receivables | $82M |
| Inventory | $3M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $141M |
| PP&E (Net) | $55M |
| Goodwill | $4M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $6M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $74M |
| TOTAL ASSETS | $215M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $371.0K |
| Other Non-Current Liabilities | $285.0K |
| TOTAL NON-CURRENT LIABILITIES | $41M |
| TOTAL LIABILITIES | $55M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $179M |
| Retained Earnings | -$6M |
| Treasury Stock | -$860.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $172M |
| Minority Interest | -$12M |
| TOTAL EQUITY | $160M |
| TOTAL LIABILITIES & EQUITY | $215M |
| Total Debt | $40M |
| Net Debt | -$14M |
