| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $65M | $64M | $59M | 1.5% | 9.4% |
| Op. Income | $17M | $15M | $14M | 8.4% | 15.1% |
| Gross Margin | 55.2% | 55.0% | 56.8% | 0.2pp | -1.7pp |
| Net Margin | 19.1% | 18.4% | 17.8% | 0.7pp | 1.3pp |
| EPS (Diluted) | $0.49 | $0.47 | $0.41 | 4.3% | 19.5% |
| Free Cash Flow | $16M | $16M | -$13M | -0.1% | 227.4% |
| Item | Amount |
|---|---|
| REVENUE | $65M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $36M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $6M |
| Operating Expenses | $19M |
| Cost & Expenses | $48M |
| OPERATING INCOME | $17M |
| Interest Income | $60M |
| Interest Expense | $24M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $0 |
| EBIT | $17M |
| EBITDA | $17M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $65M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $36M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $6M |
| Operating Expenses | $19M |
| Cost & Expenses | $48M |
| OPERATING INCOME | $17M |
| Interest Income | $60M |
| Interest Expense | $24M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $0 |
| EBIT | $17M |
| EBITDA | $17M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$926.0K |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$547.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $61M |
| NET CASH FROM INVESTING | $61M |
| Net Debt Issuance | -$65M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1M |
| Other Financing Activities | -$21M |
| NET CASH FROM FINANCING | -$88M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $302M |
| Short-Term Investments | $97M |
| Net Receivables | $14M |
| Inventory | $0 |
| Other Current Assets | -$370M |
| TOTAL CURRENT ASSETS | $44M |
| PP&E (Net) | $18M |
| Goodwill | $44M |
| Intangible Assets | $7M |
| Long-Term Investments | $3.3B |
| Tax Assets | $23M |
| Other Non-Current Assets | $508M |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $4.0B |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.2B |
| TOTAL CURRENT LIABILITIES | $3.2B |
| Long-Term Debt | $271M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.2B |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $137M |
| Additional Paid-In Capital | $126M |
| Retained Earnings | $214M |
| Treasury Stock | -$31M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $444M |
| Minority Interest | $0 |
| TOTAL EQUITY | $444M |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $271M |
| Net Debt | -$31M |
