| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $57M | $56M | $59M | 2.4% | -3.4% |
| Op. Income | $14M | $12M | $10M | 20.3% | 41.5% |
| Gross Margin | 70.0% | 64.9% | 70.6% | 5.1pp | -0.6pp |
| Net Margin | 14.7% | 16.4% | 12.5% | -1.7pp | 2.3pp |
| EPS (Diluted) | $1.10 | $1.18 | $0.92 | -6.8% | 19.6% |
| Free Cash Flow | -$3M | $42M | $41M | -108.1% | -108.2% |
| Item | Amount |
|---|---|
| REVENUE | $57M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $40M |
| R&D Expenses | $0 |
| Selling & Marketing | $372.0K |
| General & Administrative | $26M |
| SG&A Expenses | $26M |
| Other Expenses | -$372.0K |
| Operating Expenses | $26M |
| Cost & Expenses | $43M |
| OPERATING INCOME | $14M |
| Interest Income | $51M |
| Interest Expense | $17M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $766.0K |
| EBIT | $14M |
| EBITDA | $15M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $57M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $40M |
| R&D Expenses | $0 |
| Selling & Marketing | $372.0K |
| General & Administrative | $26M |
| SG&A Expenses | $26M |
| Other Expenses | -$372.0K |
| Operating Expenses | $26M |
| Cost & Expenses | $43M |
| OPERATING INCOME | $14M |
| Interest Income | $51M |
| Interest Expense | $17M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $766.0K |
| EBIT | $14M |
| EBITDA | $15M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $633.0K |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$185.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$85M |
| Sales/Maturities of Investments | $32M |
| Other Investing Activities | $25M |
| NET CASH FROM INVESTING | -$29M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$2M |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $289M |
| Net Receivables | $15M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $317M |
| PP&E (Net) | $44M |
| Goodwill | $4M |
| Intangible Assets | $11M |
| Long-Term Investments | $2.6B |
| Tax Assets | $7M |
| Other Non-Current Assets | $192M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $3.2B |
| Account Payables | $0 |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.7B |
| TOTAL CURRENT LIABILITIES | $2.8B |
| Long-Term Debt | $129M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $135M |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $75.0K |
| Additional Paid-In Capital | $43M |
| Retained Earnings | $280M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $308M |
| Minority Interest | $0 |
| TOTAL EQUITY | $308M |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $141M |
| Net Debt | $128M |
