| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $7M | $7M | 3.7% | 7.5% |
| Op. Income | -$206.0K | -$533.0K | -$596.0K | 61.4% | 65.4% |
| Gross Margin | 53.3% | 53.1% | 47.9% | 0.2pp | 5.4pp |
| Net Margin | 5.3% | -7.6% | 0.6% | 12.9pp | 4.6pp |
| EPS (Diluted) | $0.08 | $-0.13 | $0.01 | 161.5% | 692.1% |
| Free Cash Flow | $640.0K | -$154.0K | $264.0K | 515.6% | 142.4% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $4M |
| R&D Expenses | $0 |
| Selling & Marketing | $101.0K |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $1M |
| Operating Expenses | $4M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$206.0K |
| Interest Income | $7M |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$206.0K |
| Income Tax Expense | -$596.0K |
| Net Income from Continuing Ops | $390.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $390.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $390.0K |
| D&A | $79.0K |
| EBIT | -$206.0K |
| EBITDA | -$127.0K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $390.0K |
| Depreciation & Amortization | $79.0K |
| Stock-Based Compensation | $281.0K |
| Deferred Income Tax | -$661.0K |
| Other Non-Cash Items | $117.0K |
| Change in Working Capital | $455.0K |
| OPERATING CASH FLOW | $661.0K |
| Capital Expenditure | -$21.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$431.0K |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | $10M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | -$99.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $640.0K |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $143M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $164M |
| PP&E (Net) | $594.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $430M |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $445M |
| TOTAL ASSETS | $610M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $480M |
| TOTAL CURRENT LIABILITIES | $480M |
| Long-Term Debt | $52M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $66M |
| TOTAL LIABILITIES | $546M |
| Common Stock | $53.0K |
| Additional Paid-In Capital | $54M |
| Retained Earnings | $24M |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | -$5M |
| Other Equity | -$4M |
| TOTAL STOCKHOLDERS' EQUITY | $63M |
| Minority Interest | $0 |
| TOTAL EQUITY | $63M |
| TOTAL LIABILITIES & EQUITY | $610M |
| Total Debt | $52M |
| Net Debt | $32M |
