| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31M | $30M | $28M | 3.7% | 9.7% |
| Op. Income | $9M | $8M | $8M | 16.1% | 20.0% |
| Gross Margin | 71.6% | 69.9% | 70.7% | 1.7pp | 0.8pp |
| Net Margin | 22.4% | 20.0% | 20.4% | 2.4pp | 2.0pp |
| EPS (Diluted) | $1.07 | $0.92 | $0.89 | 16.3% | 20.2% |
| Free Cash Flow | $168.0K | $706.0K | $588.0K | -76.2% | -71.4% |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $22M |
| R&D Expenses | $0 |
| Selling & Marketing | $182.0K |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $5M |
| Operating Expenses | $13M |
| Cost & Expenses | $22M |
| OPERATING INCOME | $9M |
| Interest Income | $26M |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $781.0K |
| EBIT | $9M |
| EBITDA | $10M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $22M |
| R&D Expenses | $0 |
| Selling & Marketing | $182.0K |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $5M |
| Operating Expenses | $13M |
| Cost & Expenses | $22M |
| OPERATING INCOME | $9M |
| Interest Income | $26M |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $781.0K |
| EBIT | $9M |
| EBITDA | $10M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $781.0K |
| Stock-Based Compensation | $93.0K |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$11M |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | $7M |
| Net Debt Issuance | -$56M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1M |
| Other Financing Activities | $65M |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | $168.0K |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $95M |
| Short-Term Investments | $17M |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $120M |
| PP&E (Net) | $31M |
| Goodwill | $0 |
| Intangible Assets | $12M |
| Long-Term Investments | $1.5B |
| Tax Assets | $8M |
| Other Non-Current Assets | $372M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $661.0K |
| Short-Term Debt | $20M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.7B |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $96M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $28M |
| TOTAL NON-CURRENT LIABILITIES | $125M |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $65.0K |
| Additional Paid-In Capital | $21M |
| Retained Earnings | $203M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $199M |
| Minority Interest | $0 |
| TOTAL EQUITY | $199M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $117M |
| Net Debt | $22M |
