| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32M | $30M | $29M | 3.8% | 9.7% |
| Op. Income | $7M | $7M | $6M | 2.6% | 16.4% |
| Gross Margin | 53.8% | 53.3% | 50.0% | 0.5pp | 3.8pp |
| Net Margin | 17.9% | 18.4% | 17.1% | -0.5pp | 0.9pp |
| EPS (Diluted) | $0.31 | $0.31 | $0.27 | 0.0% | 14.8% |
| Free Cash Flow | $8M | $8M | $5M | 0.1% | 56.7% |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $4M |
| Operating Expenses | $10M |
| Cost & Expenses | $24M |
| OPERATING INCOME | $7M |
| Interest Income | $31M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $0 |
| EBIT | $7M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $4M |
| Operating Expenses | $10M |
| Cost & Expenses | $24M |
| OPERATING INCOME | $7M |
| Interest Income | $31M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $0 |
| EBIT | $7M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | -$639.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$17.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $17M |
| NET CASH FROM INVESTING | $17M |
| Net Debt Issuance | -$50M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$1M |
| Other Financing Activities | $19M |
| NET CASH FROM FINANCING | -$34M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $153M |
| Net Receivables | $10M |
| Inventory | $0 |
| Other Current Assets | -$14M |
| TOTAL CURRENT ASSETS | $159M |
| PP&E (Net) | $693.0K |
| Goodwill | $7M |
| Intangible Assets | $138.0K |
| Long-Term Investments | $2.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$2.2B |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $2M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $19M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.0B |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $179.0K |
| Additional Paid-In Capital | $122M |
| Retained Earnings | $151M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$20M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $254M |
| Minority Interest | $0 |
| TOTAL EQUITY | $254M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $25M |
| Net Debt | $20M |
