| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36M | $35M | $32M | 3.2% | 13.0% |
| Op. Income | $10M | $11M | $7M | -7.0% | 52.3% |
| Gross Margin | 56.9% | 61.9% | 51.5% | -5.0pp | 5.3pp |
| Net Margin | 24.9% | 27.0% | 19.9% | -2.1pp | 5.0pp |
| EPS (Diluted) | $0.52 | $0.55 | $0.37 | -5.5% | 40.5% |
| Free Cash Flow | $7M | $13M | $2M | -49.3% | 227.9% |
| Item | Amount |
|---|---|
| REVENUE | $36M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $20M |
| R&D Expenses | $0 |
| Selling & Marketing | $100.0K |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $3M |
| Operating Expenses | $10M |
| Cost & Expenses | $25M |
| OPERATING INCOME | $10M |
| Interest Income | $32M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $279.0K |
| EBIT | $10M |
| EBITDA | $10M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $36M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $20M |
| R&D Expenses | $0 |
| Selling & Marketing | $100.0K |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $3M |
| Operating Expenses | $10M |
| Cost & Expenses | $25M |
| OPERATING INCOME | $10M |
| Interest Income | $32M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $279.0K |
| EBIT | $10M |
| EBITDA | $10M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $279.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$252.0K |
| Other Non-Cash Items | $635.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$402.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$93M |
| Sales/Maturities of Investments | $90M |
| Other Investing Activities | -$40M |
| NET CASH FROM INVESTING | -$44M |
| Net Debt Issuance | -$74M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$781.0K |
| Other Financing Activities | $83M |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $156M |
| Short-Term Investments | $315M |
| Net Receivables | $17M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $489M |
| PP&E (Net) | $15M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $83M |
| TOTAL NON-CURRENT ASSETS | $2.6B |
| TOTAL ASSETS | $3.1B |
| Account Payables | $0 |
| Short-Term Debt | $429.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.7B |
| TOTAL CURRENT LIABILITIES | $2.7B |
| Long-Term Debt | $54M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.8B |
| TOTAL NON-CURRENT LIABILITIES | $87M |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $10M |
| Retained Earnings | $249M |
| Treasury Stock | -$908.0K |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $248M |
| Minority Interest | $0 |
| TOTAL EQUITY | $248M |
| TOTAL LIABILITIES & EQUITY | $3.1B |
| Total Debt | $54M |
| Net Debt | -$102M |
