| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $34M | $31M | 2.6% | 11.1% |
| Op. Income | $11M | $9M | $7M | 22.5% | 60.4% |
| Gross Margin | 61.9% | 56.4% | 53.9% | 5.4pp | 8.0pp |
| Net Margin | 27.0% | 23.9% | 21.7% | 3.1pp | 5.4pp |
| EPS (Diluted) | $0.55 | $0.47 | $0.40 | 17.0% | 37.5% |
| Free Cash Flow | $13M | $7M | $11M | 78.0% | 18.8% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | $146.0K |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $3M |
| Operating Expenses | $10M |
| Cost & Expenses | $24M |
| OPERATING INCOME | $11M |
| Interest Income | $31M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $2M |
| 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 | $275.0K |
| EBIT | $11M |
| EBITDA | $11M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | $146.0K |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $3M |
| Operating Expenses | $10M |
| Cost & Expenses | $24M |
| OPERATING INCOME | $11M |
| Interest Income | $31M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $2M |
| 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 | $275.0K |
| EBIT | $11M |
| EBITDA | $11M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $275.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$305.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$113M |
| Sales/Maturities of Investments | $119M |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $34M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$703.0K |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | $18M |
| FREE CASH FLOW | $13M |
| Net Change in Cash | $28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $185M |
| Short-Term Investments | $320M |
| Net Receivables | $16M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $521M |
| PP&E (Net) | $15M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $85M |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $0 |
| Short-Term Debt | $74M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.6B |
| TOTAL CURRENT LIABILITIES | $2.7B |
| Long-Term Debt | $54M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $34M |
| TOTAL NON-CURRENT LIABILITIES | $88M |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $10M |
| Retained Earnings | $241M |
| Treasury Stock | -$908.0K |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $239M |
| Minority Interest | $0 |
| TOTAL EQUITY | $239M |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $128M |
| Net Debt | -$56M |
