| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $53M | $52M | $51M | 1.2% | 3.7% |
| Op. Income | $16M | $14M | $12M | 9.7% | 33.1% |
| Gross Margin | 71.9% | 71.7% | 66.4% | 0.2pp | 5.4pp |
| Net Margin | 23.3% | 21.6% | 18.5% | 1.7pp | 4.9pp |
| EPS (Diluted) | $1.59 | $1.45 | $1.18 | 9.7% | 34.7% |
| Free Cash Flow | $21M | $8M | $17M | 161.4% | 21.8% |
| Item | Amount |
|---|---|
| REVENUE | $53M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $38M |
| R&D Expenses | $0 |
| Selling & Marketing | $515.0K |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $8M |
| Operating Expenses | $23M |
| Cost & Expenses | $37M |
| OPERATING INCOME | $16M |
| Interest Income | $49M |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $826.0K |
| EBIT | $16M |
| EBITDA | $16M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $53M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $38M |
| R&D Expenses | $0 |
| Selling & Marketing | $515.0K |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $8M |
| Operating Expenses | $23M |
| Cost & Expenses | $37M |
| OPERATING INCOME | $16M |
| Interest Income | $49M |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $826.0K |
| EBIT | $16M |
| EBITDA | $16M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $826.0K |
| Stock-Based Compensation | $898.0K |
| Deferred Income Tax | $59.0K |
| Other Non-Cash Items | -$240.0K |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | -$833.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | $62M |
| NET CASH FROM INVESTING | $75M |
| Net Debt Issuance | -$85M |
| Common Stock Repurchased | $5.0K |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $68M |
| NET CASH FROM FINANCING | -$20M |
| FREE CASH FLOW | $21M |
| Net Change in Cash | $77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $189M |
| Short-Term Investments | $31M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $220M |
| PP&E (Net) | $45M |
| Goodwill | $0 |
| Intangible Assets | $84M |
| Long-Term Investments | $3.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $116M |
| TOTAL NON-CURRENT ASSETS | $3.3B |
| TOTAL ASSETS | $3.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.0B |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $63M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $32M |
| TOTAL NON-CURRENT LIABILITIES | $96M |
| TOTAL LIABILITIES | $3.1B |
| Common Stock | $78.0K |
| Additional Paid-In Capital | $168M |
| Retained Earnings | $276M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$20M |
| Other Equity | -$1M |
| TOTAL STOCKHOLDERS' EQUITY | $423M |
| Minority Interest | $0 |
| TOTAL EQUITY | $423M |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $63M |
| Net Debt | -$126M |
