| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $12M | $12M | -3.6% | -1.0% |
| Op. Income | $1M | $2M | $951.0K | -17.3% | 46.3% |
| Gross Margin | 56.4% | 54.8% | 48.5% | 1.5pp | 7.9pp |
| Net Margin | 8.6% | 9.9% | 5.9% | -1.4pp | 2.6pp |
| EPS (Diluted) | $0.31 | $0.38 | $0.22 | -18.4% | 40.9% |
| Free Cash Flow | $2M | -$226.0K | -$67.0K | 899.6% | 2797.0% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $7M |
| R&D Expenses | $0 |
| Selling & Marketing | $99.0K |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $2M |
| Operating Expenses | $5M |
| Cost & Expenses | $10M |
| OPERATING INCOME | $1M |
| Interest Income | $11M |
| Interest Expense | $5M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $380.0K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $155.0K |
| EBIT | $1M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $7M |
| R&D Expenses | $0 |
| Selling & Marketing | $99.0K |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $2M |
| Operating Expenses | $5M |
| Cost & Expenses | $10M |
| OPERATING INCOME | $1M |
| Interest Income | $11M |
| Interest Expense | $5M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $380.0K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $155.0K |
| EBIT | $1M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $155.0K |
| Stock-Based Compensation | $161.0K |
| Deferred Income Tax | $18.0K |
| Other Non-Cash Items | -$406.0K |
| Change in Working Capital | $892.0K |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$24.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | $11M |
| Net Debt Issuance | -$13M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $168M |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $181M |
| PP&E (Net) | $10M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $655M |
| Tax Assets | $9M |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $698M |
| TOTAL ASSETS | $879M |
| Account Payables | $2M |
| Short-Term Debt | $19M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $684M |
| TOTAL CURRENT LIABILITIES | $705M |
| Long-Term Debt | $86M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $96M |
| TOTAL LIABILITIES | $800M |
| Common Stock | $33.0K |
| Additional Paid-In Capital | $52M |
| Retained Earnings | $45M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$18M |
| Other Equity | -$1M |
| TOTAL STOCKHOLDERS' EQUITY | $79M |
| Minority Interest | $0 |
| TOTAL EQUITY | $79M |
| TOTAL LIABILITIES & EQUITY | $879M |
| Total Debt | $105M |
| Net Debt | $96M |
