| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $39M | $40M | $41M | -2.8% | -4.2% |
| Op. Income | $7M | $7M | $7M | -3.7% | -1.0% |
| Gross Margin | 60.2% | 59.9% | 57.4% | 0.4pp | 2.8pp |
| Net Margin | 15.2% | 15.4% | 15.0% | -0.2pp | 0.2pp |
| EPS (Diluted) | $0.51 | $0.49 | $0.61 | 4.1% | -16.4% |
| Free Cash Flow | $3M | $6M | -$409.0K | -50.9% | 874.1% |
| Item | Amount |
|---|---|
| REVENUE | $39M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $105.0K |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $5M |
| Operating Expenses | $16M |
| Cost & Expenses | $32M |
| OPERATING INCOME | $7M |
| Interest Income | $37M |
| Interest Expense | $15M |
| Other Income/Expenses | $75.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $1M |
| 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 | $5M |
| D&A | $678.0K |
| EBIT | $7M |
| EBITDA | $8M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $39M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $105.0K |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $5M |
| Operating Expenses | $16M |
| Cost & Expenses | $32M |
| OPERATING INCOME | $7M |
| Interest Income | $37M |
| Interest Expense | $15M |
| Other Income/Expenses | $75.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $1M |
| 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 | $5M |
| D&A | $678.0K |
| EBIT | $7M |
| EBITDA | $8M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $678.0K |
| Stock-Based Compensation | $504.0K |
| Deferred Income Tax | -$133.0K |
| Other Non-Cash Items | -$962.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$455.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $17M |
| Other Investing Activities | -$24M |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | $56M |
| Common Stock Repurchased | -$689.0K |
| Common Dividends Paid | -$2M |
| Other Financing Activities | -$26M |
| NET CASH FROM FINANCING | $27M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $371M |
| Net Receivables | $14M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $412M |
| PP&E (Net) | $40M |
| Goodwill | $40M |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $14M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $95M |
| TOTAL ASSETS | $2.8B |
| Account Payables | $0 |
| Short-Term Debt | $11M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $142M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $10M |
| Additional Paid-In Capital | $146M |
| Retained Earnings | $151M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$36M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $301M |
| Minority Interest | $0 |
| TOTAL EQUITY | $301M |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $153M |
| Net Debt | $126M |
