| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $70M | $73M | $71M | -4.8% | -1.6% |
| Op. Income | $10M | $15M | $11M | -36.3% | -11.1% |
| Gross Margin | 98.6% | 98.3% | 98.5% | 0.2pp | 0.1pp |
| Net Margin | 10.8% | 16.7% | 11.8% | -5.9pp | -1.0pp |
| EPS (Diluted) | $3.97 | $6.43 | $4.42 | -38.3% | -10.2% |
| Free Cash Flow | $4M | $16M | $11M | -76.8% | -66.0% |
| Item | Amount |
|---|---|
| REVENUE | $70M |
| Cost of Revenue | $995.0K |
| GROSS PROFIT | $69M |
| R&D Expenses | $0 |
| Selling & Marketing | $19M |
| General & Administrative | $4M |
| SG&A Expenses | $23M |
| Other Expenses | $36M |
| Operating Expenses | $59M |
| Cost & Expenses | $60M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $3M |
| EBIT | $10M |
| EBITDA | $13M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $70M |
| Cost of Revenue | $995.0K |
| GROSS PROFIT | $69M |
| R&D Expenses | $0 |
| Selling & Marketing | $19M |
| General & Administrative | $4M |
| SG&A Expenses | $23M |
| Other Expenses | $36M |
| Operating Expenses | $59M |
| Cost & Expenses | $60M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $3M |
| EBIT | $10M |
| EBITDA | $13M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $500.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | $10M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$17M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $118M |
| Net Receivables | $17M |
| Inventory | $0 |
| Other Current Assets | -$17M |
| TOTAL CURRENT ASSETS | $139M |
| PP&E (Net) | $8M |
| Goodwill | $9M |
| Intangible Assets | $21M |
| Long-Term Investments | $155M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$155M |
| TOTAL NON-CURRENT ASSETS | $29M |
| TOTAL ASSETS | $363M |
| Account Payables | $42M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$42M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $8M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $72M |
| TOTAL NON-CURRENT LIABILITIES | $95M |
| TOTAL LIABILITIES | $95M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $267M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $268M |
| Minority Interest | $0 |
| TOTAL EQUITY | $268M |
| TOTAL LIABILITIES & EQUITY | $363M |
| Total Debt | $16M |
| Net Debt | -$5M |
