| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $98M | $96M | $84M | 1.8% | 16.6% |
| Op. Income | $41M | $39M | $22M | 5.3% | 84.4% |
| Gross Margin | 94.2% | 92.5% | 92.0% | 1.7pp | 2.2pp |
| Net Margin | 81.2% | 39.9% | 32.4% | 41.2pp | 48.7pp |
| EPS (Diluted) | $2.66 | $1.29 | $0.91 | 106.2% | 192.3% |
| Free Cash Flow | $38M | $51M | $58M | -25.3% | -34.3% |
| Item | Amount |
|---|---|
| REVENUE | $98M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $92M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $38M |
| Other Expenses | $0 |
| Operating Expenses | $51M |
| Cost & Expenses | $56M |
| OPERATING INCOME | $41M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | -$31M |
| Net Income from Continuing Ops | $79M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $79M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $79M |
| D&A | $2M |
| EBIT | $48M |
| EBITDA | $50M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $98M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $92M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $38M |
| Other Expenses | $0 |
| Operating Expenses | $51M |
| Cost & Expenses | $56M |
| OPERATING INCOME | $41M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | -$31M |
| Net Income from Continuing Ops | $79M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $79M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $79M |
| D&A | $2M |
| EBIT | $48M |
| EBITDA | $50M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $79M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$25M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$28M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$98M |
| Sales/Maturities of Investments | $96M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5.0K |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $38M |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $393M |
| Short-Term Investments | $338M |
| Net Receivables | $130M |
| Inventory | $38M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $926M |
| PP&E (Net) | $156M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $133M |
| Tax Assets | $25M |
| Other Non-Current Assets | $333.0K |
| TOTAL NON-CURRENT ASSETS | $314M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $91M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $102M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$27M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $10M |
| Net Debt | -$383M |
