| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32M | $31M | $33M | 2.6% | -2.4% |
| Op. Income | $8M | $7M | $5M | 17.6% | 59.0% |
| Gross Margin | 73.8% | 73.0% | 63.2% | 0.8pp | 10.6pp |
| Net Margin | 21.7% | 19.0% | 13.8% | 2.7pp | 7.9pp |
| EPS (Diluted) | $0.49 | $0.42 | $0.32 | 16.7% | 53.1% |
| Free Cash Flow | $14M | $5M | $10M | 161.2% | 39.6% |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $24M |
| R&D Expenses | $0 |
| Selling & Marketing | $336.0K |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $6M |
| Operating Expenses | $15M |
| Cost & Expenses | $24M |
| OPERATING INCOME | $8M |
| Interest Income | $26M |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $2M |
| EBIT | $8M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $24M |
| R&D Expenses | $0 |
| Selling & Marketing | $336.0K |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $6M |
| Operating Expenses | $15M |
| Cost & Expenses | $24M |
| OPERATING INCOME | $8M |
| Interest Income | $26M |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $2M |
| EBIT | $8M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $130.0K |
| Deferred Income Tax | $925.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $14M |
| Capital Expenditure | -$309.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $14M |
| Other Investing Activities | $33M |
| NET CASH FROM INVESTING | $46M |
| Net Debt Issuance | -$283.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$3M |
| Other Financing Activities | -$70M |
| NET CASH FROM FINANCING | -$74M |
| FREE CASH FLOW | $14M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $36M |
| Short-Term Investments | $95M |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $140M |
| PP&E (Net) | $46M |
| Goodwill | $90M |
| Intangible Assets | $10M |
| Long-Term Investments | $1.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $117M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.8B |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $105M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $125M |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $188M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $149M |
| Treasury Stock | -$56M |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $270M |
| Minority Interest | $0 |
| TOTAL EQUITY | $270M |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $111M |
| Net Debt | $75M |
