| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $45M | $42M | $43M | 6.1% | 4.6% |
| Op. Income | $10M | $9M | $9M | 5.7% | 9.8% |
| Gross Margin | 62.9% | 65.2% | 64.3% | -2.3pp | -1.4pp |
| Net Margin | 17.5% | 17.5% | 16.5% | 0.0pp | 0.9pp |
| EPS (Diluted) | $0.21 | $0.20 | $0.19 | 5.0% | 10.5% |
| Free Cash Flow | $23M | $6M | $13M | 279.7% | 77.4% |
| Item | Amount |
|---|---|
| REVENUE | $45M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $28M |
| R&D Expenses | $0 |
| Selling & Marketing | $128.0K |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $7M |
| Operating Expenses | $18M |
| Cost & Expenses | $35M |
| OPERATING INCOME | $10M |
| Interest Income | $42M |
| Interest Expense | $16M |
| 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 | $1M |
| EBIT | $10M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $45M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $28M |
| R&D Expenses | $0 |
| Selling & Marketing | $128.0K |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $7M |
| Operating Expenses | $18M |
| Cost & Expenses | $35M |
| OPERATING INCOME | $10M |
| Interest Income | $42M |
| Interest Expense | $16M |
| 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 | $1M |
| EBIT | $10M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $559.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$369.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$102M |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | -$98M |
| NET CASH FROM INVESTING | -$193M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $212M |
| NET CASH FROM FINANCING | $209M |
| FREE CASH FLOW | $23M |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $194M |
| Short-Term Investments | $210M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $404M |
| PP&E (Net) | $31M |
| Goodwill | $59M |
| Intangible Assets | $16M |
| Long-Term Investments | $2.5B |
| Tax Assets | $15M |
| Other Non-Current Assets | $80M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $3.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.7B |
| TOTAL CURRENT LIABILITIES | $2.7B |
| Long-Term Debt | $102M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $31M |
| TOTAL NON-CURRENT LIABILITIES | $149M |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $370.0K |
| Additional Paid-In Capital | $266M |
| Retained Earnings | $42M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $305M |
| Minority Interest | $0 |
| TOTAL EQUITY | $305M |
| TOTAL LIABILITIES & EQUITY | $3.1B |
| Total Debt | $118M |
| Net Debt | -$76M |
