| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33M | $35M | $34M | -5.4% | -3.0% |
| Op. Income | $5M | $6M | $97.0K | -4.3% | 5480.4% |
| Gross Margin | 53.6% | 57.7% | 38.6% | -4.1pp | 15.0pp |
| Net Margin | 13.5% | 13.0% | 0.8% | 0.5pp | 12.7pp |
| EPS (Diluted) | $0.52 | $0.53 | $-0.04 | -1.9% | 1544.4% |
| Free Cash Flow | $5M | -$3M | $3M | 307.4% | 107.0% |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $18M |
| R&D Expenses | $0 |
| Selling & Marketing | $571.0K |
| General & Administrative | $8M |
| SG&A Expenses | $9M |
| Other Expenses | $4M |
| Operating Expenses | $13M |
| Cost & Expenses | $28M |
| OPERATING INCOME | $5M |
| Interest Income | $32M |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $896.0K |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $1M |
| EBIT | $5M |
| EBITDA | $7M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $18M |
| R&D Expenses | $0 |
| Selling & Marketing | $571.0K |
| General & Administrative | $8M |
| SG&A Expenses | $9M |
| Other Expenses | $4M |
| Operating Expenses | $13M |
| Cost & Expenses | $28M |
| OPERATING INCOME | $5M |
| Interest Income | $32M |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $896.0K |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $1M |
| EBIT | $5M |
| EBITDA | $7M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $642.0K |
| Deferred Income Tax | $410.0K |
| Other Non-Cash Items | -$252.0K |
| Change in Working Capital | -$925.0K |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$138.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$21M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$770.0K |
| Other Financing Activities | $12M |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $1M |
| Net Receivables | $14M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $40M |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $209M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.8B |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $70M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $96M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $30M |
| Additional Paid-In Capital | $69M |
| Retained Earnings | $99M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $218M |
| Minority Interest | $0 |
| TOTAL EQUITY | $218M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $70M |
| Net Debt | $45M |
