| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $53M | $52M | $51M | 1.1% | 3.7% |
| Op. Income | $9M | $7M | $6M | 19.0% | 38.9% |
| Gross Margin | 57.0% | 54.6% | 52.4% | 2.4pp | 4.6pp |
| Net Margin | 12.5% | 10.7% | 9.3% | 1.9pp | 3.3pp |
| EPS (Diluted) | $0.58 | $0.49 | $0.42 | 18.4% | 38.1% |
| Free Cash Flow | $24M | -$13M | $33M | 289.0% | -27.3% |
| Item | Amount |
|---|---|
| REVENUE | $53M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $30M |
| R&D Expenses | $0 |
| Selling & Marketing | $877.0K |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $7M |
| Operating Expenses | $22M |
| Cost & Expenses | $44M |
| OPERATING INCOME | $9M |
| Interest Income | $43M |
| Interest Expense | $20M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $9M |
| 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 | -$251.0K |
| EBIT | $9M |
| EBITDA | $8M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $53M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $30M |
| R&D Expenses | $0 |
| Selling & Marketing | $877.0K |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $7M |
| Operating Expenses | $22M |
| Cost & Expenses | $44M |
| OPERATING INCOME | $9M |
| Interest Income | $43M |
| Interest Expense | $20M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $9M |
| 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 | -$251.0K |
| EBIT | $9M |
| EBITDA | $8M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | -$251.0K |
| Stock-Based Compensation | $102.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $17M |
| Change in Working Capital | $480.0K |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$448.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | -$50M |
| NET CASH FROM INVESTING | -$55M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1M |
| Other Financing Activities | $21M |
| NET CASH FROM FINANCING | $21M |
| FREE CASH FLOW | $24M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $94M |
| Net Receivables | $11M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $145M |
| PP&E (Net) | $12M |
| Goodwill | $899.0K |
| Intangible Assets | $3M |
| Long-Term Investments | $2.3B |
| Tax Assets | $5M |
| Other Non-Current Assets | $120M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $7M |
| Short-Term Debt | $127M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.1B |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $60M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $28M |
| TOTAL NON-CURRENT LIABILITIES | $88M |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $13M |
| Additional Paid-In Capital | $85M |
| Retained Earnings | $122M |
| Treasury Stock | -$26M |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $188M |
| Minority Interest | $0 |
| TOTAL EQUITY | $188M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $187M |
| Net Debt | $147M |
