| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $7M | $7M | -25.1% | -25.1% |
| Op. Income | $3M | $4M | $4M | -32.6% | -33.8% |
| Gross Margin | 84.2% | 86.0% | 79.9% | -1.7pp | 4.3pp |
| Net Margin | 60.2% | 59.6% | 61.9% | 0.6pp | -1.7pp |
| EPS (Diluted) | $0.63 | $0.83 | $0.87 | -24.1% | -27.6% |
| Free Cash Flow | $4M | $2M | $5M | 97.7% | -19.6% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $797.6K |
| GROSS PROFIT | $4M |
| R&D Expenses | $869.7K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $434.8K |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $2M |
| OPERATING INCOME | $3M |
| Interest Income | $474.2K |
| Interest Expense | $0 |
| Other Income/Expenses | $609.2K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $521.8K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $84.2K |
| EBIT | $3M |
| EBITDA | $3M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $797.6K |
| GROSS PROFIT | $4M |
| R&D Expenses | $869.7K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $434.8K |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $2M |
| OPERATING INCOME | $3M |
| Interest Income | $474.2K |
| Interest Expense | $0 |
| Other Income/Expenses | $609.2K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $521.8K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $84.2K |
| EBIT | $3M |
| EBITDA | $3M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $84.2K |
| Stock-Based Compensation | $14.3K |
| Deferred Income Tax | -$107.9K |
| Other Non-Cash Items | -$136.6K |
| Change in Working Capital | $940.0K |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$37.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $15M |
| Net Receivables | $1M |
| Inventory | $8M |
| Other Current Assets | $736.5K |
| TOTAL CURRENT ASSETS | $30M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $30M |
| Tax Assets | $2M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $34M |
| TOTAL ASSETS | $65M |
| Account Payables | $154.7K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1 |
| TOTAL CURRENT LIABILITIES | $751.1K |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $865.0K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $48.4K |
| Additional Paid-In Capital | $20M |
| Retained Earnings | $43M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$295.4K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $63M |
| Minority Interest | $0 |
| TOTAL EQUITY | $63M |
| TOTAL LIABILITIES & EQUITY | $65M |
| Total Debt | $949.8K |
| Net Debt | -$5M |
