| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $6M | $5M | -1.9% | 22.9% |
| Op. Income | $4M | $4M | $3M | 2.4% | 26.5% |
| Gross Margin | 78.6% | 78.3% | 84.2% | 0.3pp | -5.7pp |
| Net Margin | 54.4% | 52.2% | 60.2% | 2.2pp | -5.8pp |
| EPS (Diluted) | $0.70 | $0.68 | $0.63 | 2.9% | 11.1% |
| Free Cash Flow | $3M | $3M | $4M | 15.3% | -17.5% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $5M |
| R&D Expenses | $795.6K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $352.1K |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $2M |
| OPERATING INCOME | $4M |
| Interest Income | $462.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $462.0K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $821.7K |
| 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 | $94.4K |
| EBIT | $4M |
| EBITDA | $4M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $5M |
| R&D Expenses | $795.6K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $352.1K |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $2M |
| OPERATING INCOME | $4M |
| Interest Income | $462.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $462.0K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $821.7K |
| 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 | $94.4K |
| EBIT | $4M |
| EBITDA | $4M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $94.4K |
| Stock-Based Compensation | $10.3K |
| Deferred Income Tax | $349.7K |
| Other Non-Cash Items | -$77.9K |
| Change in Working Capital | $427.9K |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $17M |
| Net Receivables | $3M |
| Inventory | $7M |
| Other Current Assets | $373.8K |
| TOTAL CURRENT ASSETS | $31M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $23M |
| Tax Assets | $722.6K |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $29M |
| TOTAL ASSETS | $60M |
| Account Payables | $226.9K |
| Short-Term Debt | $160.4K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $892.0K |
| Long-Term Debt | $774.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$774.0K |
| TOTAL NON-CURRENT LIABILITIES | $774.0K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $48.4K |
| Additional Paid-In Capital | $20M |
| Retained Earnings | $38M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $116.6K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $58M |
| Minority Interest | $0 |
| TOTAL EQUITY | $58M |
| TOTAL LIABILITIES & EQUITY | $60M |
| Total Debt | $2M |
| Net Debt | -$2M |
