| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $33M | $31M | 3.7% | 12.7% |
| Op. Income | $11M | $8M | $5M | 34.5% | 117.1% |
| Gross Margin | 67.6% | 60.9% | 54.8% | 6.8pp | 12.8pp |
| Net Margin | 24.0% | 18.5% | 12.5% | 5.5pp | 11.5pp |
| EPS (Diluted) | $0.90 | $0.68 | $0.48 | 32.4% | 87.5% |
| Free Cash Flow | $12M | $5M | $4M | 135.3% | 193.4% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $6M |
| Operating Expenses | $13M |
| Cost & Expenses | $24M |
| OPERATING INCOME | $11M |
| Interest Income | $32M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $11M |
| 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 | $374.0K |
| EBIT | $11M |
| EBITDA | $11M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $6M |
| Operating Expenses | $13M |
| Cost & Expenses | $24M |
| OPERATING INCOME | $11M |
| Interest Income | $32M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $11M |
| 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 | $374.0K |
| EBIT | $11M |
| EBITDA | $11M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $374.0K |
| Stock-Based Compensation | $179.0K |
| Deferred Income Tax | $155.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | $3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $11M |
| Other Investing Activities | -$24M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | -$40M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $76M |
| NET CASH FROM FINANCING | $33M |
| FREE CASH FLOW | $12M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $75M |
| Short-Term Investments | $141M |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $225M |
| PP&E (Net) | $22M |
| Goodwill | $29M |
| Intangible Assets | $109.0K |
| Long-Term Investments | $1.8B |
| Tax Assets | $17M |
| Other Non-Current Assets | $324M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $10M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.1B |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $62M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $83M |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $949.0K |
| Additional Paid-In Capital | $127M |
| Retained Earnings | $137M |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $235M |
| Minority Interest | $0 |
| TOTAL EQUITY | $235M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $72M |
| Net Debt | -$3M |
