| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $43M | $42M | $40M | 2.4% | 7.9% |
| Op. Income | $10M | $8M | $8M | 14.5% | 27.6% |
| Gross Margin | 54.6% | 54.0% | 51.3% | 0.6pp | 3.3pp |
| Net Margin | 15.7% | 15.2% | 13.7% | 0.5pp | 2.0pp |
| EPS (Diluted) | $0.45 | $0.42 | $0.36 | 7.1% | 25.0% |
| Free Cash Flow | $23M | -$8M | $13M | 403.6% | 82.6% |
| Item | Amount |
|---|---|
| REVENUE | $43M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $126.0K |
| General & Administrative | $9M |
| SG&A Expenses | $10M |
| Other Expenses | $4M |
| Operating Expenses | $14M |
| Cost & Expenses | $33M |
| OPERATING INCOME | $10M |
| Interest Income | $39M |
| Interest Expense | $18M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $3M |
| 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 | $5M |
| EBIT | $10M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $43M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $126.0K |
| General & Administrative | $9M |
| SG&A Expenses | $10M |
| Other Expenses | $4M |
| Operating Expenses | $14M |
| Cost & Expenses | $33M |
| OPERATING INCOME | $10M |
| Interest Income | $39M |
| Interest Expense | $18M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $3M |
| 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 | $5M |
| EBIT | $10M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $174.0K |
| Deferred Income Tax | -$532.0K |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $770.0K |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$554.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$32M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | -$79M |
| NET CASH FROM INVESTING | -$104M |
| Net Debt Issuance | $25M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $19M |
| NET CASH FROM FINANCING | $42M |
| FREE CASH FLOW | $23M |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $167M |
| Short-Term Investments | $18.0K |
| Net Receivables | $10M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $177M |
| PP&E (Net) | $16M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2.3B |
| Tax Assets | $12M |
| Other Non-Current Assets | $74M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.3B |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $75M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $103M |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $73M |
| Additional Paid-In Capital | $12M |
| Retained Earnings | $148M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $221M |
| Minority Interest | $0 |
| TOTAL EQUITY | $221M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $87M |
| Net Debt | -$80M |
