| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $43M | $43M | $39M | 0.1% | 8.2% |
| Op. Income | $10M | $10M | $7M | -1.5% | 42.9% |
| Gross Margin | 55.8% | 54.6% | 50.2% | 1.1pp | 5.6pp |
| Net Margin | 16.5% | 15.7% | 12.6% | 0.8pp | 3.9pp |
| EPS (Diluted) | $0.47 | $0.45 | $0.33 | 4.4% | 42.4% |
| Free Cash Flow | -$13.0K | $23M | $4M | -100.1% | -100.3% |
| Item | Amount |
|---|---|
| REVENUE | $43M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $24M |
| R&D Expenses | $0 |
| Selling & Marketing | -$9.0K |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $3M |
| 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 | $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 | $2M |
| EBIT | $10M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $43M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $24M |
| R&D Expenses | $0 |
| Selling & Marketing | -$9.0K |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $3M |
| 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 | $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 | $2M |
| EBIT | $10M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $188.0K |
| Stock-Based Compensation | $212.0K |
| Deferred Income Tax | -$674.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $14M |
| Other Investing Activities | -$41M |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | $25M |
| Common Stock Repurchased | $7.0K |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | $30M |
| FREE CASH FLOW | -$13.0K |
| Net Change in Cash | $563.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $434M |
| Short-Term Investments | $30.0K |
| Net Receivables | $10M |
| Inventory | $0 |
| Other Current Assets | -$423M |
| TOTAL CURRENT ASSETS | $21M |
| PP&E (Net) | $15M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2.5B |
| Tax Assets | $12M |
| Other Non-Current Assets | $58M |
| TOTAL NON-CURRENT ASSETS | $2.6B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$3M |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $111M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.3B |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $73M |
| Additional Paid-In Capital | $12M |
| Retained Earnings | $153M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $228M |
| Minority Interest | $0 |
| TOTAL EQUITY | $228M |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $122M |
| Net Debt | -$312M |
