| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $21M | $24M | $23M | -13.1% | -7.2% |
| Op. Income | $8M | $9M | $8M | -4.4% | 5.5% |
| Gross Margin | 95.9% | 86.7% | 84.0% | 9.2pp | 11.9pp |
| Net Margin | 29.8% | 27.3% | 26.2% | 2.4pp | 3.6pp |
| EPS (Diluted) | $0.76 | $0.81 | $0.73 | -6.2% | 4.1% |
| Free Cash Flow | $4M | $10M | $3M | -59.2% | 19.1% |
| Item | Amount |
|---|---|
| REVENUE | $21M |
| Cost of Revenue | $865.0K |
| GROSS PROFIT | $20M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $8M |
| SG&A Expenses | $17M |
| Other Expenses | -$5M |
| Operating Expenses | $12M |
| Cost & Expenses | $13M |
| OPERATING INCOME | $8M |
| Interest Income | $23M |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $0 |
| EBIT | $8M |
| EBITDA | $8M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $21M |
| Cost of Revenue | $865.0K |
| GROSS PROFIT | $20M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $8M |
| SG&A Expenses | $17M |
| Other Expenses | -$5M |
| Operating Expenses | $12M |
| Cost & Expenses | $13M |
| OPERATING INCOME | $8M |
| Interest Income | $23M |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $0 |
| EBIT | $8M |
| EBITDA | $8M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $327.0K |
| Stock-Based Compensation | $238.0K |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$38M |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | -$41M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $18M |
| NET CASH FROM FINANCING | $18M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $203M |
| Short-Term Investments | $544M |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | -$514M |
| TOTAL CURRENT ASSETS | $241M |
| PP&E (Net) | $19M |
| Goodwill | $3M |
| Intangible Assets | $0 |
| Long-Term Investments | $1.7B |
| Tax Assets | $14M |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $0 |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $1.8B |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $25M |
| Additional Paid-In Capital | $7M |
| Retained Earnings | $194M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $208M |
| Minority Interest | $0 |
| TOTAL EQUITY | $208M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $8M |
| Net Debt | -$195M |
