| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32M | $32M | $28M | 0.9% | 12.7% |
| Op. Income | $6M | $8M | $8M | -31.1% | -31.6% |
| Gross Margin | 72.4% | 71.9% | 80.3% | 0.5pp | -7.9pp |
| Net Margin | 13.5% | 20.3% | 22.1% | -6.8pp | -8.6pp |
| EPS (Diluted) | $0.18 | $0.26 | $0.25 | -30.8% | -28.0% |
| Free Cash Flow | $4M | $5M | $2M | -19.3% | 105.4% |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $239.0K |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $8M |
| Operating Expenses | $18M |
| Cost & Expenses | $26M |
| OPERATING INCOME | $6M |
| Interest Income | $28M |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $595.0K |
| EBIT | $6M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $239.0K |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $8M |
| Operating Expenses | $18M |
| Cost & Expenses | $26M |
| OPERATING INCOME | $6M |
| Interest Income | $28M |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $595.0K |
| EBIT | $6M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $595.0K |
| Stock-Based Compensation | $446.0K |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$424.0K |
| Change in Working Capital | $194.0K |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$227.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$12M |
| Sales/Maturities of Investments | $48M |
| Other Investing Activities | -$72M |
| NET CASH FROM INVESTING | -$37M |
| Net Debt Issuance | -$33.0K |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $146M |
| NET CASH FROM FINANCING | $140M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | $106M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $229M |
| Short-Term Investments | $255M |
| Net Receivables | $1.6B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $35M |
| Goodwill | $11M |
| Intangible Assets | $2M |
| Long-Term Investments | $1.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$1.9B |
| TOTAL NON-CURRENT ASSETS | $35M |
| TOTAL ASSETS | $2.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.9B |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | -$9M |
| Additional Paid-In Capital | $115M |
| Retained Earnings | $200M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $314M |
| Minority Interest | $0 |
| TOTAL EQUITY | $314M |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $0 |
| Net Debt | -$229M |
