| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $167.3K | $888.7K | 3280.7% | 536.4% |
| Op. Income | $9M | $62M | -$5M | -86.1% | 259.5% |
| Gross Margin | 177.8% | 38816.8% | -282.3% | -38639.0pp | 460.1pp |
| Net Margin | 131.1% | 37254.4% | -613.5% | -37123.2pp | 744.6pp |
| EPS (Diluted) | $0.26 | $2.23 | $-0.23 | -88.3% | 213.0% |
| Free Cash Flow | -$3M | -$2M | -$21M | -21.5% | 87.7% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $10M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $958.9K |
| SG&A Expenses | $958.9K |
| Other Expenses | $2M |
| Operating Expenses | $3M |
| Cost & Expenses | -$3M |
| OPERATING INCOME | $9M |
| Interest Income | $459.3K |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $0 |
| 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 | $0 |
| EBIT | $9M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $10M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $958.9K |
| SG&A Expenses | $958.9K |
| Other Expenses | $2M |
| Operating Expenses | $3M |
| Cost & Expenses | -$3M |
| OPERATING INCOME | $9M |
| Interest Income | $459.3K |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $0 |
| 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 | $0 |
| EBIT | $9M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $230.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | $381.5K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | $29.2K |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $55M |
| Short-Term Investments | $0 |
| Net Receivables | $111.0K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $56M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $252M |
| Tax Assets | $0 |
| Other Non-Current Assets | $517.5K |
| TOTAL NON-CURRENT ASSETS | $253M |
| TOTAL ASSETS | $308M |
| Account Payables | $3M |
| Short-Term Debt | $37.7K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $145.4K |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $73M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $73M |
| TOTAL LIABILITIES | $77M |
| Common Stock | $251.2K |
| Additional Paid-In Capital | $238M |
| Retained Earnings | -$15M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $232M |
| Minority Interest | $0 |
| TOTAL EQUITY | $232M |
| TOTAL LIABILITIES & EQUITY | $308M |
| Total Debt | $73M |
| Net Debt | $19M |
