| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $68M | $76M | $71M | -11.3% | -4.1% |
| Op. Income | $15M | $20M | $7M | -25.0% | 105.5% |
| Gross Margin | 86.8% | 88.5% | 83.1% | -1.7pp | 3.7pp |
| Net Margin | 8.2% | 24.0% | 12.0% | -15.8pp | -3.8pp |
| EPS (Diluted) | $0.41 | $1.36 | $0.63 | -70.0% | -34.6% |
| Item | Amount |
|---|---|
| REVENUE | $68M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $59M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $43M |
| Other Expenses | $1 |
| Operating Expenses | $44M |
| Cost & Expenses | $53M |
| OPERATING INCOME | $15M |
| Interest Income | $726.3K |
| Interest Expense | $8.4K |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $1M |
| EBIT | $15M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $68M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $59M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $43M |
| Other Expenses | $1 |
| Operating Expenses | $44M |
| Cost & Expenses | $53M |
| OPERATING INCOME | $15M |
| Interest Income | $726.3K |
| Interest Expense | $8.4K |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $1M |
| EBIT | $15M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $84M |
| Short-Term Investments | $34M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $131M |
| PP&E (Net) | $111M |
| Goodwill | $36.6K |
| Intangible Assets | $0 |
| Long-Term Investments | $47M |
| Tax Assets | $3M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $168M |
| TOTAL ASSETS | $299M |
| Account Payables | $0 |
| Short-Term Debt | $1M |
| Deferred Revenue | $56M |
| Other Current Liabilities | $54M |
| TOTAL CURRENT LIABILITIES | $111M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $29M |
| Deferred Tax Liabilities | $846.0K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $50M |
| TOTAL LIABILITIES | $161M |
| Common Stock | $292 |
| Additional Paid-In Capital | $334M |
| Retained Earnings | -$217M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $138M |
| Minority Interest | -$217.4K |
| TOTAL EQUITY | $138M |
| TOTAL LIABILITIES & EQUITY | $299M |
| Total Debt | $20M |
| Net Debt | -$64M |
