| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $10M | — | 8.3% | — |
| Op. Income | $7M | $5M | — | 44.2% | — |
| Gross Margin | 98.6% | 93.6% | — | 5.1pp | — |
| Net Margin | 80.7% | 35.2% | — | 45.5pp | — |
| EPS (Diluted) | $0.72 | $0.29 | — | 148.3% | — |
| Free Cash Flow | $557.0K | $8M | — | -92.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $147.0K |
| GROSS PROFIT | $11M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $773.0K |
| Operating Expenses | $4M |
| Cost & Expenses | $4M |
| OPERATING INCOME | $7M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $33.0K |
| EBIT | $12M |
| EBITDA | $12M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $147.0K |
| GROSS PROFIT | $11M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $773.0K |
| Operating Expenses | $4M |
| Cost & Expenses | $4M |
| OPERATING INCOME | $7M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $33.0K |
| EBIT | $12M |
| EBITDA | $12M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $33.0K |
| Stock-Based Compensation | $286.0K |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $906.0K |
| Capital Expenditure | -$349.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | -$32M |
| Other Investing Activities | $35M |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | -$294.0K |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$41.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $557.0K |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $0 |
| Other Current Assets | $543.0K |
| TOTAL CURRENT ASSETS | $16M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $275.0K |
| Tax Assets | $19M |
| Other Non-Current Assets | $253M |
| TOTAL NON-CURRENT ASSETS | $273M |
| TOTAL ASSETS | $289M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $32M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $361.0K |
| TOTAL NON-CURRENT LIABILITIES | $32M |
| TOTAL LIABILITIES | $35M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$4.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $4.4B |
| TOTAL STOCKHOLDERS' EQUITY | $254M |
| Minority Interest | $0 |
| TOTAL EQUITY | $254M |
| TOTAL LIABILITIES & EQUITY | $289M |
| Total Debt | $32M |
| Net Debt | $22M |
