| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $46M | $43M | $40M | 7.3% | 14.3% |
| Op. Income | $5M | $4M | $3M | 18.6% | 52.6% |
| Gross Margin | 25.1% | 25.1% | 21.0% | -0.0pp | 4.1pp |
| Net Margin | 10.5% | 8.0% | 7.1% | 2.5pp | 3.4pp |
| EPS (Diluted) | $0.37 | $0.30 | $0.26 | 23.3% | 42.3% |
| Free Cash Flow | $5M | $4M | $1M | 30.4% | 306.5% |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $12M |
| R&D Expenses | $323.0K |
| Selling & Marketing | $2M |
| General & Administrative | $4M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $41M |
| OPERATING INCOME | $5M |
| Interest Income | $206.0K |
| Interest Expense | $176.0K |
| Other Income/Expenses | $402.0K |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $821.0K |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $1M |
| EBIT | $6M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $12M |
| R&D Expenses | $323.0K |
| Selling & Marketing | $2M |
| General & Administrative | $4M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $41M |
| OPERATING INCOME | $5M |
| Interest Income | $206.0K |
| Interest Expense | $176.0K |
| Other Income/Expenses | $402.0K |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $821.0K |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $1M |
| EBIT | $6M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $167.0K |
| Deferred Income Tax | $884.0K |
| Other Non-Cash Items | -$350.0K |
| Change in Working Capital | $704.0K |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$473.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$362.0K |
| NET CASH FROM FINANCING | -$835.0K |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $47M |
| Short-Term Investments | $0 |
| Net Receivables | $33M |
| Inventory | $78M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $165M |
| PP&E (Net) | $52M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $4M |
| Tax Assets | $683.0K |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $59M |
| TOTAL ASSETS | $224M |
| Account Payables | $17M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $37M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $53M |
| Common Stock | $0 |
| Additional Paid-In Capital | $136M |
| Retained Earnings | $37M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | $499.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $171M |
| Minority Interest | $0 |
| TOTAL EQUITY | $171M |
| TOTAL LIABILITIES & EQUITY | $224M |
| Total Debt | $17M |
| Net Debt | -$30M |
