| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $58M | $55M | $55M | 5.5% | 5.7% |
| Op. Income | $7M | $6M | $6M | 13.1% | 22.6% |
| Gross Margin | 42.3% | 40.1% | 36.3% | 2.1pp | 6.0pp |
| Net Margin | 6.5% | 8.7% | 7.3% | -2.2pp | -0.8pp |
| EPS (Diluted) | $0.12 | $0.15 | $0.15 | -20.0% | -20.0% |
| Free Cash Flow | $36M | $134M | $112M | -73.3% | -68.0% |
| Item | Amount |
|---|---|
| REVENUE | $58M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $25M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $9M |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $17M |
| Cost & Expenses | $51M |
| OPERATING INCOME | $7M |
| Interest Income | $57M |
| Interest Expense | $33M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $3M |
| 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 | $659.2K |
| EBIT | $7M |
| EBITDA | $8M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $58M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $25M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $9M |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $17M |
| Cost & Expenses | $51M |
| OPERATING INCOME | $7M |
| Interest Income | $57M |
| Interest Expense | $33M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $3M |
| 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 | $659.2K |
| EBIT | $7M |
| EBITDA | $8M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $659.2K |
| Stock-Based Compensation | $4.4K |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$22M |
| Change in Working Capital | $50M |
| OPERATING CASH FLOW | $36M |
| Capital Expenditure | -$211.9K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $60M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | $56M |
| Net Debt Issuance | -$144.7K |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$586.1K |
| Other Financing Activities | -$656.6K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $36M |
| Net Change in Cash | $89M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $425M |
| Short-Term Investments | $696.4K |
| Net Receivables | $23M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $448M |
| PP&E (Net) | $19M |
| Goodwill | $9M |
| Intangible Assets | $8M |
| Long-Term Investments | $3.7B |
| Tax Assets | $3M |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.6B |
| TOTAL CURRENT LIABILITIES | $3.6B |
| Long-Term Debt | $76M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $24.1K |
| Other Non-Current Liabilities | $224M |
| TOTAL NON-CURRENT LIABILITIES | $303M |
| TOTAL LIABILITIES | $3.9B |
| Common Stock | $238M |
| Additional Paid-In Capital | $2M |
| Retained Earnings | $149M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $410.7K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $389M |
| Minority Interest | $0 |
| TOTAL EQUITY | $389M |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $79M |
| Net Debt | -$346M |
