| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33M | $32M | $30M | 0.7% | 7.4% |
| Op. Income | $4M | $6M | $3M | -30.2% | 66.3% |
| Gross Margin | 59.4% | 64.9% | 53.7% | -5.5pp | 5.7pp |
| Net Margin | 9.7% | 14.2% | 6.3% | -4.5pp | 3.4pp |
| EPS (Diluted) | $0.16 | $0.23 | $0.09 | -30.4% | 75.8% |
| Free Cash Flow | $5M | $7M | $3M | -20.2% | 82.7% |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $433.0K |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $5M |
| Operating Expenses | $15M |
| Cost & Expenses | $28M |
| OPERATING INCOME | $4M |
| Interest Income | $30M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $611.0K |
| EBIT | $4M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $433.0K |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $5M |
| Operating Expenses | $15M |
| Cost & Expenses | $28M |
| OPERATING INCOME | $4M |
| Interest Income | $30M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $611.0K |
| EBIT | $4M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $611.0K |
| Stock-Based Compensation | $461.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $253.0K |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$259.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | -$39M |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$24.0K |
| Common Dividends Paid | -$1M |
| Other Financing Activities | $20M |
| NET CASH FROM FINANCING | $17M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $76M |
| Short-Term Investments | $5M |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $90M |
| PP&E (Net) | $0 |
| Goodwill | $12M |
| Intangible Assets | $1M |
| Long-Term Investments | $2.5B |
| Tax Assets | $12M |
| Other Non-Current Assets | $141M |
| TOTAL NON-CURRENT ASSETS | $2.6B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $0 |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.3B |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $118M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $139M |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $205.0K |
| Additional Paid-In Capital | $116M |
| Retained Earnings | $149M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$18M |
| Other Equity | -$3M |
| TOTAL STOCKHOLDERS' EQUITY | $244M |
| Minority Interest | $0 |
| TOTAL EQUITY | $244M |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $121M |
| Net Debt | $45M |
