| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $51M | $52M | $51M | -2.0% | 0.2% |
| Op. Income | $10M | $10M | $6M | 1.8% | 67.2% |
| Gross Margin | 71.6% | 71.3% | 66.1% | 0.2pp | 5.5pp |
| Net Margin | 15.5% | 14.8% | 9.3% | 0.7pp | 6.2pp |
| EPS (Diluted) | $0.44 | $0.43 | $0.26 | 2.3% | 69.2% |
| Free Cash Flow | $32M | -$39M | $74M | 184.2% | -56.1% |
| Item | Amount |
|---|---|
| REVENUE | $51M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $37M |
| R&D Expenses | $0 |
| Selling & Marketing | $712.0K |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | $6M |
| Operating Expenses | $27M |
| Cost & Expenses | $41M |
| OPERATING INCOME | $10M |
| Interest Income | $30M |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $591.0K |
| EBIT | $10M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $51M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $37M |
| R&D Expenses | $0 |
| Selling & Marketing | $712.0K |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | $6M |
| Operating Expenses | $27M |
| Cost & Expenses | $41M |
| OPERATING INCOME | $10M |
| Interest Income | $30M |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $591.0K |
| EBIT | $10M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $591.0K |
| Stock-Based Compensation | $148.0K |
| Deferred Income Tax | $20.0K |
| Other Non-Cash Items | $26M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $33M |
| Capital Expenditure | -$295.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | -$45M |
| NET CASH FROM INVESTING | -$56M |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | $32M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $50M |
| Short-Term Investments | $166M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $217M |
| PP&E (Net) | $19M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $141M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $0 |
| Short-Term Debt | $259M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $210M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $69M |
| TOTAL NON-CURRENT LIABILITIES | $279M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $185.0K |
| Additional Paid-In Capital | $81M |
| Retained Earnings | $288M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13M |
| Other Equity | -$10M |
| TOTAL STOCKHOLDERS' EQUITY | $345M |
| Minority Interest | $0 |
| TOTAL EQUITY | $345M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $469M |
| Net Debt | $419M |
