Overall Financial Results (000)

For the three months ended December 31, 2022 and 2021

Reportable Segments

Traditional

Business

Journal

Technologies

Corporate

Total

2022

2021

2022

2021

2022

2021

2022

2021

Revenues

Advertising

$

1,990

$

2,001

$

---

$

---

$

---

$

---

$

1,990

$

2,001

Circulation

1,098

1,110

---

1,098

1,110

Advertising service fees and other

699

671

---

699

671

Licensing and maintenance fees

---

4,395

4,480

---

4,395

4,480

Consulting fees

---

2,322

1,761

---

2,322

1,761

Other public service fees

---

1,797

1,713

---

1,797

1,713

Total operating revenues

3,787

3,782

8,514

7,954

---

12,301

11,736

Operating expenses

Salaries and employee benefits

2,218

2,315

7,413

6,162

---

9,631

8,477

Decrease to the long-term supplemental compensation accrual

(500

)

(90

)

(20

)

(40

)

---

(520

)

(130

)

Others

1,134

1,051

2,772

2,282

---

3,906

3,333

Total operating expenses

2,852

3,276

10,165

8,404

---

13,017

11,680

Income (loss) from operations

935

506

(1,651

)

(450

)

---

(716

)

56

Dividends and interest income

---

1,069

875

1,069

875

Interest expense on note payable collateralized by real estate and other

---

(12

)

(13

)

(12

)

(13

)

Interest expense on margin loans

---

(861

)

(86

)

(861

)

(86

)

Gains on sales of marketable securities, net

---

422

46,694

422

46,694

Net unrealized gains (losses) on marketable securities

---

24,025

(36,088

)

24,025

(36,088

)

Pretax income (loss)

935

506

(1,651

)

(450

)

24,643

11,382

23,927

11,438

Income tax (expense) benefit

(235

)

(205

)

350

250

(6,215

)

(4,605

)

(6,100

)

(4,560

)

Net income (loss)

$

700

$

301

$

(1,301

)

$

(200

)

$

18,428

$

6,777

$

17,827

$

6,878

Total assets

$

45,288

$

69,925

$

25,202

$

18,925

$

275,781

$

347,157

$

346,271

$

436,007

Capital expenditures

32

---

4

---

36

---