Issuer Direct Q3 net income $0.19/diluted, revenue down 3%; acquires iNewsWire.com LLC

ACCESS Newswire Inc.

2022-Q3 EPS reported $0.55 revenue$16,375,000

Q3 revenue $5.28M (-3% YoY); net income $686K ($0.19/diluted) vs $1.024M ($0.27) in Q3 2021.
ACCESSWIRE revenue grew 6% YoY; total Communications revenue down 5% due to webcasting/events slowdown.
Completed $5M stock repurchase plan by buying 38,563 shares in Q3 (remaining $959K).
Acquired iNewsWire.com LLC, nearly doubling news distribution revenues and customer counts; accretive.
EBITDA (non-GAAP) $952K (18% of revenue) vs $1.632M (30%) in Q3 2021 (includes $366K CARES credit).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

ACCESS Newswire Inc. reported the three and nine months ended September 30, 2022 results: revenue $5,280,000, net income $686,000, EPS $0.19 per diluted share.

Period: the three and nine months ended September 30, 2022
Revenue: $5,280,000
Net income: $686,000
EPS: $0.19 per diluted share
Result: reported results

Exact text from the filing

both organically and inorganically, is extremely important for our long-term growth,” stated Mr. Balbirnie. Third Quarter 2022 Highlights: · Revenue - Total revenue was $5,280,000, a 3% decrease from $5,465,000 in Q3 2021 and a 9% decrease from $5,807,000 in Q2 2022. Communications revenue decreased 5% from Q3 2021 and 6% from Q2 2022. The decrease in

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23 earnings releases filed in the last 30 days. Browse all earnings releases →

ACCESS Newswire Inc. filing history →

Source: SEC EDGAR

accession 0001654954-22-014689

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