secwatch.observer — SEC 8-K summary
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Issuer:     ACCESS Newswire Inc. (ACCS)
CIK:        0000843006
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001654954-22-014689
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/843006/000165495422014689/0001654954-22-014689-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/843006/000165495422014689/isdr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-014689

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer