Issuer Direct Q1 revenue record $8.6M (+63% YoY) driven by Newswire; GAAP net loss $0.04/share

ACCESS Newswire Inc.

2023-Q1 EPS reported -$0.04 revenue$8,619,000

Revenue $8.6M, up 63% YoY and 21% sequentially; Communications revenue grew 94% YoY from Newswire acquisition.
GAAP net loss $(0.04) per diluted share vs net income $0.13 in Q1 2022; operating income down to $581K from $688K.
Adjusted EBITDA $1.9M (+66% YoY); non-GAAP diluted EPS $0.33 vs $0.22.
Customer count 12-month active 10,052 (incl 2,262 from Newswire); subscription customers 1,001.
Operating cash flow $272K, down from $548K; company cites one-time costs related to Newswire acquisition.

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 0.95

ACCESS Newswire Inc. reported the first quarter ended March 31, 2023 results: revenue $8,619,000, net income $(144,000), or $(0.04) per diluted share, EPS $(0.04) per diluted share.

Period: the first quarter ended March 31, 2023
Revenue: $8,619,000
Net income: $(144,000), or $(0.04) per diluted share
EPS: $(0.04) per diluted share
Result: reported results

Exact text from the filing

(PRESS RELEASE) --- EX-99.1 2 isdr_ex991.htm PRESS RELEASE isdr_ex991.htm EXHIBIT 99.1 Issuer Direct Reports First Quarter 2023 Results - Record First Quarter Revenue of $8.6 million, an Increase of 63% from Q1 2022 RALEIGH, NC / Issuer Direct Corporation (NYSE American:ISDR) (the "Company"), a leading communications company, today reported its operating

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Source: SEC EDGAR

accession 0001654954-23-006205

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