secwatch.observer — SEC 8-K summary
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Issuer:     ACCESS Newswire Inc. (ACCS)
CIK:        0000843006
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001654954-23-006205
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/843006/000165495423006205/0001654954-23-006205-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/843006/000165495423006205/isdr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-006205

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