Issuer Direct Q2 revenue record $9.7M (+66% YoY); diluted EPS $0.36 vs $0.22

ACCESS Newswire Inc.

2023-Q2 EPS reported $0.32 revenue$18,270,000

Revenue rose 66% to $9.7M (record); GAAP net income $1.36M ($0.36/diluted) vs $0.84M ($0.22) in Q2 2022.
Adjusted EBITDA more than doubled to $3.02M (31% margin) from $1.50M (26% margin) in prior-year quarter.
Active subscriptions increased to 1,015 from 966; AI writing assistant AImee commercially launched at quarter end.
Operating cash flow improved to $1.73M from $1.10M; total customers with active contract in past 12 months grew to 10,449 from 7,440.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ACCESS Newswire Inc. reported the three and six months ended June 30, 2023 results: revenue $9,651,000, net income $1,363,000, EPS $0.36 per diluted share.

Period: the three and six months ended June 30, 2023
Revenue: $9,651,000
Net income: $1,363,000
EPS: $0.36 per diluted share
Result: reported results

Exact text from the filing

expansion in our subscription business, help us achieve our strategic vision and position us for long-term growth.” Second Quarter 2023 Highlights: · Revenue - Total revenue was $9,651,000, a 66% increase from $5,807,000 in Q2 2022 and a 12% increase from $8,619,000 in Q1 2023. Communications revenue increased 61% from Q2 2022 and decreased 10% from Q1 2023. The

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ACCESS Newswire Inc. filing history →

Source: SEC EDGAR

accession 0001654954-23-010482

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