Issuer Direct Q4 revenue up 6% to $7.5M; net loss widens to $0.19/share; full-year net income down 60%

ACCESS Newswire Inc.

Q4 revenue $7.5M (+6% YoY); GAAP net loss $726K ($0.19 loss/share) vs $109K loss ($0.03) in Q4 2022.
FY2023 revenue $33.4M (+42% YoY, driven by Newswire acquisition); GAAP net income $766K ($0.20/share) vs $1.9M ($0.52) in 2022.
Adjusted EBITDA Q4 $1.1M (14% margin); FY2023 adjusted EBITDA $7.7M (23% margin) vs $4.9M in 2022.
Communications revenue rose to 73% of total revenue; subscriptions increased to 1,053 from 1,002.
Company launched Media Suite solution on schedule; management expects continued growth momentum.

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 three months ended December 31, 2023 results: revenue $7,539,000, net income $726,000, EPS $(0.19) per diluted share.

Period: the three months ended December 31, 2023
Revenue: $7,539,000
Net income: $726,000
EPS: $(0.19) per diluted share
Result: reported results

Exact text from the filing

to grow as we look to further expand our market share, build pipeline and launch our new communications products.” Fourth Quarter 2023 Highlights: · Revenue - Total revenue was $7,539,000, a 6% increase from $7,139,000 in Q4 2022 and flat compared to Q3 2023. Communications revenue increased 2% from Q4 2022 and decreased 7% from Q3 2023. The increase from Q4 2022 is

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ACCESS Newswire Inc. reported the full year ended December 31, 2023 results: revenue $33,378,000, net income $766,000, EPS $0.20 per diluted share.

Period: the full year ended December 31, 2023
Revenue: $33,378,000
Net income: $766,000
EPS: $0.20 per diluted share
Result: reported results

Exact text from the filing

per diluted share, during Q4 2022. Adjusted free-cashflow was $687,000 for Q4 2023 compared to $1,999,000 for Q4 2022. 1 Full Year 2023 Highlights: · Revenue - Total revenue was $33,378,000, a 42% increase from $23,514,000 in 2022. Communications revenue increased 50% compared to 2022, primarily related to the acquisition of Newswire, which is all included in

View on SEC.gov

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

ACCESS Newswire Inc. filing history →

Source: SEC EDGAR

accession 0001654954-24-002807

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.