Issuer Direct Q1 revenue falls 19% to $7.0M; posts operating loss of $52K

ACCESS Newswire Inc.

2024-Q1 EPS reported -$0.04 revenue$6,962,000

Revenue $7.0M, down 19% YoY from $8.6M; adjusted EBITDA $0.8M vs $1.9M.
GAAP net loss $139K ($0.04 per share), flat YoY; operating loss $52K vs income $581K.
Communications revenue down 17%, compliance revenue down 27% YoY.
Subscriptions up to 1,043 from 1,001; active 12-month customers up 20% to 12,093.
Cash from operations $986K, up from $272K YoY.

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 three months ended March 31, 2024 results: revenue $7.0 million, net income $139,000, EPS $(0.04) per diluted share.

Period: the three months ended March 31, 2024
Revenue: $7.0 million
Net income: $139,000
EPS: $(0.04) per diluted share
Result: reported results

Exact text from the filing

Issuer Direct Reports First Quarter 2024 Results - First Quarter Revenue of $7.0 million, a Decrease of 19% from Q1 2023

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Source: SEC EDGAR

accession 0001654954-24-005883

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