Issuer Direct Q2 revenue $7.7M, -20% YoY but +10% seq; net income $7K

ACCESS Newswire Inc.

2024-Q2 EPS reported -$0.03 revenue$14,649,000

Q2 revenue $7.7M, down 20% YoY but up 10% sequentially; Communications flat YoY, Compliance down 53%.
GAAP net income $7K ($0.00 EPS) vs $1.36M ($0.36 EPS) in Q2 2023; net loss YTD -$132K.
Adjusted EBITDA $1.47M (19% margin) vs $3.02M (31%) YoY; operating cash flow -$190K.
CEO says expense management to realize ~$400K quarterly savings in H2; active customers up to 12,388.

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