secwatch.observer — SEC 8-K summary
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Issuer:     ACCESS Newswire Inc. (ACCS)
CIK:        0000843006
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001654954-24-010175
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/843006/000165495424010175/0001654954-24-010175-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/843006/000165495424010175/isdr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-010175

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