Issuer Direct Q3 revenue down 8% to $7.0M, net loss of $0.12/share; subscriptions up 9% QoQ

ACCESS Newswire Inc.

2024-Q3 EPS reported -$0.16 revenue$21,602,000

Revenue $7.0M (-8% YoY); GAAP net loss $466k ($0.12 loss per share); adjusted EBITDA $1.37M (20% margin).
Subscriptions rose to 1,121 (+7% YoY, +9% QoQ); ARR increased ~$1M from prior quarter.
Cash from operations improved to $1.5M from $0.3M in Q3 2023.
Communications revenue declined 10% YoY, driven by lower Newswire distribution revenue.
Management targeting margin expansion via operational efficiency and recurring subscription model.

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