Company: ACCS
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0000843006-25-000041
Chunk: 41

Company: ACCESS Newswire Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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 ended June 30, 2025, this adjustment gives effect to the loss on the change in fair value of our interest rate swap of $10,000 and non-recurring fees, including acquisition, integration and divestiture costs of $157,000.  For the six months ended June 30, 2025, this adjustment gives effect to the loss on the change in fair value of our interest rate swap of $79,000, as well as corporate re-brand costs of $132,000 and non-recurring fees, including acquisition, integration and divestiture costs of $321,000. For the three and six months ended June 30, 2024, this adjustment gives effect to a gain recorded on the change in fair value of our interest rate swap of $14,000 and $219,000, respectively, partially offset by one-time accounting fees, termination benefits and other non-recurring or unusual expenses, including acquisition and integration expenses of $94,000 and $194,000, respectively.  (4)This adjustment gives effect to discrete items that impact income tax expense. For the three and six months ended June 30, 2025 and 2024, this relates to additional expense associated with vesting of stock-based compensation awards. (5)This adjustment gives effect to the tax impact of all non-GAAP adjustments at the current Federal tax rate of 21%.

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For the three and six months ended June 30, 2025 and 2024, free cash flow and adjusted free cash flow were as follows (in thousands):

  Three Months Ended June 30,   2025  2024        Net cash provided by operating activities of (GAAP) $135  $(190 )Payments for purchase of fixed assets and capitalized software  —   (155 )Free cash flow (Non-GAAP)  135   (345 )Cash paid for acquisition and integration related items (1)  31   — Cash paid for other unusual items (2)  84   53 Adjusted free cash flow from (Non-GAAP) $250  $(292 )

  Six Months Ended June 30,   2025  2024        Net cash provided by operating activities (GAAP) $882  $796 Payments for purchase of fixed assets and capitalized software  (35)  (416)Free cash flow (Non