Company: ACCS
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0000843006-25-000041
Chunk: 104

Company: ACCESS Newswire Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 104
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  (926)  (1,393)  (8)%  (12)%Interest expense, net  (193)  (587)  (2)%  (5)%Other (loss) income  (79)  219   (1)%  2%Loss before income taxes  (1,198)  (1,761)  (11)%  (15)%Income tax benefit  (194)  (295)  (2)%  (3)%Net loss from continuing operations $(1,004) $(1,466)  (9)%  (13)%

Revenues

Total revenue decreased $399,000, or 7%, to $5,621,000 during the three months ended June 30, 2025, as compared to $6,020,000 for the same period in 2024. Total revenue decreased $495,000, or 4%, to $11,097,000 during the six months ended June 30, 2025, as compared to $11,592,000 for the same period in 2024. The decreases in revenue are due to declines across our various product lines. For the three and six months ended June 30, 2025, core press release revenue decreased 4% and 2%, respectively, due to lower revenue per press release as a result of product mix, as total volume increased 8% and 6%, respectively.

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Revenue Backlog

As of June 30, 2025, our deferred revenue balance was $4,741,000, which we expect to recognize over the next twelve months, as compared to $4,743,000 at December 31, 2024. Deferred revenue primarily consists of advance billings for pre-paid packages of our news distribution products as well as advance billings for subscriptions of our cloud-based products.

Cost of Revenues

Cost of revenues consist primarily of direct labor costs, newswire distribution costs, teleconferencing costs, and third-party licensing costs. Cost of revenues decreased by $37,000, or 3%, and $222,000, or 8%, during the three and six months ended June 30, 2025, respectively, as compared to the same periods of 2024. The decreases were primarily due to a reduction in headcount and optimization of our operations