Company: ACCS
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0000843006-25-000012
Chunk: 250

Company: ACCESS Newswire Inc.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 13
Chunk 250
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 and 2023, respectively.  4   4 Additional paid-in capital  24,259   23,531 Other accumulated comprehensive loss  (178 )  (49 )Retained earnings  1,141   11,934 Total stockholders' equity  25,226   35,420 Total liabilities and stockholders’ equity $50,638  $65,152 

The accompanying notes are an integral part of these consolidated financial statements.

 F-6Table of Contents

ACCESS NEWSWIRE INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME (LOSS)

(in thousands, except per share amounts)

  Years Ended December 31,   2024  2023 Revenues $23,057  $24,522 Cost of revenues  5,617   5,607 Gross margin  17,440   18,915 Operating costs and expenses:        General and administrative  7,000   8,354 Sales and marketing  7,080   8,028 Product development  2,821   2,544 Depreciation and amortization  2,708   2,728 Impairment loss on intangible assets  14,150   — Total operating costs and expenses  33,759   21,654 Operating loss  (16,319 )  (2,739 )Other income (expense)        Interest expense, net  (1,107 )  (1,249 )Other income (expense) (See Notes 6 and 7)  81   (391 )Loss before income taxes  (17,345 )  (4,379 )Income tax benefit  (4,064 )  (938 )Net loss from continuing operations $(13,281 ) $(3,441 )Net income from discontinued operations, net of taxes  2,488   4,207 Net (loss) income  (10,793 )  766 Loss from continuing operations per share – basic $(3.47 ) $(0.90 )Loss from continuing operations per share – diluted $(3.47 ) $(0.90 )Income from discontinued operations per share – basic $0.65  $1.10