Company: ACCS
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0000843006-25-000025
Chunk: 48

Company: ACCESS Newswire Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 2
Chunk 48
---
 the future. In addition, securities analysts, investors, and others frequently use free cash flow in their evaluation of companies. Adjusted free cash flow represents a further non-GAAP adjustment to free cash flow to exclude the effect of cash paid for acquisition and integration related activities and unusual or non-recurring transactions. Management believes that by excluding these infrequent or unusual items from free cash flow, it better portrays our ability to generate cash, as such items are not indicative of the Company’s operating performance for the period.

The uses of these non-GAAP financial measures are not intended to be considered in isolation of, or as substitute for, the financial information prepared and presented in accordance with US GAAP. Free cash flow and adjusted free cash flow do not necessarily represent funds available for discretionary use and are not necessarily a measure of our ability to fund our cash needs. Our calculation of free cash flow and adjusted free cash flow may differ from similarly titled measures used by other companies, limiting their usefulness as a comparative measure. Free cash flow and adjusted free cash flow are non-GAAP financial measures.

For the three months ended March 31, 2025 and 2024, free cash flow and adjusted free cash flow were as follows:

  Three Months EndedMarch 31,   2025  2024        Net cash provided by operating activities of continuing operations (GAAP) $809  $77 Payments for purchase of fixed assets and capitalized software  (35 )  (261 )Free cash flow from continuing operations (Non-GAAP)  774   (184 )Cash paid for acquisition and integration related items (1)  87   23 Cash paid for other unusual items (2)  168   35 Adjusted free cash flow from continuing operations (Non-GAAP) $1,029  $(126 )

 (1)This adjustment gives effect to one-time corporate projects, including acquisition, divestiture and integration related expenses, paid during the periods. (2)For the three months ended March 31, 2025, this relates to payments related to our corporate re-brand and other non-recurring accounting fees. For the three months ended March 31, 2024, this relates to payments for non-recurring accounting fees during the period. 

Adjusted EBITDA and adjusted net income are non-GAAP financial measures and should not be considered as a substitute for analysis of our results as reported under GAAP.  These measures are defined differently by