Company: ACCS
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0000843006-25-000025
Chunk: 33

Company: ACCESS Newswire Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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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 different companies, and accordingly, such measures may not be comparable to similarly titled measures of other companies and have important limitations as an analytical tool.

 24Table of Contents

A reconciliation of net income to adjusted EBITDA for the three months ended March 31, 2025 and 2024 is presented in the following table (in 000’s):

  Three Months EndedMarch 31,   2025  2024   Amount  Amount        Net loss from continuing operations: $(765 ) $(783 )Adjustments:        Depreciation and amortization  742   728 Interest expense, net  204   284 Income tax expense (benefit)  (185 )  16 EBITDA from continuing operations  (4 )  245 Acquisition and/or integration costs (1)  129   65 Other non-recurring expenses (2)  236   (170 )Stock-based compensation expense (3)  203   (79 )Adjusted EBITDA from continuing operations: $564  $61 

 (1)This adjustment gives effect to one-time corporate projects, including acquisition, divestiture and integration related expenses, incurred during the periods. (2)For the three months ended March 31, 2025, this adjustment gives effect to the change in fair value of our interest rate swap of $69,000 as well as corporate re-brand costs of $132,000 and non-recurring accounting fees of $35,000. For the three months ended March 31, 2024, this adjustment gives effect to the change in fair value of our interest rate swap of $205