Company: ACCS
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0000843006-25-000025
Chunk: 3

Company: ACCESS Newswire Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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—   —   —   (34 )  —   (34 )Net loss  —   —   —   —   (139 )  (139 )Balance at March 31, 2024  3,817,379  $4  $23,464  $(83 ) $11,795  $35,180                          Balance at December 31, 2024  3,838,743  $4  $24,259  $(178) $1,141  $25,226 Stock-based compensation expense  —   —   280   —   —   280 Exercise of stock awards, net of tax  9,000   —   —   —   —   — Foreign currency translation  —   —   —   2   —   2 Net income  —   —   —   —   5,387   5,387 Balance at March 31, 2025  3,847,743  $4  $24,539  $(176) $6,528  $30,895 

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

 6Table of Contents

ACCESS NEWSWIRE INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

(in thousands)

  For the Three Months Ended   March 31,  March 31,   2025  2024 Cash flows from operating activities:      Net income (loss) $5,387  $(139 )Adjustments to reconcile net income (loss) to net cash provided by operating activities:        Net income from discontinued operations, net of tax  (6,152 )  (644 )Depreciation and amortization  742   728 Provision for credit losses  277   301 Deferred income taxes  (941 )  (7 )Stock-based compensation expense  203   (79 )Non-cash interest expense  4   4 Changes in operating assets and liabilities:        Decrease (increase) in accounts receivable  (389 )  (530