Company: ACCS
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0000843006-25-000025
Chunk: 1

Company: ACCESS Newswire Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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        Preferred stock, $0.001 par value, 1,000,000 shares authorized, no shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively.  —   — Common stock $0.001 par value, 20,000,000 shares authorized, 3,847,743 and 3,838,743 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively  4   4 Additional paid-in capital  24,539   24,259 Other accumulated comprehensive loss  (176 )  (178 )Retained earnings  6,528   1,141 Total stockholders' equity  30,895   25,226 Total liabilities and stockholders’ equity $47,283  $50,638 

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

 3Table of Contents

ACCESS NEWSWIRE INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

(in thousands, except share and per share amounts)

  For the Three Months Ended   March 31,  March 31,   2025  2024        Revenues $5,476  $5,572 Cost of revenues  1,203   1,388 Gross profit  4,273   4,184 Operating costs and expenses:        General and administrative  1,953   1,639 Sales and marketing  1,594   2,071 Product development  733   654 Depreciation and amortization  670   682 Total operating costs and expenses  4,950   5,046 Operating loss  (677 )  (862 )Interest expense, net  (204 )  (284 )Other income (expense)  (69 )  205 Loss before taxes  (950 )  (941 )Income tax benefit  (185 )  (158 )Net loss from continuing operations  (765 ) (783 )Net income from discontinued operations, net of taxes  6,152   644 Net income (loss) $5,387  $ (139 )Net loss