Company: ACCS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001683168-25-008214
Chunk: 34

Company: ACCESS Newswire Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 34
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 as well as the gain or loss on the
change in fair value of our interest rate swap.

Non-GAAP net income (loss)
from continuing operations is calculated by excluding stock-based compensation expense and amortization expense for acquisition-related
intangible assets from loss from continuing operations and certain other adjustments noted in the tables below. Non-GAAP net income (loss)
from continuing operations per share is calculated by dividing non-GAAP net income (loss) from continuing operations by the weighted-average
diluted shares outstanding as presented in the calculation of GAAP net income (loss) from continuing operations per share. Because of
varying available valuation methodologies, subjective assumptions and the variety of equity instruments that can impact a company’s
non-cash expenses, management believes that providing non-GAAP financial measures that exclude stock-based compensation expense allows
for more meaningful comparisons between its operating results from period to period. For business combinations, management generally allocates
a portion of the purchase price to intangible assets. The amount of the allocation is based on estimates and assumptions made by management
and is subject to amortization. The amount of purchase price allocated to intangible assets and the term of its related amortization can
vary significantly and are unique to each acquisition and thus management does not believe they are reflective of ongoing operations.

Free cash flow, a non-GAAP
measure, represents cash flow from operating activities less purchase of property and equipment and capitalized software. Adjusted free
cash flow also deducts certain cash payments which the Company believe to be non-recurring in nature. Management considers free cash flow
and adjusted free cash flow to be liquidity measures that provide useful information to investors about the amount of cash generated or
used by the business.

Non-GAAP financial measures
may not provide information that is directly comparable to that provided by other companies in our industry, as other companies in the
industry may calculate non-GAAP financial results differently. In addition, there are limitations in using non-GAAP financial measures
because the non-GAAP financial measures are not prepared in accordance with GAAP, may be different from non-GAAP financial measures used
by other companies and exclude expenses that may have a material impact on our reported financial results.

The presentation of non-GAAP
financial information below and herein are not meant to be considered in isolation or as a substitute for the directly comparable financial
measures prepared in accordance with GAAP. Investors should review the reconciliation of non-GAAP financial measures to the comparable
GAAP financial measures included below and not rely on