Company: ACCS
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0000843006-25-000012
Chunk: 553

Company: ACCESS Newswire Inc.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 2
Chunk 553
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 portrays our ability to generate cash, as such items are not indicative of the Company’s operating performance for the period.  

 26Table of Contents

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 years ended December 31, 2024 and 2023, free cash flow and adjusted free cash flow were as follows:

  Year Ended December 31,   2024  2023        Net cash provided by (used in) operating activities of continuing operations (US GAAP) $400  $(741)Payments for purchase of fixed assets and capitalized software  (616 )  (503 )Free cash flow (Non-GAAP)  (216 )  (1,244)Cash paid for acquisition and integration related items(1)  23   373 Cash paid for other unusual items(2)  219   395 Adjusted free cash flow (Non-GAAP) $26  $(476)

 (1)This adjustment gives effect to one-time corporate projects, including acquisition and/or integration related expenses, paid during the periods. (2)For the year ended December 31, 2024, this adjustment gives effect to payments for one-time accounting fees, termination benefits and other non-recurring or unusual expenses. During the year ended December 31, 2023, this adjustment is primarily related to a one-time payment of $370,000 related to the early termination of the note payable associated with the Newswire acquisition.

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 US 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.

A reconciliation of net income to adjusted EBITDA for the years ended December 31, 2024 and