Company: ACCS
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0000843006-25-000025
Chunk: 49

Company: ACCESS Newswire Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 2
Chunk 49
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 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 $205,000, partially offset by non-recurring accounting costs of $35,000.  (3)The adjustments represent stock-based compensation expense from continuing operations related to awards of stock options, restricted stock units, or common stock in exchange for services. Although we expect to continue to award stock in exchange for services, the amount of stock-based compensation is excluded as it is subject to change as a result of one-time or non-recurring projects. For the three months ended March 31, 2024, this amount includes a benefit as a result of the resignation of an executive officer.

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