Company: ACCS
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0000843006-25-000025
Chunk: 44

Company: ACCESS Newswire Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 2
Chunk 44
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 and the added two years are at our standard subscription rates. 

 21Table of Contents

Results of Operations

Comparison of results of operations for the three months ended March 31, 2025 and 2024 (in 000’s):

  Three Months EndedMarch 31,  Percentage of Revenue   2025  2024  2025  2024              Revenues $5,476  $5,572       Cost of revenues  1,203   1,388   22 %  25%Gross margin  4,273   4,184   78 %  75%Operating Expenses:                General and administrative  1,953   1,639   36 %  29%Sales and marketing  1,594   2,071   29 %  37%Product development  733   654   13 %  12%Depreciation and amortization  670   682   12 %  12%Total operating expenses  4,950   5,046   90 %  90%Operating loss  (677)  (862)  (12)%  (15)%Interest expense, net  (204)  (284)  (4)%  (5)%Other income (expense)  (69)  205   (1)%  4%Loss before income taxes  (950)  (941)  (17)%  (17)%Income tax benefit  (185)  (158)  (3) %  (3)%Net (loss) from continuing operations $(765) $(783)  (14)%  (14)%

Revenues

Total revenue decreased $96,000, or 2%, to $5,476,000 during the three months ended March 31, 2025, as compared to $5,572,000 for the same period in 2024. The decrease in revenue is due to slight declines across our various product lines, however, revenue from our core press release business increased 1% due to an increase in volume for the quarter as compared to the prior year. 

Revenue Backlog

As of March 31, 2025, our deferred revenue balance was $5,021,