Company: ACCS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001683168-25-008214
Chunk: 38

Company: ACCESS Newswire Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 38
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 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. 

    (3)
    For the three months ended September 30, 2025, this adjustment gives effect to the loss on the change in fair value of our interest rate swap of $2,000 and non-recurring fees, including acquisition, integration and divestiture costs of $214,000.  For the nine months ended September 30, 2025, this adjustment gives effect to the loss on the change in fair value of our interest rate swap of $80,000, as well as corporate re-brand costs of $132,000 and non-recurring fees, including acquisition, integration and divestiture costs of $536,000. For the three and nine months ended September 30, 2024, this adjustment gives effect to a loss recorded on the change in fair value of our interest rate swap of $343,000 and $124,000, respectively, as well as, one-time accounting fees, termination benefits and other non-recurring or unusual expenses, including acquisition and integration expenses of $168,000 and $362,000, respectively. 

    (4)
    This adjustment gives effect to discrete items that impact income tax expense. For the three and nine months ended September 30, 2025 and 2024, this relates to additional expense associated with vesting of stock-based compensation awards.

    (5)
    This adjustment gives effect to the tax impact of all non-GAAP adjustments at the current Federal tax rate of 21%.

 30 

For the three and nine months
ended September 30, 2025 and 2024, free cash flow and adjusted free cash flow were as follows (in thousands):

    Three Months Ended September 30, 

    2025  
    2024 

    Net cash provided by operating activities of continuing operations (GAAP) 
    $(582) 
    $1,498 
  
    Payments for purchase of fixed assets and capitalized software 
     (8) 
     (140)
  
    Free cash flow from continuing operations (Non-GAAP) 
     (590) 
     1,358 
  
    Cash paid for acquisition and integration related items (1) 
     –  
     – 
  
    Cash paid for other unusual items (2) 
     172  
     11