Company: ACCS
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0000843006-25-000012
Chunk: 497

Company: ACCESS Newswire Inc.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1C
Chunk 497
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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 2023 is presented in the following table (in 000’s):

  Year Ended December 31,   2024  2023   Amount  Amount        Net loss from continuing operations: $(13,281 ) $(3,441 )Adjustments:        Impairment loss on intangible assets  14,150   — Depreciation and amortization  2,928   2,788 Interest expense, net  1,107   1,249 Income tax benefit  (4,064 )  (938 )EBITDA  840   (342 )Acquisition and/or integration costs(1)  189   546 Other non-recurring expenses(2)  138   436 Stock-based compensation expense(3)  728   1,365 Adjusted EBITDA: $1,895  $2,005 

 27Table of Contents

 (1)This adjustment gives effect to one-time corporate projects, including acquisition and integration related expenses, incurred during the periods. (2)For the year ended December 31, 2024, this adjustment gives effect to a gain recorded on the change in fair value of our interest rate swap of $81,