on ACCESSWIRE (NASDAQ:ISDR)
ACCESS Newswire Inc. Releases 2024 Financial Results
ACCESS Newswire Inc. reported its financial results for Q4 and the full year 2024. Revenue rose by 1% to $5.8M in the fourth quarter, while adjusted EBITDA saw an increase to $871,000. Operational cash flow improved from a deficit to $353,000 over the same period last year. The compliance business was sold for $12.5M, with subscriptions increasing modestly.
The company underwent a rebranding to ACCESS Newswire Inc., effective January 27, 2025. Key financial performance for Q4 2024 included a gross margin remaining stable at 75% of revenue and an operating loss driven by a $14.2M impairment related to the Newswire brand. However, operating expenses decreased overall.
Looking ahead, ACCESS plans to focus on enhancing operational efficiency and expanding its subscription business. Management anticipates improvements in gross and EBITDA margins through strategic focus and optimization efforts.
R. E.
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