Mar. 25 at 8:10 PM
$ACCS
ACCESS Newswire reported Q4 2024 results with revenue increasing 1% to
$5.8M and gross margin maintaining at 75%.
The company recorded a significant operating loss of $(14.3M) primarily due to a
$14.15M impairment loss related to the Newswire tradename revaluation.
Key Q4 metrics include Adjusted EBITDA of
$871,000 (15% of revenue) and improved cash flow from operations at
$353,000.
Subscription customers grew to 1,124, with ARR reaching
$10,735.
For full-year 2024, total revenue decreased 6% to
$23.1M.
Notable developments include the company's rebranding to ACCESS Newswire (effective January 27, 2025) and the sale of its compliance business for
$12.5M (February 28, 2025).
Management highlighted plans to focus on improving gross margins and EBITDA through operational efficiency and subscription growth.
