ACCESS Newswire Reports Fourth Quarter and Full Year 2025 Results

Elevated ARR Results in Greater Gross Margins and Adjusted EBITDA

This fall 2025 income grew modestly to $5.8M in comparison with $5.7M in Q3 2025 and was unchanged in comparison with This fall 2024
Gross margin elevated to 77% in comparison with 75% in This fall 2024
This fall 2025 Adjusted EBITDA elevated to $881,000 in comparison with $871,000 in This fall 2024
Common ARR for subscriptions per buyer on the finish of the quarter was $12,534, which doesn’t embrace EDU clients, up from $10,844 as of December 31, 2024.

RALEIGH, NC / ACCESS Newswire / March 19, 2026 / ACCESS Newswire Inc. (NYSE American:ACCS), a number one communications firm, immediately reported its working outcomes for the three months and full 12 months ended December 31, 2025.

“Our This fall outcomes mirror sturdy operational self-discipline as gross margins expanded to 77% and adjusted EBITDA amounted to $0.9M, or 15% of income. Whereas we centered on a leaner enterprise, we concurrently launched Entry Verified, our AI-powered optimizer, and we anticipate to launch our social monitoring platform, with our industry-leading AI Interactive Distribution Report earlier than the top of March. Starting in Q2 2026, we anticipate producing incremental income by means of premium subscription tiers and per-release pricing for these new choices,” mentioned Brian R. Balbirnie, ACCESS Newswire’s Founder and Chief Govt Officer.

Mr. Balbirnie continued, “As the one publicly traded unbiased newswire, we imagine our agility and lean company construction are amongst our biggest aggressive benefits. Mixed with our momentum from our college program, the place over 1,800 college students throughout 60-plus universities have been educated on our ACCESS PR platform in simply the previous 90 days, we’re positioning ourselves to be the place we imagine the market goes. We entered 2026 with clear product roadmap and a stronger margin profile and plan to give attention to turning operational self-discipline into innovation, progress and sustained profitability.”

Fourth Quarter 2025 Highlights:

Income – Whole income for This fall 2025 was $5.8M, in keeping with This fall 2024 and a rise of 1% in comparison with $5.7M in Q3 2025. The rise in income in comparison with the prior quarter is primarily as a result of a rise in common income per launch because of the mixture of releases disseminated in addition to a rise in income from our webcasting enterprise.
Gross Margin – Gross margin for This fall 2025 was $4.5M, or 77% of income, in comparison with $4.4M, or 75% of income, in This fall 2024 and $4.3M, additionally 75% of income in Q3 2025. The rise in gross margin is primarily as a result of decrease worker prices as a result of optimization of our operational groups.
Working Loss – Working loss was $0.8M for This fall 2025, as in comparison with $14.3M throughout This fall 2024. The first cause for the lower in working loss was as a result of an impairment cost recorded in This fall 2024 associated to the Newswire tradename of $14.15M. Absent the impairment cost, working bills elevated $0.4M, or 10%. This improve is primarily as a result of one-time prices associated to a contract settlement in addition to elevated promoting and tradeshow bills to advertise our new branding.
Loss from persevering with operations – On a GAAP foundation, web loss from persevering with operations was $0.5M, or $0.13 per diluted share, for This fall 2025, in comparison with $10.9M, or $2.85 per diluted share, for This fall 2024. As famous, the first cause for the lower in loss from persevering with operations was because of the impairment cost recorded in This fall 2024, which was $10.7M, web of revenue tax expense.
Non-GAAP Measures – This fall 2025 EBITDA was $0.3M, or 4% of income, in comparison with $0.8M, or 13% of income, throughout This fall 2024. Adjusted EBITDA was $0.9M, or 15% of income, for This fall 2025 in keeping with This fall 2024. Non-GAAP web revenue for This fall 2025 was $0.7M, or $0.17 per diluted share, in comparison with $0.8M, or $0.21 per diluted share, throughout This fall 2024. Adjusted free-cash stream was $0.5M for This fall 2025 in comparison with $0.4M for This fall 2024.

Full 12 months 2025 Highlights:

Income – Whole income was $22.6M for the total 12 months of 2025, a 2% lower from $23.1M in the course of the full 12 months of 2024. The lower is primarily associated to a lower in income from our PRO plan merchandise and webcasting and occasions enterprise, partially offset by a rise in income from our core press launch enterprise pushed by will increase in subscriptions.
Gross Margin – Gross margin for the total 12 months of 2025 was $17.3M, or 77% of income, in comparison with $17.4M, or 76% of income, in the course of the full 12 months of 2024. As famous for the quarter, gross margin was impacted by decrease worker prices as a result of optimization of our operational groups, partially offset by elevated distribution prices as we proceed to spend money on our distribution companions.
Working Loss – Working loss was $1.9M, for 2025, as in comparison with $16.3M throughout 2024. The lower within the working loss is primarily because of the beforehand famous impairment cost of $14.15M recorded throughout 2024.
Loss from persevering with operations – On a GAAP foundation, web loss from persevering with operations was $1.6M, or $0.40 per diluted share throughout 2025, in comparison with $13.3M, or $3.47 per diluted share throughout 2024.
Non-GAAP Measures – EBITDA for full 12 months of 2025 was $1.3M, or 6% of income, in comparison with $0.8M, or 4% of income, throughout 2024. Adjusted EBITDA was $3.2M, or 14% of income, for the total 12 months of 2025 in comparison with $1.8M, or 8% of income, for 2024. Non-GAAP web revenue for the total 12 months of 2025 was $2.2M, or $0.57 per diluted share, in comparison with $0.7M, or $0.19 per diluted share, throughout 2024. Adjusted free-cash stream was $1.3M for the total 12 months of 2025 in comparison with $2.8M for 2024. Adjusted free-cash stream for 2025 included $2.2M of tax funds primarily associated to realize on sale of the compliance enterprise.

Key Efficiency Indicators:

As of December 31, 2025, we had 12,802 clients who had an energetic contract in the course of the previous twelve months.
Subscription clients elevated in the course of the quarter to 1,019, of which, 45 new subscribers got here from our EDU platform as of December 31, 2025.
Common ARR for subscriptions per buyer on the finish of the quarter was $12,534, which doesn’t embrace EDU clients, up from $10,844 as of December 31, 2024.

Non-GAAP Monetary Measures

The non-GAAP changes referenced beneath and herein relate to the exclusion of stock-based compensation, amortization of acquisition-related intangible belongings. and different bills the Firm believes to be non-recurring. A reconciliation of GAAP to non-GAAP historic monetary measures has been offered within the tables on the finish of this press launch.

Administration believes that using EBITDA from persevering with operations, Adjusted EBITDA from persevering with operations, non-GAAP web revenue (loss) from persevering with operations, non-GAAP web revenue (loss) from persevering with operations per share, free money stream and adjusted free money stream is useful to its traders. These measures, that are known as non-GAAP monetary measures, will not be ready in accordance with usually accepted accounting rules in the USA, or GAAP. Our administration makes use of these non-GAAP monetary measures as instruments for monetary and operational resolution making and for evaluating our personal working outcomes over completely different durations of time.

EBITDA from persevering with operations is calculated by excluding depreciation and amortization, curiosity expense, web, and revenue taxes from the loss from persevering with operations. Adjusted EBITDA additionally excludes sure different bills which the Firm believes to be non-recurring in addition to the achieve or loss on the change in truthful worth of our rate of interest swap. Non-GAAP web revenue (loss) from persevering with operations is calculated by excluding stock-based compensation expense and amortization expense for acquisition-related intangible belongings from loss from persevering with operations and sure different changes famous within the tables beneath. Non-GAAP web revenue (loss) from persevering with operations per share is calculated by dividing non-GAAP web revenue (loss) from persevering with operations by the weighted-average diluted shares excellent as introduced within the calculation of GAAP web revenue (loss) from persevering with operations per share. Due to various obtainable valuation methodologies, subjective assumptions and the number of fairness devices that may affect an organization’s non-cash bills, administration believes that offering non-GAAP monetary measures that exclude stock-based compensation expense permits for extra significant comparisons between its working outcomes from interval to interval. For enterprise combos, administration usually allocates a portion of the acquisition value to intangible belongings. The quantity of the allocation relies on estimates and assumptions made by administration and is topic to amortization. The quantity of buy value allotted to intangible belongings and the time period of its associated amortization can range considerably and are distinctive to every acquisition and thus administration doesn’t imagine they’re reflective of ongoing operations.

Free money stream, a non-GAAP measure, represents money stream from working actions much less buy of property and tools and capitalized software program. Adjusted free money stream additionally deducts sure money funds which the Firm imagine to be non-recurring in nature. Administration considers free money stream and adjusted free money stream to be liquidity measures that present helpful data to traders about the amount of money generated or utilized by the enterprise.

Non-GAAP monetary measures might not present data that’s straight similar to that offered by different corporations in our {industry}, as different corporations within the {industry} might calculate non-GAAP monetary outcomes in a different way. As well as, there are limitations in utilizing non-GAAP monetary measures as a result of the non-GAAP monetary measures will not be ready in accordance with GAAP, could also be completely different from non-GAAP monetary measures utilized by different corporations and exclude bills that will have a fabric affect on our reported monetary outcomes.

The presentation of non-GAAP monetary data beneath and herein will not be meant to be thought-about in isolation or as an alternative to the straight comparable monetary measures ready in accordance with GAAP. Buyers ought to overview the reconciliation of non-GAAP monetary measures to the comparable GAAP monetary measures included beneath and never depend on any single monetary measure to judge our enterprise.

RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES
($ in ‘000’s, besides per share quantities)
CALCULATION OF EBITDA & ADJUSTED EBITDA

	Three Months Ended December 31,
	2025			2024
	Quantity			Quantity

Internet loss from persevering with operations:	$	(509	)	$	(10,945	)
Changes:
Impairment		250			14,150
Depreciation and amortization		762			737
Curiosity expense, web		16			250
Revenue tax profit		(268	)		(3,422	)
EBITDA from persevering with operations		251			770
Acquisition and/or integration prices ⁽¹⁾		13			39
Different non-recurring bills (revenue), web ⁽²⁾		358			(198	)
Inventory-based compensation expense ⁽³⁾		259			260
Adjusted EBITDA from persevering with operations:	$	881		$	871

	Yr Ended December 31,
	2025			2024
	Quantity			Quantity

Internet loss from persevering with operations:	$	(1,558	)	$	(13,281	)
Changes:
Impairment loss		250			14,150
Depreciation and amortization		2,965			2,928
Curiosity expense, web		2			1,107
Revenue tax profit		(395	)		(4,064	)
EBITDA from persevering with operations		1,264			840
Acquisition and/or integration prices ⁽¹⁾		256			189
Different non-recurring bills ⁽²⁾		863			138
Inventory-based compensation expense ⁽³⁾		831			639
Adjusted EBITDA from persevering with operations:	$	3,214		$	1,806

(1)	This adjustment provides impact to one-time company initiatives, together with acquisition, divestiture and integration associated bills, incurred in the course of the durations.
(2)	For the three months ended December 31, 2025, this adjustment provides impact to non-recurring charges of $358,000. For the 12 months ended December 31, 2025, this adjustment provides impact to a loss recorded on the change in truthful worth of our rate of interest swap of $80,000, in addition to company re-brand prices of $154,000 and non-recurring charges of $629,000. For the three months ended December, 31, 2024, this adjustment primarily provides impact to a achieve or loss recorded on the change in truthful worth of our rate of interest swap. For the 12 months ended December 31, 2024, this adjustment provides impact to one-time accounting charges, termination advantages and different non-recurring or uncommon bills of $219,000, partially offset by a achieve recorded on the change in truthful worth of our rate of interest swap of $81,000.
(3)	The changes symbolize stock-based compensation expense from persevering with operations associated to awards of inventory choices, restricted inventory models, or widespread inventory in trade for providers. Though we anticipate to proceed to award inventory in trade for providers, the quantity of stock-based compensation is excluded as it’s topic to alter because of one-time or non-recurring initiatives.

CALCULATION OF NON-GAAP NET INCOME (LOSS)

	Three Months Ended December 31,
	2025						2024
	Quantity			Per diluted share			Quantity			Per diluted share

Internet loss from persevering with operations:	$	(509	)	$	(0.13	)	$	(10,945	)	$	(2.85	)
Changes:
Impairment loss ⁽¹⁾		250			0.06			14,150			3.69
Amortization of intangible belongings ⁽²⁾		619			0.16			640			0.17
Inventory-based compensation expense ⁽³⁾		259			0.07			260			0.06
Different uncommon gadgets ⁽⁴⁾		371			0.09			(159	)		(0.04	)
Tax affect of changes ⁽⁵⁾		(315	)		(0.08	)		(3,127	)		(0.82	)
Non-GAAP web revenue from persevering with operations:	$	675		$	0.17		$	819		$	0.21
Weighted common variety of widespread shares excellent – diluted		3,865						3,838

	Yr Ended December 31,
	2025						2024
	Quantity			Per diluted share			Quantity			Per diluted share

Internet loss from persevering with operations:	$	(1,558	)	$	(0.40	)	$	(13,281	)	$	(3.47	)
Changes:
Impairment loss ⁽¹⁾		250			0.06			14,150			3.70
Amortization of intangible belongings ⁽²⁾		2,501			0.65			2,559			0.67
Inventory-based compensation expense ⁽³⁾		831			0.21			639			0.16
Different uncommon gadgets ⁽⁴⁾		1,119			0.29			327			0.08
Discrete gadgets impacting revenue tax expense ⁽⁶⁾		41			0.01			38			0.01
Tax affect of changes ⁽⁵⁾		(987	)		(0.25	)		(3,712	)		(0.96	)
Non-GAAP web revenue (loss) from persevering with operations:	$	2,197		$	0.57		$	720		$	0.19
Weighted common variety of widespread shares excellent – diluted		3,859						3,829

(1)	The adjustment represents the impairment loss on right-of-use asset and leasehold enhancements because of the Firm’s sublease for the 12 months ended December 31, 2025, and intangible belongings for the 12 months ended December 31, 2024.
(2)	The changes symbolize the amortization of intangible belongings associated to acquired belongings and corporations.
(3)	The changes symbolize stock-based compensation expense from persevering with operations associated to awards of inventory choices, restricted inventory models, or widespread inventory in trade for providers. Though we anticipate to proceed to award inventory in trade for providers, the quantity of stock-based compensation is excluded as it’s topic to alter because of one-time or non-recurring initiatives.
(4)	For the three months ended December 31, 2025, this adjustment provides impact to non-recurring charges, together with acquisition, integration and divestiture prices of $371,000. For the 12 months ended December 31, 2025, this adjustment provides impact to a loss recorded on the change in truthful worth of our rate of interest swap of $80,000, in addition to company re-brand prices of $154,000 and one-time non-recurring bills, together with acquisition and/or integration bills of $885,000. For the three months and full 12 months ended December 31, 2024, this adjustment provides impact to a achieve recorded on the change in truthful worth of our rate of interest swap of $205,000 and $81,000, respectively, in addition to, one-time accounting charges, termination advantages and different non-recurring or uncommon bills, together with acquisition and/or integration bills of $46,000 and $408,000, respectively.
(5)	This adjustment provides impact to discrete gadgets that affect revenue tax expense. For the three months and full 12 months ended December 31, 2025 and 2024, this pertains to extra expense related to vesting of stock-based compensation awards.
(6)	This adjustment provides impact to the tax affect of all non-GAAP changes on the present Federal tax price of 21%.

CALCULATION OF FREE CASH FLOW AND ADJUSTED FREE CASH FLOW

	Three Months Ended December 31,
	2025			2024

Internet money offered by working actions of continuous operations (GAAP)	$	258		$	353
Funds for buy of mounted belongings and capitalized software program		(149	)		(60	)
Free money stream from persevering with operations (Non-GAAP)		109			293
Money paid for acquisition and integration associated gadgets ⁽¹⁾		22			–
Money paid for different uncommon gadgets ⁽²⁾		336			120
Adjusted free money stream from persevering with operations (Non-GAAP)	$	467		$	413

	Yr ended December 31,
	2025			2024

Internet money offered by working actions of continuous operations (GAAP)	$	558		$	3,160
Funds for buy of mounted belongings and capitalized software program		(192	)		(616	)
Free money stream from persevering with operations (Non-GAAP)		366			2,544
Money paid for acquisition and integration associated gadgets ⁽¹⁾		140			23
Money paid for different uncommon gadgets ⁽²⁾		760			219
Adjusted free money stream from persevering with operations (Non-GAAP)	$	1,266		$	2,786

(1)	This adjustment provides impact to one-time company initiatives, together with acquisition, divestiture and integration associated bills, paid in the course of the durations.
(2)	For the three months and full 12 months ended December 31, 2025, this pertains to funds associated to our company re-brand and different non-recurring charges. For the three months and full 12 months ended December 31, 2024, this adjustment provides impact to one-time accounting charges, termination advantages and different non-recurring or uncommon bills.

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About ACCESS Newswire Inc.

We’re ACCESS Newswire, a globally trusted Public Relations (PR) and Investor Relations (IR) options supplier. With a give attention to innovation, customer support, and value-driven choices, ACCESS Newswire empowers manufacturers to attach with their audiences the place it issues most. From startups and scale-ups to multi-billion-dollar world manufacturers, we guarantee your most necessary moments make an affect and resonate together with your audiences. To study extra go to http://www.accessnewswire.com.

Ahead-Trying Statements

Sure statements on this press launch are “forward-looking statements” inside the which means of Part 21E of the Securities Trade Act of 1934, as amended, and are topic to the protected harbor created thereby. These statements relate to future occasions or the Firm’s future monetary efficiency and contain identified and unknown dangers, uncertainties and different elements that will trigger the precise outcomes, ranges of exercise, efficiency or achievements of the Firm or its {industry} to be materially completely different from these expressed or implied by any forward-looking statements. Specifically, statements in regards to the Firm’s expectations, beliefs, plans, targets, assumptions, future occasions or future efficiency contained on this press launch are forward-looking statements. In some instances, forward-looking statements could be recognized by terminology resembling “might,” “will,” “may,” “would,” “ought to,” “anticipate,” “plan,” “anticipate,” “intend,” “imagine,” “commit,” “estimate,” “predict,” “potential,” “outlook,” “steering,” “goal,” “aim,” “undertaking,” “proceed to,” “assured,” or the destructive of these phrases or different comparable terminology. The forward-looking statements on this press launch embrace, amongst different issues, our expectation to launch our social monitoring platform with our industry-leading AI Interactive Distribution Report earlier than the top of March this 12 months, our anticipation of producing incremental income although premium subscription tiers and per launch pricing for our new choices starting in Q2 2026, our perception our agility and lean company construction are amongst our biggest aggressive benefits as the one publicly traded unbiased newswire, our perception we’re positioning ourselves to be the place the market goes and our plan to give attention to turning operational self-discipline into innovation, progress and sustained profitability.

Please see the Firm’s paperwork filed or to be filed with the Securities and Trade Fee at http://www.sec.gov, together with the Firm’s Annual Studies filed on Type 10-Ok, together with the Firm’s Annual Report on Type 10-Ok for the 12 months ended December 31, 2025, and Quarterly Studies on Type 10-Q, and any amendments thereto for a dialogue of sure necessary threat elements that relate to forward-looking statements contained on this report. The Firm has primarily based these forward-looking statements on its present expectations, assumptions, estimates and projections. Whereas the Firm believes these expectations, assumptions, estimates and projections are cheap, such forward-looking statements are solely predictions and contain identified and unknown dangers and uncertainties, a lot of that are past the Firm’s management. These and different necessary elements might trigger precise outcomes, efficiency or achievements to vary materially from these expressed or implied by these forward-looking statements. Any forward-looking statements are made solely as of the date hereof, and until in any other case required by relevant securities legal guidelines, the Firm disclaims any intention or obligation to replace or revise any forward-looking statements, whether or not because of new data, future occasions or in any other case.

For Additional Info:

ACCESS Newswire Inc.
Brian R. Balbirnie
(919)-481-4000
[email protected]

Hayden IR
Brett Maas
(646)-536-7331
[email protected]

Hayden IR
James Carbonara
(646)-755-7412
[email protected]

ACCESS NEWSWIRE INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in 1000’s, besides share and per share quantities)

	As of December 31,
	2025			2024
ASSETS
Present belongings:
Money and money equivalents	$	3,025		$	4,103
Accounts receivable (web of allowance for credit score losses of $1,336 and $1,059, respectively)		3,884			3,351
Different present belongings		1,513			1,234
Present belongings held on the market		–			1,338
Whole present belongings		8,422			10,026
Capitalized software program (web of collected amortization of $3,923 and $3,644, respectively)		828			934
Mounted belongings (web of collected depreciation of $669 and $914, respectively)		136			365
Proper-of-use asset – leases (See Word 10)		324			766
Different long-term belongings		73			158
Goodwill		19,043			19,043
Intangible belongings (web of collected amortization of $9,525 and $7,024, respectively)		9,475			11,976
Deferred tax asset		3,691			3,793
Non-current belongings held on the market		–			3,577
Whole belongings	$	41,992		$	50,638
LIABILITIES AND STOCKHOLDERS’ EQUITY
Present liabilities:
Accounts payable	$	1,501		$	1,423
Accrued bills		1,769			1,699
Revenue taxes payable		133			56
Present portion of long-term debt		870			4,000
Deferred income		5,265			4,743
Present liabilities held on the market		–			893
Whole present liabilities		9,538			12,814
Lengthy-term debt (web of debt low cost of $52 and $70, respectively) (see Word 6)		1,686			11,930
Deferred revenue tax legal responsibility		86			–
Lease liabilities – long-term (See Word 10)		317			668
Different long-term liabilities		20			–
Whole liabilities		11,647			25,412
Stockholders’ fairness:
Most well-liked inventory, $0.001 par worth, 1,000,000 shares licensed, no shares issued and excellent as of December 31, 2025 and 2024, respectively.		–			–
Frequent inventory $0.001 par worth, 20,000,000 shares licensed, 3,850,435 and three,838,743 shares issued and excellent as of December 31, 2025 and 2024, respectively.		4			4
Further paid-in capital		25,005			24,259
Different collected complete loss		(96	)		(178	)
Retained earnings		5,432			1,141
Whole stockholders’ fairness		30,345			25,226
Whole liabilities and stockholders’ fairness	$	41,992		$	50,638

ACCESS NEWSWIRE INC AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(in 1000’s, besides share and per share quantities)

	For the Three Months Ended						For the Yr Ended
	December 31,			December 31,			December 31,			December 31,
	2025			2024			2025			2024
	(unaudited)			(unaudited)
Revenues	$	5,799		$	5,826		$	22,619		$	23,057
Value of revenues		1,311			1,445			5,305			5,617
Gross revenue		4,488			4,381			17,314			17,440
Working prices and bills:
Normal and administrative		1,962			1,626			7,151			7,000
Gross sales and advertising bills		1,723			1,474			6,405			7,080
Product improvement		620			777			2,692			2,821
Depreciation and amortization		694			676			2,687			2,708
Impairment loss		250			14,150			250			14,150
Whole working prices and bills		5,249			18,703			19,185			33,759
Working loss		(761	)		(14,322	)		(1,871	)		(16,319	)
Curiosity expense, web		(16	)		(250	)		(2	)		(1,107	)
Different expense		–			205			(80	)		81
Loss from persevering with operations earlier than taxes		(777	)		(14,367	)		(1,953	)		(17,345	)
Revenue tax profit		(268	)		(3,422	)		(395	)		(4,064	)
Internet loss from persevering with operations		(509	)		(10,945	)		(1,558	)		(13,281	)
Revenue (loss) from discontinued operations, web of taxes		(67	)		750			5,849			2,488
Internet revenue (loss)	$	(576	)	$	(10,195	)	$	4,291		$	(10,793	)
Loss from persevering with operations – fundamental	$	(0.13	)	$	(2.85	)	$	(0.40	)	$	(3.47	)
Loss from persevering with operations – diluted	$	(0.13	)	$	(2.85	)	$	(0.40	)	$	(3.47	)
Revenue (loss) from discontinued operations – fundamental	$	(0.02	)	$	0.19		$	1.51		$	0.65
Revenue (loss) from discontinued operations – diluted	$	(0.02	)	$	0.19		$	1.51		$	0.65
Revenue (loss) per share – fundamental	$	(0.15	)	$	(2.66	)	$	1.11		$	(2.82	)
Revenue (loss) per share – absolutely diluted	$	(0.15	)	$	(2.66	)	$	1.11		$	(2.82	)
Weighted common variety of widespread shares excellent – fundamental		3,864			3,837			3,858			3,827
Weighted common variety of widespread shares excellent – absolutely diluted		3,865			3,838			3,859			3,829

ACCESS NEWSWIRE INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in 1000’s, besides share and per share quantities)

	Years Ended December 31,
	2025			2024
Money flows from working actions
Internet revenue (loss)	$	4,291		$	(10,793	)
Changes to reconcile web (loss) revenue to web money offered by working actions:
Acquire on disposal of enterprise		(8,974	)		–
Loss on impairment		250			14,150
Provision for credit score losses		1,335			1,322
Depreciation and amortization		2,993			3,095
Deferred revenue taxes		188			(3,933	)
Inventory-based compensation expense – workers and administrators		909			684
Inventory-based compensation expense – consultants		–			44
Change in truthful worth of rate of interest swap		80			(81	)
Amortization of debt issuance prices		17			17
Modifications in working belongings and liabilities:
Lower (improve) in accounts receivable		(1,080	)		(1,659	)
Lower (improve) in different belongings		512			434
Improve (lower) in accounts payable		154			224
Improve (lower) in revenue tax payable		76			45
Improve (lower) in deferred income		208			–
Improve (lower) in accrued bills and different liabilities		(401	)		(389	)
Internet money offered by working actions		558			3,160

Money flows from investing actions
Buy of mounted belongings		(20	)		(19	)
Capitalized software program		(172	)		(597	)
Proceeds from Sale of Compliance enterprise		12,000			–
Internet money offered by investing actions		11,808			(616	)

Money flows from financing actions
Cost of long-term debt (see Word 6)		(13,391	)		(4,000	)
Cost for inventory repurchase and retirement		(163	)		–
Internet money utilized in financing actions		(13,554	)		(4,000	)

Internet change in money and money equivalents		(1,188	)		(1,456	)
Money and money equivalents – starting		4,103			5,714
Forex translation adjustment		110			(155	)
Money and money equivalents – ending	$	3,025		$	4,103

Supplemental disclosures:
Money paid for revenue taxes	$	2,208		$	342
Money paid for curiosity	$	413		$	1,387