Latest news with #ACCESSNewswireInc
Miami Herald
15-05-2025
- Business
- Miami Herald
ACCESS Newswire to Present at Sidoti Micro-Cap Virtual Conference on May 21, 2025 at 10:00 a.m. ET
RALEIGH, NORTH CAROLINA / ACCESS Newswire / May 15, 2025 / (NYSE American:ACCS), an industry-leading communications company, announced today it will present at the Sidoti Micro-Cap Virtual Conference taking place May 21-22, 2025. Presentation Information Date: May 21, 2025 Time: 10:00 a.m. ET Virtual event: Webcast Link Virtual one-on-one meetings Management will be available for one-on-one meetings throughout the conference. To schedule a one-on-one meeting with management, register here or email James@ About ACCESS Newswire Inc. We are ACCESS Newswire, a globally trusted Public Relations (PR) and Investor Relations (IR) solutions provider. With a focus on innovation, customer service, and value-driven offerings, ACCESS Newswire empowers brands to connect with their audiences where it matters most. From startups and scale-ups to multi-billion-dollar global brands, we ensure your most important moments make an impact and resonate with your audiences. To learn more visit Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words "believe," "aim, " "anticipate," "estimate," "expect," "intend," "plan," "project," "prospects," "outlook," and similar words or expressions, or future or conditional verbs, such as "will," "should," "would," "may," and "could," are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance, or achievements to be materially different from any anticipated results, performance, or achievements for many reasons. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact the Company's forward-looking statements, please see the Company's Annual Report on Form 10-K for the year ended December 31, 2024, including but not limited to the discussion under "Risk Factors" therein, which the Company filed with the SEC and which may be viewed at For Further Information: ACCESS Newswire R. Balbirnie919-481-4000brianb@ Brett MaasHayden IR(646) 536-7331brett@ James CarbonaraHayden IR(646)-755-7412james@ SOURCE: ACCESS Newswire Inc.
Yahoo
15-05-2025
- Business
- Yahoo
ACCESS Newswire to Present at Sidoti Micro-Cap Virtual Conference on May 21, 2025 at 10:00 a.m. ET
RALEIGH, NORTH CAROLINA / / May 15, 2025 / (NYSE American:ACCS), an industry-leading communications company, announced today it will present at the Sidoti Micro-Cap Virtual Conference taking place May 21-22, 2025. Presentation Information Date: May 21, 2025 Time: 10:00 a.m. ET Virtual event: Webcast Link Virtual one-on-one meetings Management will be available for one-on-one meetings throughout the conference. To schedule a one-on-one meeting with management, register here or email James@ About ACCESS Newswire Inc. We are ACCESS Newswire, a globally trusted Public Relations (PR) and Investor Relations (IR) solutions provider. With a focus on innovation, customer service, and value-driven offerings, ACCESS Newswire empowers brands to connect with their audiences where it matters most. From startups and scale-ups to multi-billion-dollar global brands, we ensure your most important moments make an impact and resonate with your audiences. To learn more visit Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words "believe," "aim, " "anticipate," "estimate," "expect," "intend," "plan," "project," "prospects," "outlook," and similar words or expressions, or future or conditional verbs, such as "will," "should," "would," "may," and "could," are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance, or achievements to be materially different from any anticipated results, performance, or achievements for many reasons. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact the Company's forward-looking statements, please see the Company's Annual Report on Form 10-K for the year ended December 31, 2024, including but not limited to the discussion under "Risk Factors" therein, which the Company filed with the SEC and which may be viewed at For Further Information: ACCESS Newswire R. Balbirnie919-481-4000brianb@ Brett MaasHayden IR(646) 536-7331brett@ James CarbonaraHayden IR(646)-755-7412james@ SOURCE: ACCESS Newswire Inc. View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
Q1 2025 ACCESS Newswire Inc Earnings Call
Sean Carlos; Director of Sales; ACCESS Newswire Inc Brian Balbirnie; Chief Executive Officer; ACCESS Newswire Inc Steven Knerr; Chief Financial Officer; ACCESS Newswire Inc Jacob Stephan; Analyst; Lake Street Capital Markets Michael Crandall; Analyst; Northland Securities Operator Greetings and welcome to the ACCESS Newswire first-quarter 2025 earnings conference call. (Operator Instructions) Please note this conference is being recorded. I will now turn the conference over to your host, Mr. Sean Carlos. Sir, you may begin. Sean Carlos Welcome to ACCESS Newswire's first-quarter 2025 earnings conference call. My name is Sean Carlos, and I serve as the company's Director of Sales. I've been in the press releases and communications industry for nearly 11 years, including the past seven year at ACCESS a pleasure to be your host today. In just a moment, you'll hear from our Founder and Chief Executive Officer, Brian Balbirnie, and our Chief Financial Officer, Steve Knerr, who will walk you through the company's performance for the we begin, I'd like to read a brief version of our Safe Harbor statement. I'd like to remind you that statements made in this conference call concerning future revenues, results from operations, financial position, markets, economic conditions, product releases, partnerships, and any other statements that may be construed as a prediction of future performance or events are forward-looking statements, which may involve known and unknown risks, uncertainties, and other factors, which may cause actual results to differ materially from those expressed and implied by such results will also be discussed on the call. The company believes that the presentation of non-GAAP information provides useful supplementary data concerning the company's ongoing operations and is provided for informational purposes that said, I'd like to introduce the company's Founder and Chief Executive Officer, Brian Balbirnie, and our Chief Financial Officer, Steve Knerr. Brian. Brian Balbirnie Thank you, Sean. Your hosting today is a treat for us. I've enjoyed watching you progress over the last almost seven years. You've been a great mentor and knowledge tree for your team and our organization.I have no doubt you will continue to succeed, and we all look forward to seeing what the next seven years brings. It's exciting to go to market with you each and every of you don't know this, but Sean purchased his very own Jedi fighter helmet a while back, and he puts it on each day and now serves as his internal organization's headshot. I love seeing this, Sean. But our customers can rest assured that Sean surely takes it off before each and every call. Keep up your Jedi ability, love having a little fun here each quarter with our team. Having them host our company call also gives you a little bit of our human approach to how we work that, good morning, everyone, welcome, and thank you for taking the time to speak with Steve and I today on our first-quarter 2025 performance. Our press release, which is accessible in our newsroom, was released pre-market this morning and provides key takeaways on our performance for the delivered from Q1 were $5,476,000 compared to $5,572,000 in the first quarter last year. The 1.7% decrease in revenues were a result of less public company activity in the period. Market-driven volatility drives this customer profile to perform in this manner, something we believe will improve later this that said, our core Press Release business grew 1% in revenues and 2% further in volume. Strategically, becoming ACCESS Newswire and not a compliance and communications company was and is the right decision, as we continued to believe in the addressable market for our Public Relations subscriptions and Press Release are invigorated to see gross margin improvement, something we messaged last year that we believe would prove itself out this year. Seeing results deliver 78% gross margins, 3% higher than Q1 last year at the 75% number is something to build on. I think we're slightly ahead of pace, and we will continue to be mindful of further efficiencies to deliver at these levels without sacrificing our customer along to KPIs on customer accounts and subscriptions. In the prior quarters, as we've been transitioning to subscription-focused sales, we methods of the average reoccurring revenue, ARR, would continue to increase with guidance that by the end of the year new ARR would be $14, Q1, new subscriptions signed were $14,059, moving our average from $9,300 in Q1 last year to just over $11,139 this year in Q1. That's a 20% we look at total subscriptions, they were up 9% for the quarter compared to last year, up to 955. Keep in mind these are communications subscriptions only as we have removed all compliance related metrics as a result of the sale of that compliance business. To reaffirm, we still believe that we can get to the 1,500 subscriptions by the end of this fiscal year, something I will talk a good bit about later in the I turn the call over to Steve, though, to discuss results in more detail, I want to be sure that we intimate to our stakeholders a few obvious points. We recall from our prior year-end call last Q4 at the end of Q1 this year, the financials would be a little bit messy with discontinued operations of our compliance reduced the debt on the balance sheet by 78% as a result of the sale of compliance business. We completely rebranded our business, the product offerings, pricing strategy, and internal systems to drive this long-term growth that we're talking about reduced headcount to realign with our go-forward business, and we delivered gross margin messaging, ARR increases, and customer growth, speaking of which, also increased over [12,000] or 1% from last year. We are pleased on where we are and we have a clear focused strategy on where we are know that revenue growth is the ultimate goal, and getting the business to scale is needing and paramount. As we deliver this, we will continue to see these levels of gross margins, expanded cash flows from operations, and EBITDA percentages back to where we've seen them several quarters a lot more to talk about today, so I'll turn the call over to Steve to cover the quarter and year-end highlights. Steve. Steven Knerr Thank you, Brian, and good morning, everyone. As Brian mentioned, a lot was accomplished during the first quarter of 2025 that we believe will put us on the right path for growth in the quarters ahead. But for now, I will highlight some of the results we achieved during the first quarter of revenue was $5.5 million, a decrease of $96,000 or 2% compared to $5.6 million for the same period of 2024. The decrease was due to slight decreases across our various product lines. However, revenue from our core Press Release business increased 1% due to an increase in volume during the the quarter, we experienced an increase in our gross margin percentage, which increased to 78% during the first quarter of 2025 from 75% during the first quarter of 2024. Gross margin also increased to $4.3 million from $4.2 million. The increase in gross marginal percentage was due to optimization of our operational teams and lower to operating loss, we posted an operating loss of $677,000 for the first quarter of 2025 compared to an operating loss of $862,000 during the first quarter of 2024. In addition to higher gross margin, operating expenses decreased $96,000 to $4.95 million. The decrease was primarily due to a reduction in sales and marketing expenses as a result of lower headcount and advertising costs, partially offset by an increase in general and administrative expenses due to a one-time stock compensation benefit recorded in the first quarter of 2024 of approximately $430, a GAAP basis, we reported a loss from continuing operations of $765,000 or $0.20 per diluted share during the first quarter of 2025 compared to a net loss of $783,000 or $0.21 per diluted share during the first quarter of 2024. Income from discontinued operations net of tax increased to $6.2 million during the first quarter of 2025 compared to $644,000 in the first quarter of 2024. This increase is primarily the result of the gain on the sale of the compliance business Brian discussed to some non-GAAP metrics, EBITDA was negative $4000 for the first quarter of 2025 compared to $245,000 or 4% of revenue for the first quarter of 2024. However, adjusted EBITDA for the first quarter of 2025 increased $503,000 to $564,000 or 10% of revenue from $61,000 or 1% of revenue during the first quarter of increase is primarily due to adding back more stock compensation expense because of the benefit recorded in the first quarter of 2024 as I noted earlier. As well as adding back the loss recorded on our interest rate swap in the first quarter of 2025 compared to subtracting the gain we recorded in the first quarter of net income for the first quarter of 2025 increased $571,000 to $206,000 or $0.05 per diluted share compared to a non-GAAP net loss of $365,000 or $0.10 per diluted share in the first quarter of over to the balance sheet and cash flow statement, our deferred revenue balance, which is revenue we expect to recognize primarily over the next 12 months, increased 6% to $5 million as of March 31, 2025, compared to $4.7 million as of December 31, 2024. We also increased our cash generation from continuing operations, which amounted to $809,000 during the first quarter of 2025 compared to $77,000 during the first quarter of 2024. Adjusted free cash flow was $1,029,000 for the first quarter of 2025 compared to negative $126,000 for the first quarter of 2024.I will now turn it back over to Brian, who will provide some updates on the business, customers, subscriptions, and volumes, along with everything else we have planned for the remainder of the year. Brian. Brian Balbirnie Thank you, Steve. For the remaining time today, I'd like to speak about there and articulate our go-forward products where we see growth coming from recent winds, our product innovations, as well as further efficiencies that we can see in the reason why I wanted to go back to this is last quarter I do not think I did an adequate job putting the products together for you in each of the respective subscriptions, as well as what we keep as a result of the compliance business sale. Of the 10 individual products I highlighted last quarter and the three different subscriptions, here is how they are IR includes our Investor Relations websites, our Corporate Newsrooms, and our Quarterly Earnings Calls. ACCESS PR includes our News Distribution, our Media Monitoring, Media Database Pitching, and Corporate we have stand-alone product subscriptions that are sometimes sold as add-ons to both the ACCESS IR and ACCESS PR subscriptions. Those are our PR Optimizer, our events platform for investor meetings and annual then the two compliance products that we kept as a result of the sale was our SEDAR filings, which is directly tied to our Canadian public companies for Press Release Distribution to file with SEDAR in Canada. As well as our Incident Management Whistleblower services, which is the New York Stock Exchange subsidy product that we wanted to continue on our All ACCESS subscription is essentially a combination of both our IR and PR subscriptions that I just mentioned above. The market is telling us that by pipeline insights that all signs for the remaining part of the year and into next year will be the majority of our growth will come from our ACACESS PR subscriptions, an offering that typically starts at around $9,000 ARR, and tiers all the way up to $17,000 it down a bit more, since approximately half of our revenues that come from subscriptions today, approximately $12 million annually, about 75% of it is ACCESS PR and growing. To get to our $1,500 target number, it's going to be heavily driven by the ACCESS PR platform and its new innovations slated for this year, some of which we have talked about in the will see platform add-ons through the remaining part of the year, some of which are internal efficiencies to help drive margin and prepare us for scale and volume. That innovation was released here just a few weeks ago is referenced as our Press Release Content Validator. We believe in industry-first enhancement to our editorial process whereby editors on our team can utilize our proprietary language model to detect keywords, phrases, and our acronyms we know, our content guidelines, partnered networks, and prohibited contents, policies will will not accept automatically this information and flag it for reference by the customer and our editorial teams. We expect to see up to a 10% efficiency gain by utilizing this tool. And as we learn and allow our agents to get smarter, we expect to make this feature available to our customers in the back half of the year, whereby they can pre-validate their voice in the press release, but also utilize our enhanced version of AImee, our AI writer, to help tonality project engagements across audiences with some very innovative customer suggestive and internally developed are two of the areas that we see product innovation coming from this year and are also going to be impactful to our customer, helping solidify growth channels and differentiating our product offering in the market. We see comprehensive social interactions and messaging tonality as being the two intersections of convergence, whereby our platform can become a centralized communications ecosystem for our company's message that is distributed beyond just a press release and into more of a focused medium selection of a storytelling is, IR, PR, and Corp Comm are all utilizing social mediums, content scheduling platforms, AI engines, hopefully secure closed platforms, and not open LLM, unsecured data systems, and press release services like ours to tell their story. We envision a storytelling platform whereby our customer can create a message, enrich it with our system, post, target, and monitor each medium performance and outcome using our All ACCESS are excited about these back half of the year developments and what they will mean for our customers and our ability to gain further market share. Customers that recognize this product roadmap are buying into our subscription recent wins during the first quarter continued and the momentum of customer growth, further securing large brands and cross-selling current brands. Our ACCESS IR offerings saw big brand wins like UPS for the quarter. Our All ACCESS platform saw upsell value-driven deals from companies like BlackBerry, and our ACCESS PR not only saw growth, it also saw big brand wins from Konica Minolta and even the Chicago White that we touched on earlier in the call, our PR volumes and revenues continue to grow for the quarter, a trend that will continue and further expand as we move through the market as the number three volume player. Something that we want to be sure that is known, although we are continuing to grow volumes and revenues in our PR industry is retracting both in revenues and volumes, whereas our growth, we are seeing pipeline pricing improvements in the number of inbound customers interested almost at an all-time high. Not to mention, we have fielded a good bit of interest in the market with very acquisitive tones that will likely bode well for us as we continue to execute on our growth and something else I am personally excited about, our product and dev teams are spending some time with the business initiative we have that is to narrate a story in an auditorial format that brings to life one's views, missions, and storytelling into a near real-time spokesperson-ish kind of way. This incorporated technology advancement will be industry-first advancement and for the reasons I will be a little brief here today if you don't mind, but I am super crazed about the possibilities and look forward to showing you a demo on our next we continue to move forward, we are emerging a very focused, lean communications business led by our subscription platform and our first growth market news distribution brand. Our new name, our new strategy, and compelling go to market plans is setting us up to emerge in 2025 as the leader in the space, illustrating growth in our customer accounts, revenues, gross margins, and earnings power, as well as continued cash flow from closing, last quarter, I said we anticipate over the next couple of years, we will derive the majority of our revenues from reoccurring subscriptions. Our goal was to reach 75% by the end of believe that we are far ahead of this and we will be very close by the end of this year. Far ahead of our initial projections like gross margin improvement and customer accounts and ARR, we are built to deliver on our guidance, and now we need to show the top line that can also continue this similar always, it's nice spending time with you today to talk and discuss our results with the quarter. Operator, can we please go ahead with the Q&A portion of the call? Operator (Operator Instructions) Jacob Stefan, Lake Street. Jacob Stephan On the gross margin, can you just give us a little bit better sense on maybe some of these efficiencies you're seeing? Obviously, nice outperformance in the quarter, but how do you expect the gross margins to trend throughout the year? Brian Balbirnie As Steve highlighted in some of his prepared remarks, a little bit of the gross margin improvement came from staff realignments on the top line of the business as we prepared to exit the compliance business. And really hone in on what scale could look like for our communications-focused go-forward the second component is what I touched on, is this PR analyzer product internally that we're using as a compliance check. It gives our editors more time to focus on articles, handle volumes greater than what they had in the so we're able to see some efficiency gains there, as we continue to approve it. I think they used the word agent. It really meant like AI agents and AI bots that are running in the background to continually find new things that can advance that we expect that even to don't see pricing pressures in the market. If anything, we see less in price both on a pay-as-you-go basis as well as bundle subscriptions moving up market. So we've got some insulation on top line. It's just now becomes a scale game, but we really do believe between 75% and 78% of where we'll see the remaining quarters. Jacob Stephan Okay, very helpful. And then next one maybe, dissect a little bit on the new subscribers and being onboarded at $14,000 plus ARR, is that more of a function of a change in pricing or is it more product uptake? Brian Balbirnie It's a combination of both, really. We've done well as I highlighted, we've got groups like BlackBerry coming back into the platform to trade up. I've been using this nomenclature inside the organization about trade up and trade doing a really good job of customers trading up, right, meaning they're buying an introductory or a small platform, and they're coming back within the year to upgrade. BlackBerry is a great example of that. There's many others that are causing less than then secondarily, we see the trade in. How do we get customers to come into our product platform from the competitive landscape that's out there, meaning they buy three or four or five vendors, consolidate to one. We're seeing those prices start to commit at a higher rate as it also does impact having large accounts with a much disproportionate ARR in the top line, but we're seeing it across all areas, which is a good indicator to us that the stickiness of the product platform is starting to happen within the customer base. We've invested heavily in our customer experience love our customer more, as we say, to get in and show them the demonstrated values of each of the components and how they use them across all their mediums. And we think that's starting to progress for us, which will ultimately help on retention and attrition and everything else. Jacob Stephan Okay, thanks. Maybe just one more, On UPS, BlackBerry White Sox, obviously, some big brand name wins here, but what's the sales cycle like here? How different is it from, maybe, onboarding a smaller public company? How are these customers finding out about ACCESS? Brian Balbirnie Yeah, the rebrand of our business has really driven home traffic and volume inbound interest. Just from, if we purchase in a couple of different ways, from a traffic perspective, we're driving about 2.5 times to 3 times more traffic to our platform, which means both customer login traffic as well as eyeballs; people like you and I reading news articles every day, which means increased engagement for our customers, which is good stickiness for customers for this market is really, over the past couple of years, changed significantly. I think like many other industries and verticals, is that the customer is educated. They're doing their research before they come inbound, before they make the call, or before we even contact them. They know what they want, they know how they want it, and they know what price point they need to be large accounts, actually, from an initial touch to close, are sometimes just as quick as the small. The only difference is once you get past the decision maker, you then have the back-office compliance of SOC 2 and security concerns and everything else that you've got to go through for vendor management, which takes a little the contact, the demo to proposal to close, in many cases is very similar. A lot of them are one call closes on the small side, and the larger cap, mega cap companies tend to be three to four call closes with a couple of meetings in we're seeing the sales cycle shorten, to part of your point, whereas, we could then start to see some velocity in this. And we continue our marketing and branding, and our sales teams continue to work those accounts, we should begin to see a lot more of those large numbers happen for us in the back half of this year. Jacob Stephan Got it. Very helpful. I appreciate it guys. Operator (Operator Instructions) Mike Crandall, Northland Securities. Michael Crandall A question about, you said in the quarter the subscriptions you signed averaged $14,000, and prior to the quarter they averaged $9000. Is there a typical -- what is a $14,000 customer look like versus a $9000 customer? Is there a common package they purchased? Is it a longer-term? And just help us understand the difference if you will. Brian Balbirnie Q1 last year was $9,000 and change, and that number, if you guys go back in history, and I can put an update to the slide deck on our investor presentation to show the progression of this every quarter, it's continued to increase. And we messaged two quarters ago, $14,000 VR averaging (technical difficulty) the deals and by the end of 2025, and a lot of folks were questioning whether or not we could deliver to your point, we've done it by targeted distribution. It drives value. So the ACCESS PR subscription product platform, which is our leading subscription product, is made up of Media Database, Pitching Analytics, and News on, when we started selling that product before we rebranded, we were selling it to much more of a smaller business that was buying a budget product. And budget was budget distribution. So it didn't really go everywhere that you'd expect, like a national or a premium or a North American press early, not the early adopters, but now the adopters are buying the subscription today are buying into more of a North American premium or a US premium product that rises the price and limits the number of releases they can do. So we're seeing that ARR so, I think at the end, and Steve, keep me honest here, at the end of Q3 last year, we were about $11,000 fans. We ended Q4, about $12,000 unchanged, meaning the deal signed in the quarter averaged that. And in Q1, they're already at $14, so to be fair to that number, we believe we can continue to drive ARR higher on product expansion adjacencies. Things like we talked about social integration, things that we talked about with tonality checking and optimization, and then the third item that I briefly touched on, which is a very auditorial product that will be added to this in the back half of this we do also think about having a lower entry point subscription product that could drive significant volume of subscribers. And so we want to balance this. We're not going to come off of our $14,000 number this year guidance and go beyond, but we may think about next year having a more entry level many other subscription-based businesses do, you've got an entry point that you can get tens of thousands of customers to come in for a very small amount. So we're keeping our eye focused, but for today, we believe we're going to continue this progression and continue to add on, which could further drive this $14,000 number. Michael Crandall Got it. So it's been, add-ons have driven it, but also some a repackaged a little bit as a premium product. Are those the two biggest drivers, if I heard you right? Brian Balbirnie That's correct, yes. Michael Crandall And then how should we think about, you know, you have 955 subscribers, 12,000 customers if I read it right, how are you targeting those 11,000 that aren't on a subscription? Brian Balbirnie Yeah there is targeted messaging that goes to that group and so we examined the group from the cohort of what do they offer in the opportunity for us to convert them? What do they have as a package price today?So here's an example, we have hundreds and hundreds of customers, likely thousands that are buying what we have called in the past a value pack or a bundle of press releases. This is the good and the bad about the press release industry, and that you can get a lot of companies to purchase at a discount, a committed number of press releases. And you take the money up front or -- but you get to recognize the revenue as they use the press releases, which then causes it to be a little seasonal and lumpy, and not consistent like in our focused in on those customers spending kind of $3,000 to $6000 and moving them to a subscription product. We talked about this a couple of quarters ago. That was where our initial ACCESS PR, what we call Media Suite at the beginning was really found success.70% of the subscriptions we sold in Q3 last year came from existing customers. And we used a $5,000 to $9000 rate dollar value to convert those customers. And so now we're going to come down market a little bit and saturate those customers. And so we believe that there's another 600 plus potential customers that we can get to convert based on their current spend and based on the add-ons they'll get to drive to our 1,500 number and beyond and I think answers and ties into your prior question is how do we drive volume there? So we think about a lower-end subscription because there are thousands of customers that come in and buy a press release, right? And so they may spend $500 or $600 once and they have nothing else to talk so we want to figure out ways to drive those customers because that is going to be the key here next year as we can continue to brand and market. We get 5 to 10 of these folks every single day coming in and buying a press release. What can we do to convert them into something that's more of a recurring model? Michael Crandall Sure. And then hey, just lastly, where is headcount today versus say, maybe, I don't know, year-end '23? Brian Balbirnie Yeah, it's probably an estimate number I'd give you. We're likely about 100 today. We're probably down from 120, 125 from the prior reference period. Some of the reduction obviously is members of the compliance division went with the business and then others were just areas of the organization because of the transaction we were able to lean up and become more efficient; IT, HR, back-office kinds of believe we're at a good headcount, G&A wise. We do want to spend and invest in sales and marketing. We read our (technical difficulty) here shortly and like we can pick it up from the 8-K filed with the earnings press release already this had a reduction in sales and marketing as we approached to rebrand. We really wanted to be careful of how much we're investing in sales as we were changing a bunch of brand names and product now that we've gotten that behind us, we've got likely two to three new sales people to be added this quarter. We're rounding out interviews now. We've got additional marketing headcount coming in as well. So we want to invest in those areas because it's going to help accelerate this business even more but call it around 100 today compared to the 125. Michael Crandall Okay, fair. Thanks a lot. Good luck this (multiple speakers) Operator (Operator Instructions) Okay, as we have no further questions on the lines at this time, I'd like to turn the call back over to Mr. Balbirnie for any closing comments. Brian Balbirnie Ali, thank you. Sean, thank you. Steve and I also appreciate everyone spending time with us this morning to talk about the Q1 results. A copy of this transcript and the presentation that we shared with you today will be available at our Investor Relations website here shortly. For reference, it's and I, as always, are available for follow-up calls. We look forward to talking to you again as always in the future. Thank you. Have a great day. Operator Thank you. Ladies and gentlemen, this does conclude today's call, and you may disconnect your lines at this time. And we thank you for your participation. Sign in to access your portfolio
Yahoo
13-05-2025
- Business
- Yahoo
ACCESS Newswire Inc. (ACCS) Q1 Earnings and Revenues Miss Estimates
ACCESS Newswire Inc. (ACCS) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -61.54%. A quarter ago, it was expected that this company would post earnings of $0.23 per share when it actually produced earnings of $0.21, delivering a surprise of -8.70%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. ACCESS Newswire Inc. , which belongs to the Zacks Media Conglomerates industry, posted revenues of $5.48 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 7.50%. This compares to year-ago revenues of $6.96 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. ACCESS Newswire Inc. Shares have added about 0.7% since the beginning of the year versus the S&P 500's decline of -0.6%. While ACCESS Newswire Inc. Has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for ACCESS Newswire Inc. Mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.22 on $6.34 million in revenues for the coming quarter and $0.70 on $24.34 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Media Conglomerates is currently in the top 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Reservoir Media, Inc. (RSVR), another stock in the same industry, has yet to report results for the quarter ended March 2025. This company is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Reservoir Media, Inc.'s revenues are expected to be $40.94 million, up 4.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ACCESS Newswire Inc. (ACCS) : Free Stock Analysis Report Reservoir Media, Inc. (RSVR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Miami Herald
13-05-2025
- Business
- Miami Herald
ACCESS Newswire Reports First Quarter 2025 Results
Revenue decreased 2% to $5.5M compared to $5.6M in Q1 2024Adjusted EBITDA increased $503,000 to $564,000 compared to $61,000 in Q1 2024Cash flow from operations increased to $809,000 from $77,000 in Q1 2024Rebranded to ACCESS Newswire Inc, effective January 27, 2025Compliance business was sold for $12.5M on February 28, 2025Subscriptions increased to 955 from 874 in Q1 2024 RALEIGH, NC / ACCESS Newswire / May 13, 2025 / ACCESS Newswire Inc. (NYSE American:ACCS) (the "Company"), a leading communications company, today reported its operating results for the three months ended March 31, 2025. "There has been a lot of activity in the first quarter of this year, and we're pleased to report a significant increase in Adjusted EBITDA, gross margins and continued positive cash flow from operations. We believe the sale of our Compliance business, which closed at the end of February, positions us well as a focused, standalone Communications platform subscription company - just as we've outlined in our strategic goals. As we move past the Compliance business transition, we can fully turn our attention to our Communication's business growth, product innovation, and further aligning toward our goal of having 75% of our revenue come from subscription customers by the end of 2025," said Brian R. Balbirnie, ACCESS Newswire's Founder and Chief Executive Officer. Mr. Balbirnie concluded, "Over the past several months, we've communicated that the shifts in customer counts, revenue, and subscriptions during Q1 would begin to stabilize by quarter's end-and that has proven true. Excluding the impact of compliance subscription customers, we achieved net subscription growth of 9% for the quarter compared to the prior year. While that's not yet where we want to be, we believe it sets the stage for faster growth in the quarters ahead. I also want to recognize the incredible efforts of our teams, who have driven meaningful progress in internal efficiencies and product innovation-we're genuinely excited about the direction our platform is heading." First Quarter 2025 Highlights: Non-GAAP Measures - Q1 2025 EBITDA was $(4,000), compared to $245,000, or 4% of revenue, during Q1 2024. Adjusted EBITDA was $564,000, or 10% of revenue, for Q1 2025 compared to $61,000, or 1% of revenue, for Q1 2024. Non-GAAP net income for Q1 2025 was $206,000, or $0.05 per diluted share, compared to a loss of $365,000, or $0.10 per diluted share, during Q1 2024. Adjusted free-cash flow was $1,029,000 for Q1 2025 compared to $(126,000) for Q1 2024. Key Performance Indicators: Average ARR for subscriptions per customer at the end of the quarter was $11,139, up from $9,300 as of March 31, 2024. Non-GAAP Financial Measures The non-GAAP adjustments referenced herein relate to the exclusion of stock-based compensation, amortization of acquisition-related intangible assets. and other expenses the Company believes to be non-recurring. A reconciliation of GAAP to non-GAAP historical financial measures has been provided in the tables at the end of this press release. We believe that the use of EBITDA from continuing operations, Adjusted EBITDA from continuing operations, non-GAAP net income (loss) from continuing operations, non-GAAP net income (loss) from continuing operations per share, free cash flow and adjusted free cash flow is helpful to its investors. These measures, which are referred to as non-GAAP financial measures, are not prepared in accordance with generally accepted accounting principles in the United States, or GAAP. Our management uses these non-GAAP financial measures as tools for financial and operational decision making and for evaluating our own operating results over different periods of time. EBITDA from continuing operations is calculated by excluding depreciation and amortization, interest expense, net, and income taxes from the loss from continuing operations. Adjusted EBITDA also excludes certain other expenses which the Company believes to be non-recurring as well as the gain or loss on the change in fair value of our interest rate swap. Non-GAAP net income (loss) from continuing operations is calculated by excluding stock-based compensation expense and amortization expense for acquisition-related intangible assets from loss from continuing operations and certain other adjustments noted in the tables below. Non-GAAP net income (loss) from continuing operations per share is calculated by dividing non-GAAP net income (loss) from continuing operations by the weighted-average diluted shares outstanding as presented in the calculation of GAAP net income (loss) from continuing operations per share. Because of varying available valuation methodologies, subjective assumptions and the variety of equity instruments that can impact a company's non-cash expenses, we believe that providing non-GAAP financial measures that exclude stock-based compensation expense allows for more meaningful comparisons between its operating results from period to period. For business combinations, we generally allocate a portion of the purchase price to intangible assets. The amount of the allocation is based on estimates and assumptions made by our management and is subject to amortization. The amount of purchase price allocated to intangible assets and the term of its related amortization can vary significantly and are unique to each acquisition and thus we do not believe they are reflective of ongoing operations. Free cash flow, a non-GAAP measure, represents cash flow from continuing operating activities less purchase of property and equipment and capitalized software. Adjusted free cash flow also deducts certain cash payments which the Company believe to be non-recurring in nature. We consider free cash flow and adjusted free cash flow to be liquidity measures that provide useful information to investors about the amount of cash generated or used by the business. Non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies in our industry, as other companies in the industry may calculate non-GAAP financial results differently. In addition, there are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with GAAP, may be different from non-GAAP financial measures used by other companies and exclude expenses that may have a material impact on our reported financial results. The presentation of non-GAAP financial information is not meant to be considered in isolation or as a substitute for the directly comparable financial measures prepared in accordance with GAAP. Investors should review the reconciliation of non-GAAP financial measures to the comparable GAAP financial measures included below and not rely on any single financial measure to evaluate our business. RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES($ in '000's, except per share amounts)CALCULATION OF EBITDA & ADJUSTED EBITDA (1) This adjustment gives effect to one-time corporate projects, including acquisition and integration expenses, incurred during the periods.(2) For the three months ended March 31, 2025, this adjustment gives effect to the change in fair value of our interest rate swap of $69,000 as well as corporate re-brand costs of $132,000 and non-recurring accounting fees of $35,000. For the three months ended March 31, 2024, this adjustment gives effect to the change in fair value of our interest rate swap of $205,000, partially offset by non-recurring accounting costs of $35,000.(3) The adjustments represent stock-based compensation expense from continuing operations related to awards of stock options, restricted stock units, or common stock in exchange for services. Although we expect to continue to award stock 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. For the three months ended March 31, 2024, this amount includes a benefit as a result of the resignation of an executive officer. CALCULATION OF NON-GAAP NET INCOME (LOSS) 1) The adjustments represent the amortization of intangible assets related to acquired assets and companies.2) The adjustments represent stock-based compensation expense from continuing operations related to awards of stock options, restricted stock units, or common stock in exchange for services. Although we expect to continue to award stock 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. For the three months ended March 31, 2024, this amount includes a benefit as a result of the resignation of an executive officer.3) For the three months ended March 31, 2025, this adjustment reflects the change in fair value of our interest rate swap of $69,000, one-time corporate projects, including acquisition, divestiture and integration costs of $129.000, corporate re-brand costs of $132,000 and non-recurring accounting fees of $35,000. For the three months ended March 31, 2024, this adjustment gives effect to the change in fair value of our interest rate swap of $205,000, partially offset by one-time corporate projects, including acquisition and integration expenses, incurred during the period of $100,000.4) This adjustment gives effect to the tax impact of all non-GAAP adjustments at the current Federal rate of 21%.5) This adjustment gives effect to discrete items that impact income tax expense. For the three months ended March 31, 2025 and 2024, this relates to additional expense associated with vesting of stock-based compensation awards. CALCULATION OF FREE CASH FLOW AND ADJUSTED FREE CASH FLOW 1) This adjustment gives effect to one-time corporate projects, including acquisition and integration expenses, paid during the periods.2) For the three months ended March 31, 2025, this relates to payments related to our corporate re-brand and other non-recurring accounting fees. For the three months ended March 31, 2024, this relates to payments for non-recurring accounting fees during the period. Conference Call Information To participate in this event, dial approximately 5 to 10 minutes before the beginning of the call. Conference Call Replay Information The replay will be available beginning approximately 1 hour after the completion of the live event. About ACCESS Newswire Inc. We are ACCESS Newswire, a globally trusted Public Relations (PR) and Investor Relations (IR) solutions provider. With a focus on innovation, customer service, and value-driven offerings, ACCESS Newswire empowers brands to connect with their audiences where it matters most. From startups and scale-ups to multi-billion-dollar global brands, we ensure your most important moments make an impact and resonate with your audiences. To learn more visit Forward-Looking Statements Certain statements in this press release are "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. These statements relate to future events or the Company's future financial performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the Company or its industry to be materially different from those expressed or implied by any forward-looking statements. In particular, statements about the Company's expectations, beliefs, plans, objectives, assumptions, future events or future performance contained in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as "may," "will," "could," "would," "should," "expect," "plan," "anticipate," "intend," "believe," "commit," "estimate," "predict," "potential," "outlook," "guidance," "target," "goal," "project," "continue to," "confident," or the negative of those terms or other comparable terminology. The forward-looking statements in this press release include, among other things, our belief that the sale of our Compliance business positions us well as a focused standalone Communications platform subscription company, our goal of having 80% of our revenue come from subscription customers by the end of 2025 and our belief that the stage has been set for faster growth in the quarters ahead. Please see the Company's documents filed or to be filed with the Securities and Exchange Commission at including the Company's Annual Reports filed on Form 10-K, including the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and Quarterly Reports on Form 10-Q, and any amendments thereto for a discussion of certain important risk factors that relate to forward-looking statements contained in this report. The Company has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Company believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond the Company's control. These and other important factors may cause actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Any forward-looking statements are made only as of the date hereof, and unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For Further Information: ACCESS Newswire R. Balbirnie(919)-481-4000brianb@ Hayden IRBrett Maas(646)-536-7331brett@ Hayden IRJames Carbonara(646)-755-7412james@ ACCESS NEWSWIRE INC. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS(in thousands, except share and per share amounts) ACCESS NEWSWIRE INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS(UNAUDITED)(in thousands, except share and per share amounts) ACCESS NEWSWIRE INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED)(in thousands) SOURCE: ACCESS Newswire Inc.
