ACCESS Newswire reports Q1 non-GAAP EPS 5c vs. (10c) last year

Reports Q1 revenue $5.5M vs. $5.6M last year. “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 (ACCS) Founder and Chief Executive Officer. “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.”