Q4 Revenue and Sequential Growth
Q4 2025 revenue was $5,800,000, up approximately $100,000 sequentially and essentially flat year-over-year (down ~$27,000), demonstrating stabilization after the year’s transformation efforts.
Shift to Subscription-First Model
Subscription revenue grew to 53% of total revenue in Q4 2025 versus 45% in the prior-year quarter, reflecting meaningful progress toward a recurring revenue base.
Strong ARR per Subscriber Expansion
Average recurring revenue per subscription customer increased from $10,008.44 to $12,005.34, up 16% year-over-year; ARR per subscriber rose ~8% sequentially (from $11,006.51 to $12,005.34).
Improved Gross Margin and Adjusted EBITDA
Gross margin improved to 77% in Q4 and full year 2025 (from 75%/76% in comparable periods). Adjusted EBITDA increased to $881,000 (15% of revenue) in Q4 (slightly up from $871,000) and to $3,200,000 (14% of revenue) for the full year compared to $1,800,000 (8% of revenue) in 2024.
Reduction in Reported GAAP Losses
GAAP loss from continuing operations narrowed to $509,000 ($0.13 per diluted share) in Q4 2025 from a net loss of $11,000,000 in Q4 2024; full-year loss improved to $1,600,000 ($0.40 per diluted share) versus $13,300,000 in 2024 (improvement driven largely by prior-year impairments).
Strategic Capital and Balance Sheet Actions
Company reduced debt by over 83%, ended Q4 with $3,000,000 cash on hand, executed a sublease expected to save about $80,000 per quarter, and repurchased a portion of shares under a $1,000,000 buyback plan.
Product and GTM Innovations Launched
Launched customer-facing AI editorial assistant (ACCESS Verified), real-time social monitoring across 30+ platforms, 'Kill the Report' AI reporting product, Marketplace partnerships (e.g., Hootsuite), ACCESS EDU program, and PressRelease.com — positioning for ARR expansion and broader TAM.
Customer and Go-To-Market Momentum
Total active customers reported at 12,802 (up ~4% YoY). ACCESS EDU deployed to ~2,000 students across 100+ universities; PressRelease.com drove ~100 new customers and ~$40,000 revenue in a ~4–5 week period with over 50% repurchase rate — early indicators of pipeline and conversion opportunities.