ACCESS Newswire Reports First Quarter 2026 Results
Rhea-AI Summary
ACCESS Newswire (NYSE:ACCS) reported Q1 2026 revenue of $5.3M, down 8% sequentially and 3% year over year, with 74% gross margin and a $0.7M operating loss.
According to ACCESS Newswire, Adjusted EBITDA was $0.6M (11% margin), non-GAAP net income was $0.4M ($0.11 per diluted share), and operating cash flow was $0.9M. Subscription customers reached 1,119, and average subscription ARR per customer rose to $12,803.
AI-generated analysis. Not financial advice.
Positive
- Average subscription ARR per customer increased to $12,803 from $11,139 year over year
- Subscription customers reached 1,119, including 115 EDU subscribers, with 180 new subscribers added in Q1 2026
- Customer subscription retention improved to 92% compared with the high 80s a year earlier
- Adjusted EBITDA from continuing operations was $0.6M, or 11% of revenue, in Q1 2026
- Non-GAAP net income from continuing operations rose to $0.4M, or $0.11 per diluted share, from $0.2M
- Net cash provided by operating activities increased to $871,000 from $747,000 in Q1 2025
- Total operating costs excluding depreciation and amortization declined $258,000, or 6%, year over year
- G&A expenses were $1.78M in Q1 2026, down $172,000 from Q1 2025
Negative
- Q1 2026 revenue declined to $5.3M, down 8% from Q4 2025 and 3% from Q1 2025
- Gross margin fell to 74% in Q1 2026 from 78% in Q1 2025
- Q1 2026 operating loss was $0.7M, consistent with Q1 2025 despite lower revenue
- GAAP net loss from continuing operations was $0.6M, or $0.16 per diluted share, in Q1 2026
- Revenue decreases were driven by ProPlan customer attrition and lower webcasting and events revenue from resellers
Key Figures
Market Reality Check
Peers on Argus
ACCS fell 3.82% while peers were mixed: ABLV +38.16%, SWAG +6.96%, MCTR +0.65%, and WIMI/FLNT slightly negative, pointing to a stock-specific reaction.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 19 | Q4/FY 2025 earnings | Positive | -2.4% | Q4 and 2025 results with higher gross margin and stronger adjusted EBITDA. |
| Nov 11 | Q3 2025 earnings | Positive | +5.3% | Q3 2025 showed stronger profitability and higher adjusted EBITDA on flat revenue. |
| Aug 12 | Q2 2025 earnings | Neutral | -0.8% | Q2 2025 mixed results with revenue uptick and improved adjusted EBITDA efficiency. |
| May 13 | Q1 2025 earnings | Neutral | +0.2% | Q1 2025 mixed results, higher adjusted EBITDA and ARR but lower revenue. |
| Mar 25 | Q4/FY 2024 earnings | Neutral | +3.2% | Q4 2024 results with steady revenue, strong adjusted EBITDA and large impairment. |
Earnings releases often highlight improving EBITDA and ARR, but price reactions have been mixed, with one notable selloff on otherwise constructive Q4 2025 results.
Over the past five earnings reports, ACCESS Newswire has consistently delivered revenue in the $5.5M–$5.8M range while improving profitability metrics like adjusted EBITDA and non-GAAP net income. Average ARR per subscription customer has risen steadily from $10,735 in Q4 2024 to $12,534 in Q4 2025, and now to $12,803 in Q1 2026. Despite these operational gains, share-price reactions around earnings have alternated between modest gains and declines, suggesting investors scrutinize revenue trends and margins as much as efficiency gains.
Historical Comparison
In the last five earnings releases, ACCS moved an average of ±1.1%. Today’s -3.82% reaction to Q1 2026 results is a larger-than-usual, more negative response versus prior quarters.
Earnings reports show revenue holding in the mid‑$5M range while adjusted EBITDA and non‑GAAP net income trend higher. Subscription ARR per customer has climbed from about $10.7K in 2024 to $12.8K in Q1 2026, highlighting the shift toward a higher-value subscription base despite episodic revenue softness.
Market Pulse Summary
This announcement highlights mixed Q1 2026 results: revenue declined to $5.3M and gross margin slipped to 74%, but adjusted EBITDA held at $564,000 and cash flow from operations rose to $871,000. Subscription metrics remained strong, with average ARR per customer climbing to $12,803 and retention reaching 92%. Investors may watch future quarters for revenue re-acceleration, margin stabilization, and continued growth in high-value subscription ARR.
Key Terms
adjusted EBITDA financial
EBITDA financial
non-GAAP financial
free cash flow financial
interest rate swap financial
restricted stock units financial
RSUs financial
Change in Control regulatory
AI-generated analysis. Not financial advice.
Average ARR and cashflow from operations continue to increase while Adjusted EBITDA remains positive
Average ARR for subscriptions per customer at the end of Q1 2026 was
$12,803 , up from$11,139 at the end of Q1 2025Q1 2026 Adjusted EBITDA remained consistent at
$564,000 compared to Q1 2025Q1 2026 revenue decreased to
$5.3M compared to$5.8M in Q4 2025 and$5.5M in Q1 2025Gross margin decreased to
74% compared to78% in Q1 2025Cash flow from operations increased to
$871,000 compared to$258,000 in Q4 2025 and$747,000 in Q1 2025
RALEIGH, NC / ACCESS Newswire / May 12, 2026 / ACCESS Newswire Inc. (NYSE American:ACCS), a leading communications company, today reported its operating results for the three months ended March 31, 2026.
"Our Q1 results demonstrated evidence of the strength of our subscription foundation," said Brian R. Balbirnie, ACCESS Newswire's Founder and Chief Executive Officer. "We closed the quarter with 1,119 total subscriptions, adding 180 new subscribers during the period pushing average ARR subscription revenue per customer to
"Our financial discipline is translating into tangible results. Total operating costs not including depreciation and amortization declined
Mr. Balbirnie continued, "We entered Q1 with a full new product suite in commercialization and the early results are exactly what we anticipated. ACCESS Verified, our AI-powered editorial assistant, is live and receiving positive customer feedback, delivering meaningful time savings and content confidence that no other wire service can match. Our dynamic MCP (Model Context Protocol) analytics report is live and already showing customers the difference between real-time and transparent performance intelligence reports compared to the legacy reports they have relied on for years. And lastly, we believe our new Social Monitoring platform addition will help us deliver on our ARR goals by the end of 2026."
First Quarter 2026 Highlights:
Revenue - Total revenue for Q1 2026 was
$5.3M , a decrease of8% compared to$5.8M in Q4 2025 and a decrease of3% compared to$5.5M in Q1 2025. The decrease in revenue compared to the prior quarter is primarily due to a2% decrease in volume from our core press release business and a decrease in revenue per release due to the type of release being issued. The decrease in revenue from Q1 2025 is due to a decrease in revenue from our ProPlan products due to customer attrition and webcasting and events business due to lower revenue from resellers.Gross Margin - Gross margin for Q1 2026 was
$4.0M , or74% of revenue, compared to$4.5M , or77% of revenue, in Q4 2025 and$4.3M , or78% of revenue in Q1 2025. The decrease in gross margin is primarily due to lower revenue in Q1 2026 as compared to the other periods as well as an increase in distribution costs compared to Q1 2025.Operating Loss - Operating loss was
$0.7M for Q1 2026, consistent with Q1 2025. This was despite the decrease in gross margin and is due to lower operating expenses. The decrease in operating expenses is primarily due to lower bad debt expense, as well as, higher capitalized research and development costs related to the new products released during Q1 2026.Loss from continuing operations - On a GAAP basis, net loss from continuing operations was
$0.6M , or$0.16 per diluted share, for Q1 2026, compared to$0.8M , or$0.20 per diluted share, for Q1 2025. The decrease in net loss from continuing operations was primarily related to a decrease in interest expense as a result of the pay down of outstanding debt in February 2025, as a result of the sale of the compliance business.Non-GAAP Measures - EBITDA was breakeven for both Q1 2026 and 2025. Adjusted EBITDA was
$0.6M , or11% of revenue, for Q1 2026 compared to$0.6M , or10% of revenue for Q1 2025. Non-GAAP net income for Q1 2026 was$0.4M , or$0.11 per diluted share, compared to$0.2M , or$0.05 per diluted share, during Q1 2025. Adjusted free cash flow was just under$1.0M for both Q1 2026 and Q1 2025.
Key Performance Indicators:
As of March 31, 2026, we had 13,786 customers who had an active contract during the past twelve months.
Subscription customers increased during the quarter to 1,119, inclusive of 115 subscribers from our EDU platform as of March 31, 2026.
Average ARR for subscriptions per customer at the end of the quarter was
$12,803 which does not include EDU customers, up from$11,139 as of March 31, 2025.
Non-GAAP Financial Measures
The non-GAAP adjustments referenced below and 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.
Management believes 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, management believes 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, management generally allocates a portion of the purchase price to intangible assets. The amount of the allocation is based on estimates and assumptions made by 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 management does not believe they are reflective of ongoing operations.
Free cash flow, a non-GAAP measure, represents cash flow from 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. Management considers 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 below and herein are 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
Three Months Ended March 31, | ||||||||
2026 | 2025 | |||||||
Amount | Amount | |||||||
Net loss from continuing operations: | $ | (611 | ) | $ | (765 | ) | ||
Adjustments: | ||||||||
Depreciation and amortization | 716 | 742 | ||||||
Interest expense, net | 38 | 204 | ||||||
Income tax benefit | (121 | ) | (185 | ) | ||||
EBITDA from continuing operations | 22 | (4 | ) | |||||
Acquisition and/or integration costs (1) | - | 129 | ||||||
Other non-recurring expenses (2) | 278 | 236 | ||||||
Stock-based compensation expense (3) | 264 | 203 | ||||||
Adjusted EBITDA from continuing operations: | $ | 564 | $ | 564 | ||||
(1) | This adjustment gives effect to one-time corporate projects, including acquisition, divestiture and integration related expenses, incurred during the periods. |
(2) | For the three months ended March 31, 2026, this adjustment reflects the gain on the change in fair value of our interest rate swap of |
(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. |
CALCULATION OF NON-GAAP NET INCOME
Three Months Ended March 31, | ||||||||||||||||
2026 | 2025 | |||||||||||||||
Amount | Per diluted share | Amount | Per diluted share | |||||||||||||
Net loss from continuing operations: | $ | (611 | ) | $ | (0.16 | ) | $ | (765 | ) | $ | (0.20 | ) | ||||
Adjustments: | ||||||||||||||||
Amortization of intangible assets(1) | 621 | 0.16 | 630 | 0.16 | ||||||||||||
Stock-based compensation expense(2) | 264 | 0.07 | 203 | 0.05 | ||||||||||||
Other unusual items(3) | 278 | 0.07 | 365 | 0.09 | ||||||||||||
Discrete items impacting income tax expense(4) | 100 | 0.03 | 25 | 0.01 | ||||||||||||
Tax impact of adjustments(5) | (244 | ) | (0.06 | ) | (252 | ) | (0.06 | ) | ||||||||
Non-GAAP net income from continuing operations: | $ | 408 | 0.11 | $ | 206 | $ | 0.05 | |||||||||
Weighted average number of common shares outstanding - diluted | 3,860 | 3,843 | ||||||||||||||
(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. | |
(3) | For the three months ended March 31, 2026, this adjustment reflects the gain on the change in fair value of our interest rate swap of | |
(4) | This adjustment gives effect to discrete items that impact income tax expense. For the three months ended March 31, 2025, this relates to additional expense associated with vesting of stock-based compensation awards. | |
(5) | This adjustment gives effect to the tax impact of all non-GAAP adjustments at the current Federal tax rate of |
CALCULATION OF FREE CASH FLOW AND ADJUSTED FREE CASH FLOW
Three Months Ended March 31, | ||||||||
2026 | 2025 | |||||||
Net cash provided by operating activities (GAAP) | $ | 871 | $ | 747 | ||||
Payments for purchase of fixed assets and capitalized software | (108 | ) | (35 | ) | ||||
Free cash flow from continuing operations (Non-GAAP) | 763 | 712 | ||||||
Cash paid for acquisition and integration related items (1) | - | 87 | ||||||
Cash paid for other unusual items (2) | 189 | 168 | ||||||
Adjusted free cash flow from continuing operations (Non-GAAP) | $ | 952 | $ | 967 | ||||
(1) | This adjustment gives effect to one-time corporate projects, including acquisition, divestiture and integration related expenses, paid during the periods. | |
(2) | For the three months ended March 31, 2026, this related to payment of non-recurring expenses. For the three months ended March 31, 2025, this relates to payments related to our corporate re-brand and other non-recurring accounting fees. |
Conference Call Information
To participate in this event, dial approximately 5 to 10 minutes before the beginning of the call.
Date: | May 12, 2026 |
Time: | 9:00 a.m. eastern time |
Toll & Toll Free: | 973-528-0011 | 888-506-0062 |
Access Code: | 331210 |
Live Webcast: |
Conference Call Replay Information
The replay will be available beginning approximately 1 hour after the completion of the live event.
Toll & Toll Free: | 919-882-2331 | 877-481-4010 |
Passcode: | 53957 |
Webcast Replay & Transcript |
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 www.accessnewswire.com.
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 momentum of our new Social Monitoring platform addition is just beginning, our belief the operational structure we've built over the past 18 months gives us the flexibility to continue driving efficiency while accelerating platform development and our belief our new Social Monitoring platform addition will help us deliver on our ARR goals by the end of 2026.
Please see the Company's documents filed or to be filed with the Securities and Exchange Commission at www.sec.gov, 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, 2025, 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 Inc.
Brian R. Balbirnie
(919)-481-4000
brianb@accessnewswire.com
Hayden IR
Brett Maas
(646)-536-7331
brett@haydenir.com
Hayden IR
James Carbonara
(646)-755-7412
james@haydenir.com
ACCESS NEWSWIRE INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
March 31, | December 31, | |||||||
(unaudited) | ||||||||
ASSETS | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 3,487 | $ | 3,025 | ||||
Accounts receivable (net of allowance for credit losses of | 3,596 | 3,884 | ||||||
Other current assets | 1,588 | 1,513 | ||||||
Total current assets | 8,671 | 8,422 | ||||||
Capitalized software (net of accumulated amortization of | 858 | 828 | ||||||
Fixed assets (net of accumulated depreciation of | 119 | 136 | ||||||
Right-of-use asset - leases | 283 | 324 | ||||||
Other long-term assets | 44 | 73 | ||||||
Goodwill | 19,043 | 19,043 | ||||||
Intangible assets (net of accumulated amortization of | 8,854 | 9,475 | ||||||
Deferred tax asset | 3,715 | 3,691 | ||||||
Total assets | $ | 41,587 | $ | 41,992 | ||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||
Current liabilities: | ||||||||
Accounts payable | $ | 1,587 | $ | 1,501 | ||||
Accrued expenses | 1,977 | 1,769 | ||||||
Income tax payable | 38 | 133 | ||||||
Current portion of long-term debt | 870 | 870 | ||||||
Deferred revenue | 5,390 | 5,265 | ||||||
Total current liabilities | 9,862 | 9,538 | ||||||
Long-term debt (net of debt discount of | 1,473 | 1,686 | ||||||
Deferred tax liability | 82 | 86 | ||||||
Interest rate swap liability | 9 | 20 | ||||||
Lease liabilities - long-term | 227 | 317 | ||||||
Total liabilities | 11,653 | 11,647 | ||||||
Commitments and contingencies | ||||||||
Stockholders' equity: | ||||||||
Preferred stock, | - | - | ||||||
Common stock | 4 | 4 | ||||||
Additional paid-in capital | 25,240 | 25,005 | ||||||
Other accumulated comprehensive loss | (131 | ) | (96 | ) | ||||
Retained earnings | 4,821 | 5,432 | ||||||
Total stockholders' equity | 29,934 | 30,345 | ||||||
Total liabilities and stockholders' equity | $ | 41,587 | $ | 41,992 | ||||
ACCESS NEWSWIRE INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
(in thousands, except share and per share amounts)
For the | ||||||||
March 31, | March 31, | |||||||
2026 | 2025 | |||||||
Revenues | $ | 5,327 | $ | 5,476 | ||||
Cost of revenues | 1,376 | 1,203 | ||||||
Gross profit | 3,951 | 4,273 | ||||||
Operating costs and expenses: | ||||||||
General and administrative | 1,781 | 1,953 | ||||||
Sales and marketing | 1,681 | 1,594 | ||||||
Product development | 560 | 733 | ||||||
Depreciation and amortization | 647 | 670 | ||||||
Total operating costs and expenses | 4,669 | 4,950 | ||||||
Operating loss | (718 | ) | (677 | ) | ||||
Interest expense, net | (38 | ) | (204 | ) | ||||
Other income (expense) | 24 | (69 | ) | |||||
Loss from continuing operations before income taxes | (732 | ) | (950 | ) | ||||
Income tax benefit | (121 | ) | (185 | ) | ||||
Net loss from continuing operations | (611 | ) | (765 | ) | ||||
Net income from discontinued operations, net of taxes | - | 6,152 | ||||||
Net income (loss) | $ | (611 | ) | $ | 5,387 | |||
Net income (loss) from continuing operations per share - basic | $ | (0.16 | ) | $ | (0.20 | ) | ||
Net income (loss) from continuing operations per share - diluted | $ | (0.16 | ) | $ | (0.20 | ) | ||
Net income from discontinued operations per share - basic | $ | - | $ | 1.60 | ||||
Net income from discontinued operations per share - diluted | $ | - | $ | 1.60 | ||||
Net income (loss) per share - basic | $ | (0.16 | ) | $ | 1.40 | |||
Net income (loss) per share - fully diluted | $ | (0.16 | ) | $ | 1.40 | |||
Weighted average number of common shares outstanding - basic | 3,859 | 3,842 | ||||||
Weighted average number of common shares outstanding - fully diluted | 3,860 | 3,843 | ||||||
ACCESS NEWSWIRE INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
(in thousands)
For the | ||||||||
March 31, | March 31, | |||||||
2026 | 2025 | |||||||
Cash flows from operating activities: | ||||||||
Net income (loss) | $ | (611 | ) | $ | 5,387 | |||
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||||
Gain on disposal of business | - | (8,974 | ) | |||||
Depreciation and amortization | 716 | 770 | ||||||
Provision for credit losses | 110 | 277 | ||||||
Change in fair value of interest rate swap | (12 | ) | - | |||||
Deferred income taxes | (25 | ) | (941 | ) | ||||
Stock-based compensation expense | 264 | 280 | ||||||
Non-cash interest expense | 4 | 4 | ||||||
Changes in operating assets and liabilities: | ||||||||
Decrease (increase) in accounts receivable | 165 | (265 | ) | |||||
Decrease (increase) in other assets | (5 | ) | (45 | ) | ||||
Increase (decrease) in accounts payable | 87 | 309 | ||||||
Increase (decrease) in income tax payable | (95 | ) | 3,730 | |||||
Increase (decrease) in accrued expenses and other liabilities | 119 | 241 | ||||||
Increase (decrease) in deferred revenue | 154 | (26 | ) | |||||
Net cash provided by operating activities | 871 | 747 | ||||||
Cash flows from investing activities: | ||||||||
Proceeds from Sale of Compliance Business | - | 12,000 | ||||||
Purchase of fixed assets | (9 | ) | (12 | ) | ||||
Capitalized software | (99 | ) | (23 | ) | ||||
Net cash provided by (used in) investing activities | (108 | ) | 11,965 | |||||
Cash flows from financing activities: | ||||||||
Payment of principal of Note Payable | (217 | ) | (12,739 | ) | ||||
Payment for stock repurchase and retirement | (29 | ) | - | |||||
Net cash used in financing activities | (246 | ) | (12,739 | ) | ||||
Net change in cash and cash equivalents | 517 | (27 | ) | |||||
Cash and cash equivalents - beginning | 3,025 | 4,103 | ||||||
Currency translation adjustment | (55 | ) | 24 | |||||
Cash and cash equivalents - ending | $ | 3,487 | $ | 4,100 | ||||
Supplemental disclosures: | ||||||||
Cash paid for interest | $ | 39 | $ | 223 | ||||
SOURCE: ACCESS Newswire Inc.
View the original press release on ACCESS Newswire