ACCESS Newswire (NYSEAMERICAN:ACCS) Announces Quarterly Earnings Results

ACCESS Newswire (NYSEAMERICAN:ACCS) issued its earnings results on Tuesday. The company reported $0.08 earnings per share (EPS) for the quarter, FiscalAI reports. ACCESS Newswire had a negative net margin of 7.63% and a positive return on equity of 4.84%. The business had revenue of $5.62 million during the quarter.

Here are the key takeaways from ACCESS Newswire’s conference call:

• Q2 revenue was $5.6 million, up 5% sequentially but essentially flat year over year, as 2% growth in core press-release revenue was offset by weaker webcasting and ProPlan revenue.
• Gross margin declined to 73% from 76% a year earlier, while adjusted EBITDA fell to $0.6 million from $0.8 million and the GAAP net loss widened to $354,000. Higher distribution costs, including partner pricing and variable usage, pressured profitability.
• Subscription metrics continued to improve: average ARR per customer rose 15% year over year to $12,718, subscriptions increased 4% to 1,162, retention reached 94%, and net revenue retention rose to 124%. Subscriber revenue was up 23% year over year.
• Management plans approximately $150,000 in cost-of-revenue savings during the second half, targeting a return to gross margins in the higher 70% range while reallocating savings toward sales and marketing and new-customer acquisition.
• The company reported encouraging early adoption of Social Monitoring and Insight & Analytics and outlined additional products, including ACCESS Verified for Financials, an upgraded ACCESS Events platform, and Content Studio. Management expects these add-ons to support higher pricing, subscription growth, and a potential 10%–15% subscription uplift for Content Studio.

ACCESS Newswire Trading Down 4.0%

NYSEAMERICAN:ACCS traded down $0.21 on Thursday, hitting $4.99. 35,102 shares of the stock were exchanged, compared to its average volume of 18,107. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.05. ACCESS Newswire has a fifty-two week low of $4.91 and a fifty-two week high of $12.00. The stock has a market cap of $19.38 million, a PE ratio of -11.34 and a beta of 0.40. The stock has a fifty day moving average of $6.55 and a 200-day moving average of $7.24.

Analyst Ratings Changes

Separately, Lake Street Capital decreased their price objective on ACCESS Newswire from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $12.00.

Insider Activity at ACCESS Newswire

In related news, CEO Brian R. Balbirnie purchased 10,000 shares of ACCESS Newswire stock in a transaction that occurred on Wednesday, May 27th. The shares were purchased at an average cost of $6.46 per share, with a total value of $64,600.00. Following the transaction, the chief executive officer owned 632,917 shares of the company’s stock, valued at approximately $4,088,643.82. The trade was a 1.61% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have acquired 13,750 shares of company stock valued at $89,575. Company insiders own 25.03% of the company’s stock.

Hedge Funds Weigh In On ACCESS Newswire

Hedge funds have recently made changes to their positions in the business. Punch & Associates Investment Management Inc. increased its stake in shares of ACCESS Newswire by 3.0% during the 4th quarter. Punch & Associates Investment Management Inc. now owns 142,410 shares of the company’s stock worth $1,324,000 after purchasing an additional 4,150 shares during the last quarter. DRW Securities LLC acquired a new stake in ACCESS Newswire in the 4th quarter valued at approximately $117,000. Bridgeway Capital Management LLC bought a new position in ACCESS Newswire during the second quarter worth $163,000. Nano Cap New Millennium Growth Fund L P bought a new position in shares of ACCESS Newswire during the 4th quarter worth about $140,000. Finally, Geode Capital Management LLC bought a new position in ACCESS Newswire during the second quarter valued at about $362,000. Institutional investors and hedge funds own 50.02% of the company’s stock.

About ACCESS Newswire

Issuer Direct Corporation operates as a communications and compliance company, provides solutions for both public relations and investor relations professionals in the United States and internationally. The company provides press release distribution, media databases, media monitoring, and newsrooms through media advantage platform; ACCESSWIRE, a news dissemination and media outreach service; and Webcaster Platform, a cloud-based webcast, webinar, and virtual meeting platform that delivers live and on-demand streaming of events to audiences of various sizes, as well as allows customers to create, produce, and deliver events.