ACCESS Newswire Inc. (formerly Issuer Direct Corporation) is a communications technology company that provides public relations (PR) and investor relations (IR) solutions. Based in Raleigh, North Carolina, the company offers press release distribution, media monitoring, and webcasting services to public and private companies globally. It focuses on helping corporate issuers, law firms, and investment banks connect with their audiences and manage corporate disclosures.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
22,619
23,057
24,522
23,514
Cost of Sales
5,305
5,617
5,607
5,684
Gross Profit
17,314
17,440
18,915
17,830
Selling, General & Administrative Expenses
13,556
14,080
16,382
12,885
Depreciation & Amortization Expenses
2,687
2,708
2,728
970
Research & Development Expenses
2,692
2,821
2,544
1,306
Other Operating Expenses
250
14,150
—
—
Operating Profit
(1,871)
(16,319)
(2,739)
2,669
Non-Operating Income
(82)
(1,026)
(1,249)
(11)
Total Non-Operating Income
(82)
(1,026)
(1,249)
(11)
Income Before Provision for Income Taxes
(1,953)
(17,345)
(3,988)
2,658
Provision for Income Taxes
(395)
(4,064)
(938)
724
Consolidated Net Income
(1,558)
(13,281)
(3,441)
1,934
Net Income Attributable to Discontinued Operations
5,849
2,488
4,207
—
Net Income Attributable to Common Shareholders
4,291
(10,793)
766
1,934
Basic EPS
1.11
-2.82
0.20
0.52
Diluted EPS
1.11
-2.82
0.20
0.52
Basic Weighted Average Shares Outstanding
3,858
3,827
3,802
3,720
Diluted Weighted Average Shares Outstanding
3,859
3,829
3,816
3,740
Shares Outstanding
3,850
3,839
3,815
3,791
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
3,025
4,103
5,714
4,832
Total Cash and Cash Equivalents
3,025
4,103
5,714
4,832
Accounts Receivable
3,884
3,351
3,005
2,978
Other Receivables
—
—
—
51
Total Trade Receivables
3,884
3,351
3,005
3,029
Other Current Assets
1,513
2,572
2,553
1,559
Total Current Assets
8,422
10,026
11,504
9,420
Net Property, Plant & Equipment
460
1,131
1,517
1,902
Net Intangible Assets
10,303
12,910
29,241
32,369
Goodwill
19,043
19,043
19,043
22,498
Other Long-Term Assets
3,764
7,528
3,847
136
Total Assets
41,992
50,638
65,152
66,325
Accounts Payable
1,501
1,423
1,180
1,374
Accrued Expenses
1,769
1,699
1,838
2,255
Current Portion of Long-Term Debt
870
4,000
4,000
22,000
Unearned Revenue
5,265
4,743
4,750
5,405
Other Current Liabilities
133
949
882
157
Total Current Liabilities
9,538
12,814
12,650
31,191
Long-Term Debt
1,686
11,930
15,913
—
Leases
317
668
1,009
1,339
Other Long-Term Liabilities
106
—
160
572
Total Long-Term Liabilities
2,109
12,598
17,082
1,911
Total Liabilities
11,647
25,412
29,732
33,102
Common Stock
4
4
4
4
Additional Paid-in Capital
25,005
24,259
23,531
22,147
Accumulated Other Comprehensive Income
(96)
(178)
(49)
(96)
Retained Earnings
5,432
1,141
11,934
11,168
Total Common Shareholders' Equity
30,345
25,226
35,420
33,223
Total Shareholders' Equity
30,345
25,226
35,420
33,223
Total Liabilities and Shareholders' Equity
41,992
50,638
65,152
66,325
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
4,291
(10,793)
766
1,934
Depreciation & Amortization
2,993
3,095
2,788
1,033
Share-Based Compensation Expense
909
728
1,365
763
Other Adjustments
(7,104)
11,475
(4,068)
128
Changes in Trade Receivables
(1,080)
(1,659)
(1,150)
(9)
Changes in Accounts Payable
154
224
(60)
35
Changes in Accrued Expenses
(401)
(389)
(801)
(147)
Changes in Income Taxes Payable
76
45
—
—
Changes in Unearned Revenue
208
—
267
564
Changes in Other Operating Activities
512
434
3,953
(282)
Cash from Operating Activities
558
3,160
3,060
4,019
Capital Expenditure
(20)
(19)
(25)
(66)
Purchases of Intangible Assets
(172)
(597)
(478)
—
Payments for Business Acquisitions
—
—
350
(17,963)
Proceeds from Business Divestments
12,000
—
—
—
Cash from Investing Activities
11,808
(616)
(153)
(18,029)
Issuance of Long-Term Debt
—
—
19,988
—
Repayments of Long-Term Debt
(13,391)
(4,000)
(22,000)
—
Net Issuance / (Repayments) of Long-Term Debt
(13,391)
(4,000)
(2,012)
—
Issuance of Common Shares
—
—
19
91
Repurchases of Common Shares
(163)
—
—
(5,000)
Net Issuance / (Repurchases) of Common Shares
(163)
—
19
(4,909)
Other Financing Activities
—
—
(88)
—
Cash from Financing Activities
(13,554)
(4,000)
(2,081)
(4,909)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash