ACCS · ACCESS Newswire Inc.

ACCESS Newswire Inc. announced its Q1 2026 results via Exhibit 99.1, revealing revenue of $5.3 million, down 3% from Q1 2025's $5.5 million and 8% from Q4 2025's $5.8 million. The YoY decline stemmed from reduced ProPlan product revenue due to customer attrition and lower webcasting/events revenue from resellers, while the sequential drop reflected 2% lower core press release volume and shifts in release types. Gross profit fell to $4.0 million (74% margin) from $4.3 million (78%) YoY, pressured by lower revenue and elevated distribution costs. Despite this, operating loss held steady at $0.7 million, bolstered by a 6% YoY reduction in total operating costs (excluding D&A) to $1.78 million in G&A, lower bad debt, and higher capitalized R&D for new products. GAAP net loss from continuing operations improved to $0.6 million ($0.16 per diluted share) from $0.8 million ($0.20), aided by reduced interest expense post-debt paydown from the February 2025 compliance business sale. Non-GAAP metrics shone: Adjusted EBITDA steady at $564,000 (11% of revenue), non-GAAP net income rose to $0.4 million ($0.11 per share), and operating cash flow climbed to $871,000 from $747,000 YoY. CEO Brian R. Balbirnie highlighted subscription strength, with customers reaching 1,119 (up with 180 net adds), 92% retention (from high 80s YoY), and average ARR per customer at $12,803 (up 15% YoY)—the seventh improvement in eight quarters. New offerings like Social Monitoring (20% ARR uplift for upgraders), ACCESS Verified AI assistant, and MCP analytics are gaining traction, supporting 2026 ARR goals without sacrificing growth investment, per CFO Steven Knerr.