ACCESS Newswire Inc. reported its operating results for the three months ended March 31, 2025, on May 13, 2025. Revenue for Q1 2025 decreased by 2% to $5.5 million, compared to $5.6 million in Q1 2024.
Despite the revenue dip, Adjusted EBITDA saw a substantial increase of $503,000, reaching $564,000 in Q1 2025, up from $61,000 in Q1 2024. Cash flow from operations also significantly improved to $809,000 from $77,000 in the prior year period.
The company reported an increase in subscriptions to 955 from 874 in Q1 2024. New subscriptions signed in Q1 2025 averaged $14,059 in Annual Recurring Revenue (ARR), a notable increase from $9,300 in Q1 2024.
Management stated that the company expects to be very close to deriving 75% of its revenues from recurring subscriptions by the end of 2025. This target is significantly ahead of its initial 2026 goal, reflecting strong execution in converting customers to its platform model.
The report also reiterated the rebrand to ACCESS Newswire Inc. on January 27, 2025, and the sale of its compliance business for $12.5 million on February 28, 2025. These foundational changes are driving the company's current performance.
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