ACCESS Newswire Inc. today reported its operating results for the three months and full year ended December 31, 2024. The company announced a 1% increase in revenue for the fourth quarter of 2024, reaching $5.8 million.
Adjusted EBITDA saw a significant increase of $900,000, totaling $871,000 in Q4 2024. Cash flow from operations also improved substantially, rising to $353,000 from a negative $236,000 in Q4 2023.
The company reported an increase in subscriptions, reaching 1,124 in Q4 2024, up from 1,053 in Q4 2023. These figures reflect positive operational momentum and growth in the core business.
The report also noted the company's rebrand to ACCESS Newswire Inc., effective January 27, 2025, and the sale of its compliance business for $12.5 million on February 28, 2025. These strategic actions are foundational to the company's future direction.
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