Revenue growth remains elusive with a 2.7% year-over-year decline in 2026Q1, while operating margins have deteriorated to -13.5% due to an inability to dilute fixed SG&A expenses.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 |
|---|
| Sales/Revenue | 22.47M | 22.62M | 23.06M | 24.52M | 23.51M | 21.88M | 18.53M | 16.3M | 14.23M | 12.63M | 12.06M | 11.62M | 13.63M | 8.84M | 4.31M | 3.23M | 3.86M | 1.89M | 1.43M | 640.15K | 48.88K |
| Revenue Growth % | 4.17% | -1.9% | -5.97% | 4.29% | 7.45% | 18.12% | 13.69% | 14.5% | 12.7% | 4.72% | 3.78% | -14.75% | 54.14% | 105.37% | 33.38% | -16.38% | 104.78% | 32.27% | 122.66% | 1209.77% | - |
| Cost of Goods Sold | 6.78M | 7.99M | 5.62M | 5.61M | 5.68M | 5.75M | 5.42M | 5.08M | 4.1M | 3.4M | 3.02M | 3.45M | 4.07M | 2.58M | 1.5M | 1.39M | 2.51M | 786.63K | 745.17K | 264.57K | 1.18K |
| COGS % of Revenue | - | 35.33% | 24.36% | 22.87% | 24.17% | 26.27% | 29.23% | 31.18% | 28.83% | 26.88% | 25.09% | 29.67% | 29.83% | 29.15% | 34.87% | 43.12% | 65% | 41.73% | 52.28% | 41.33% | 2.4% |
| Gross Profit | 15.69M | 14.63M | 17.44M | 18.91M | 17.83M | 16.14M | 13.11M | 11.21M | 10.13M | 9.23M | 9.03M | 8.17M | 9.56M | 6.26M | 2.8M | 1.84M | 1.35M | 1.1M | 680.16K | 375.58K | 47.7K |
| Gross Margin % | 69.81% | 64.67% | 75.64% | 77.13% | 75.83% | 73.73% | 70.77% | 68.82% | 71.17% | 73.12% | 74.91% | 70.33% | 70.17% | 70.85% | 65.13% | 56.88% | 35% | 58.27% | 47.72% | 58.67% | 97.6% |
| Gross Profit Growth % | - | -16.13% | -7.8% | 6.09% | 10.51% | 23.06% | 16.91% | 10.72% | 9.7% | 2.2% | 10.55% | -14.56% | 52.67% | 123.37% | 52.73% | 35.9% | 22.98% | 61.52% | 81.1% | 687.38% | - |
| Operating Expenses | 17.31M | 15.99M | 33.76M | 21.65M | 15.16M | 12.39M | 10.42M | 10.74M | 8.97M | 7.21M | 7.1M | 7.54M | 8.09M | 4.56M | 2.25M | 1.59M | 1.12M | 823.74K | 1.68M | 623.12K | 305.06K |
| OpEx % of Revenue | - | 70.7% | 146.42% | 88.3% | 64.48% | 56.63% | 56.23% | 65.92% | 63% | 57.06% | 58.87% | 64.87% | 59.37% | 51.62% | 52.19% | 49.19% | 29.09% | 43.69% | 117.77% | 97.34% | 624.16% |
| Selling, General & Admin | 13.47M | 13.56M | 14.08M | 16.38M | 12.88M | 10.71M | 8.84M | 8.64M | 7.09M | 5.99M | 5.79M | 5.58M | 6.54M | 4.07M | 2.11M | 1.33M | 1.08M | 785.49K | 1.51M | 596.53K | 304.05K |
| SG&A % of Revenue | - | 59.93% | 61.07% | 66.81% | 54.8% | 48.96% | 47.72% | 53% | 49.8% | 47.42% | 47.98% | 48.06% | 47.99% | 46.03% | 48.98% | 41.1% | 27.98% | 41.67% | 106.18% | 93.19% | 622.1% |
| Research & Development | 2.52M | 2.69M | 2.82M | 2.54M | 1.31M | 1.07M | 825K | 1.22M | 1.28M | 763K | 404K | 326.58K | 391.97K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | 11.9% | 12.23% | 10.37% | 5.55% | 4.91% | 4.45% | 7.48% | 8.97% | 6.04% | 3.35% | 2.81% | 2.88% | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1.32M | -256K | 16.86M | 2.73M | 970K | 603K | 751K | 885K | 603K | 454K | 909K | 1.63M | 1.16M | 494.18K | 138.35K | 260.97K | 43.17K | 38.25K | 165.19K | 26.58K | 1K |
| Operating Income | -1.62M | -1.36M | -16.32M | -2.74M | 2.67M | 3.74M | 2.69M | 474K | 1.16M | 2.03M | 1.94M | 634.24K | 1.47M | 1.7M | 557.13K | 248.37K | 227.9K | 274.86K | -998.48K | -247.54K | -257.36K |
| Operating Margin % | -7.21% | -6.03% | -70.78% | -11.17% | 11.35% | 17.1% | 14.54% | 2.91% | 8.17% | 16.06% | 16.05% | 5.46% | 10.8% | 19.23% | 12.94% | 7.69% | 5.9% | 14.58% | -70.05% | -38.67% | -526.56% |
| Operating Income Growth % | - | 91.64% | -495.8% | -202.62% | -28.69% | 38.94% | 468.35% | -59.24% | -42.65% | 4.81% | 205.09% | -56.93% | -13.38% | 205.17% | 124.32% | 8.98% | -17.08% | 127.53% | -303.36% | 3.81% | - |
| EBITDA | 1.34M | 1.6M | -13.39M | 49K | 3.7M | 4.89M | 4.04M | 2.14M | 2.56M | 2.76M | 3.01M | 1.73M | 2.63M | 2.19M | 695.48K | 303.07K | 267.08K | 313.11K | -963.28K | -220.96K | -256.35K |
| EBITDA Margin % | 5.97% | 7.07% | -58.08% | 0.2% | 15.74% | 22.33% | 21.82% | 13.14% | 17.99% | 21.88% | 24.98% | 14.92% | 19.3% | 24.82% | 16.15% | 9.39% | 6.92% | 16.61% | -67.58% | -34.52% | -524.51% |
| EBITDA Growth % | 109.56% | 111.95% | -27428.57% | -98.68% | -24.23% | 20.88% | 88.79% | -16.37% | -7.35% | -8.27% | 73.69% | -34.08% | 19.88% | 215.52% | 129.48% | 13.48% | -14.7% | 132.5% | -335.96% | 13.81% | - |
| D&A (Non-Cash Add-back) | 2.96M | 2.96M | 2.93M | 2.79M | 1.03M | 1.14M | 1.35M | 1.67M | 1.4M | 735K | 1.08M | 1.1M | 1.16M | 494.18K | 138.35K | 54.7K | 39.17K | 38.25K | 35.19K | 26.58K | 1K |
| EBIT | -1.95M | -1.36M | -16.24M | -3.13M | 2.67M | 3.74M | 2.69M | 474K | 1.16M | 2.03M | 1.94M | 1.18M | 1.47M | 1.7M | 557.13K | 454.63K | 231.9K | 274.86K | -868.48K | -247.54K | -257.36K |
| Net Interest Income | -245K | -2K | -1.11M | -1.25M | -11K | 3K | 56K | 321K | 47K | -2K | 4K | -622.14K | -1.71M | -515.65K | -401 | 12.71K | -19.3K | -688 | -8.89K | -37.35K | 0 |
| Interest Income | 0 | 369K | 60K | 0 | 0 | 3K | 56K | 321K | 47K | 0 | 4K | 0 | 0 | 0 | 0 | 12.71K | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 245K | 371K | 1.17M | 1.25M | 11K | 0 | 0 | 0 | 0 | 2K | 0 | 622.14K | 1.71M | 515.65K | 401 | 0 | 19.3K | 688 | 8.89K | 37.35K | 0 |
| Other Income/Expense | -115K | -588K | -1.03M | -1.64M | -11K | 369K | 136K | 321K | 47K | -26K | 84K | -622.14K | -1.71M | -515.65K | -401 | 12.71K | -19.3K | -688 | 998.48K | 247.54K | 257.36K |
| Pretax Income | -1.74M | -1.95M | -17.34M | -4.38M | 2.66M | 4.11M | 2.83M | 795K | 1.21M | 2M | 2.02M | 12.1K | -237.35K | 1.18M | 556.73K | 261.08K | 208.61K | 274.17K | 0 | 0 | 0 |
| Pretax Margin % | -7.72% | -8.63% | -75.23% | -17.86% | 11.3% | 18.79% | 15.28% | 4.88% | 8.5% | 15.85% | 16.74% | 0.1% | -1.74% | 13.4% | 12.93% | 8.09% | 5.4% | 14.54% | - | - | - |
| Income Tax | -331K | -395K | -4.06M | -938K | 724K | 821K | 724K | 109K | 373K | 131K | 464K | -132.49K | -279.48K | 556K | 251K | 21.8K | -220.8K | 0 | 963.04K | 249.17K | 262.53K |
| Effective Tax Rate % | 19.08% | 20.23% | 23.43% | 21.42% | 27.24% | 19.97% | 25.58% | 13.71% | 30.83% | 6.54% | 22.98% | -1095.21% | 117.75% | 46.94% | 45.08% | 8.35% | -105.85% | 0% | - | - | - |
| Net Income | -1.71M | 4.29M | -10.79M | 766K | 1.93M | 3.29M | 2.11M | 686K | 837K | 1.87M | 1.55M | 144.58K | 42.13K | 628.58K | 305.73K | 239.28K | 429.41K | 274.17K | -963.04K | -249.17K | -262.53K |
| Net Margin % | -7.6% | 18.97% | -46.81% | 3.12% | 8.22% | 15.04% | 11.37% | 4.21% | 5.88% | 14.82% | 12.89% | 1.24% | 0.31% | 7.11% | 7.1% | 7.41% | 11.12% | 14.54% | -67.57% | -38.92% | -537.15% |
| Net Income Growth % | 67.59% | 139.76% | -1509.01% | -60.39% | -41.23% | 56.27% | 207% | -18.04% | -55.26% | 20.32% | 975.5% | 243.22% | -93.3% | 105.6% | 27.77% | -44.28% | 56.62% | 128.47% | -286.5% | 5.09% | - |
| Net Income (Continuing) | -1.4M | -1.56M | -13.28M | -3.44M | 1.93M | 3.29M | 2.11M | 686K | 837K | 1.87M | 1.55M | 144.58K | 42.13K | 628.58K | 305.73K | 239.28K | 429.41K | 274.17K | -963.04K | -249.17K | -262.53K |
| Discontinued Operations | -303K | 5.85M | 2.49M | 4.21M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.44 | 1.11 | -2.82 | 0.20 | 0.52 | 0.86 | 0.56 | 0.18 | 0.24 | 0.62 | 0.54 | 0.06 | 0.02 | 0.31 | 0.15 | 0.14 | 0.20 | 0.16 | -0.50 | -0.20 | -10.76 |
| EPS Growth % | 67.96% | 139.36% | -1510% | -61.54% | -39.53% | 53.57% | 211.11% | -25% | -61.29% | 14.81% | 800% | 200% | -93.55% | 106.67% | 7.14% | -30% | 25% | 132% | -150% | 98.14% | - |
| EPS (Basic) | - | 1.11 | -2.82 | 0.20 | 0.52 | 0.87 | 0.56 | 0.18 | 0.25 | 0.63 | 0.55 | 0.06 | 0.02 | 0.32 | 0.16 | 0.14 | 0.20 | 0.20 | -0.50 | -0.20 | -10.76 |
| Diluted Shares Outstanding | 3.86M | 3.86M | 3.83M | 3.82M | 3.74M | 3.82M | 3.78M | 3.86M | 3.46M | 3.03M | 2.9M | 2.58M | 2.12M | 2.03M | 2.04M | 1.77M | 1.76M | 1.71M | 1.78M | 1.4M | 24.39K |
| Basic Shares Outstanding | 3.86M | 3.86M | 3.83M | 3.8M | 3.72M | 3.78M | 3.75M | 3.84M | 3.42M | 2.95M | 2.82M | 2.49M | 2.08M | 1.96M | 1.91M | 1.76M | 1.74M | 1.7M | 1.78M | 1.4M | 24.39K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | 54.96% | 31.43% | 29.13% | 57.48% | - | 18.66% | 88.51% | - | - | - | - | - | - |
Persistent operating losses
As reported in recent financial filings, ACCS experienced a 2.7% year-over-year revenue decline in 2026Q1, signaling that the company's rebranding and strategic shift toward news dissemination have yet to catalyze top-line growth or offset the broader cyclical weakness impacting its small-cap issuer client base.
The persistent revenue contraction suggests that the company is struggling to maintain its market share in a competitive PR distribution landscape. Investors should monitor whether the current decline reflects a structural loss of relevance or merely a temporary lull in small-cap market activity.
Based on historical income statements, ACCS maintains a gross margin of 62.0% as of 2026Q1, though this figure has fluctuated significantly from a high of 89.6% in 2024Q4, suggesting that the company's cost of service is highly sensitive to changes in product mix or operational scale.
While the gross margin remains relatively high, the inability to stabilize these levels indicates potential challenges in managing the underlying technical infrastructure. This volatility warrants further investigation into whether the company is sacrificing pricing power to defend its position against larger, more established competitors.
According to the latest quarterly data, ACCS reported an operating margin of -13.5%, demonstrating that the company has failed to achieve the necessary scale to dilute its fixed SG&A and R&D expenses, which continue to outpace the gross profit generated by its core service offerings.
The negative operating margin implies that the current business model is not yet self-sustaining without significant volume growth. The company appears to be trapped in a cycle where high overhead costs prevent it from reaching profitability, regardless of its gross margin performance.
As evidenced by the 2025Q1 net income of $5.4M despite an operating loss of $677K, ACCS's bottom-line results are frequently influenced by non-operating items, which complicates the assessment of the company's true underlying profitability and core cash-generating capabilities for long-term investors.
The significant divergence between operating and net income suggests that headline EPS figures may be misleading. Analysts should strip out these non-recurring gains to evaluate the actual operational health of the newsroom and software segments.
Based on the provided financial data, the persistent negative operating income suggests that the company's current cost structure may be unsustainable, raising concerns that the recent rebranding efforts are merely increasing marketing expenses without providing a clear path to achieving positive cash flow from operations.
Short-sellers may focus on the company's inability to convert its high gross margins into positive operating income as a sign of structural inefficiency. The lack of clear operating leverage suggests that the company may require additional capital or a drastic reduction in overhead to survive.
Quick answers to the most common questions about buying ACCS stock.
For fiscal year 2025, ACCESS Newswire Inc. (ACCS) reported total revenue of $22.6M. This represents a 46179.3% increase compared to $0.0M in 2006.
ACCESS Newswire Inc. (ACCS) is profitable, generating $4.3M in net income for the fiscal year ending 2025 with a net profit margin of 19.0%.
ACCESS Newswire Inc. (ACCS) reported an operating income of $-1.4M, resulting in an operating profit margin of -6.0%. This margin reflects the operational efficiency of the business before interest and taxes.
ACCESS Newswire Inc. (ACCS) generated $14.6M in gross profit for the year, representing a gross profit margin of 64.7%. This demonstrates the company's core pricing power and production efficiency.