ACCESS Newswire Inc. 2025年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ACCESS Newswire Inc. (Exact name of registrant as specified in its charter) 26-1331503 (I.R.S. EmployerIdentification No.) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, everyInteractive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act) Yes☐No☒ As of May 13, 2025, the number of outstanding shares of the issuer’s common stock was3,847,743. PART I – FINANCIAL INFORMATION PART II – OTHER INFORMATION ACCESS NEWSWIRE INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS Note 1. Basis of Presentation The unaudited interim consolidated balance sheet as of March 31, 2025 and consolidated statements of operations,comprehensive income (loss), stockholders’ equity and cash flows for the three-month periods ended March 31, 2025 and 2024included herein, have been prepared in accordance with the instructions for Form 10-Q under the Securities Exchange Act of 1934, asamended (the “Exchange Act”), and Article 10 of Regulation S-X under the Exchange Act. In the opinion of management, they includeall normal recurring adjustments necessary for a fair presentation of the financial statements. Results of operations reported for the Note 2. Summary of Significant Accounting Policies The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. Significantintercompany accounts and transactions are eliminated in consolidation. Cash Equivalents For purposes of the Company’s financial statements, the Company considers all highly liquid investments purchased with anoriginal maturity date of three months or less to be cash equivalents. Accounts Receivable and Allowance for Credit Losses The Company calculates its allowance for credit losses using an expected losses model rather than using incurred losses. Themodel is based on the credit losses expected to arise over the life of the asset based on the Company’s expectations as of the balancessheet date through analyzing historical customer data as well as taking into consideration current economic trends. The Company The following is a summary of the allowance for credit losses during the three months ended March 31, 2025 and 2024 (in000’s): Concentration of Credit Risk Financial instruments and related items which potentially subject the Company to concentrations of credit risk consistprimarily of cash, cash equivalents and accounts receivable. The Company places its cash and temporary cash investments with creditquality institutions. As of March 31, 2025, the Company’s domestic cash balance is spread among different depository institutions The Company believes it did not have any financial instruments that could have potentially subjected us to significantconcentrations of credit risk for any relevant period. The Company did not have any customers during the three months ended March 31, 2025 or 2024 that accounted for morethan 10% of revenue. Table of Contents Revenue Recognition Substantially all the Company’s revenue comes from contracts with customers for its press release distribution and relatedproducts, investor relations website hosting or data feeds, events and webcast offerings and subscriptions to its incident hotline.Customers consist of public corporate issuers and professional firms, such as investor and public relations firms. In the case of newsdistribution and webcasting offerings, customers also include private companies. The Company accounts for a contract with a The Company's contracts include either a subscription to its entire platform, certain modules within the platform or to itsPress Release Optimizer Plan (“PRO”), or an agreement to perform services, or any combination thereof, and often contain multiplesubscriptions