Highlights

  • ACCESS Newswire recorded USD 5.6 million in quarterly revenue, broadly flat year on year.
  • Average recurring revenue per subscription customer rose approximately 15% to USD 12,718.
  • Gross margin declined to 73%, while the operating loss widened to USD 307,000.
  • Management expects about USD 150,000 in second-half cost-of-revenue savings.

A stronger subscription metric has yet to translate into a clear year-on-year sales increase. ACCESS Newswire Inc. (NYSE American:ACCS) reported second-quarter 2026 revenue of USD 5.6 million, essentially unchanged from a year earlier. Its average annual recurring revenue per subscription customer nevertheless increased, presenting a mixed picture of customer value and overall performance.

A Sequential Recovery With a Margin Cost

Revenue rose from USD 5.3 million in the first quarter to USD 5.6 million in the second, a roughly 6% increase based on rounded figures. First-half revenue was USD 10.9 million against USD 11.1 million a year earlier. Gross margin slipped to 73% from 76% a year earlier, with gross profit of USD 4.1 million. The operating loss widened to USD 307,000 from USD 249,000, and the loss from continuing operations reached USD 354,000, or USD 0.09 per diluted share.

Subscriptions Tell a Different Story

Average annual recurring revenue per subscription customer, excluding education customers, rose to USD 12,718 from USD 11,039, approximately 15% higher. The company had 1,162 subscription customers at 30 June, including 115 education subscribers, and 14,583 customers with an active contract over the previous twelve months. The improvement in average customer value has not yet produced comparable growth in total quarterly revenue.

Cash Flow and Adjusted Measures Diverge

Adjusted EBITDA, a non-GAAP metric, fell to USD 642,000 from USD 836,000, while non-GAAP net income declined to USD 296,000 from USD 556,000. Operating cash flow was USD 173,000 versus USD 135,000 a year earlier. Adjusted free cash flow decreased to USD 50,000 from USD 250,000. For the first half, operating cash flow reached USD 1.04 million and adjusted free cash flow was USD 1.00 million. Cash stood at USD 2.96 million at quarter-end, with notes payable and long-term debt totalling approximately USD 2.1 million.

The Second-Half Test

Chief executive Brian Balbirnie indicated that the communications marketplace was entering a new phase. Management anticipates approximately USD 150,000 in second-half cost-of-revenue savings and further product improvements, but provided no formal financial guidance. Shares closed at USD 4.65 on 15 October 2026, with no verified company-specific explanation for the day’s decline. Investors can watch whether customer value converts into higher sales, margins stabilise and planned savings become visible. The Russell Microcap Index is only a comparison benchmark; membership was not verified.