ACCESS Newswire Inc.
For the period ended Mar 25, 2025. Filed Mar 25, 2025.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Mar 25, 2025 · Filed Mar 25, 2025
ACCS$3.41-2.4%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · CALCULATION OF EBITDA & ADJUSTED EBITDA
CALCULATION OF EBITDA & ADJUSTED EBITDA
| Three Months Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Amount | Amount | |
| Net loss from continuing operations: | $(10,945) | $(1,512) |
| Adjustments: | ||
| Impairment loss on intangible assets | 14,150 | — |
| Depreciation and amortization | 737 | 697 |
| Interest expense, net | 250 | 309 |
| Income tax benefit | (3,422) | (328) |
| EBITDA | 770 | (834) |
| Acquisition and/or integration costs(1) | 39 | 116 |
| Other non-recurring expenses(2) | (198) | 400 |
| Stock-based compensation expense(3) | 260 | 291 |
| Adjusted EBITDA: | $871 | $(27) |
| Full Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Amount | Amount | |
| Net loss from continuing operations: | $(13,281) | $(3,441) |
| Adjustments: | ||
| Impairment loss on intangible assets | 14,150 | — |
| Depreciation and amortization | 2,928 | 2,788 |
| Interest expense, net | 1,107 | 1,249 |
| Income tax benefit | (4,064) | (938) |
| EBITDA | 840 | (342) |
| Acquisition and/or integration costs(1) | 189 | 546 |
| Other non-recurring expenses(2) | 138 | 436 |
| Stock-based compensation expense(3) | 728 | 1,365 |
| Adjusted EBITDA: | $1,895 | $2,005 |
| (1) | This adjustment gives effect to one-time corporate projects, including acquisition and/or integration related expenses, incurred during the periods. |
| (2) | For the three months ended December, 31, 2024 and 2023, this adjustment primarily gives effect to a gain or loss recorded on the change in fair value of our interest rate swap. For the year ended December 31, 2024, this adjustment gives effect to a gain recorded on the change in fair value of our interest rate swap of $81,000, as well as, one-time accounting fees, termination benefits and other non-recurring or unusual expenses of $219,000. For the year ended December 31, 2023, this adjustment gives effect to $370,000 payment related to early extinguishment of our Seller Note and one-time non-recurring expenses of $45,000 and a loss on the change in fair value of our interest rate swap of $21,000. |
| (3) | The adjustments represent stock-based compensation expense related to awards of stock options, restricted stock units, or common stock in exchange for services. Although we expect to continue to award stock in exchange for services, the amount of stock-based compensation is excluded as it is subject to change as a result of one-time or non-recurring projects. |
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