ACCESS Newswire Inc.
For the period ended Dec 31, 2024. Filed Mar 25, 2025.
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FY2024 · Filed Mar 25, 2025
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Item 6. Select Financial Data
Our selected consolidated financial data shown below should be read together with Item7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and respective notes included in Item 8. “Financial Statements and Supplementary Data.” The data shown below are not necessarily indicative of results to be expected for any future period. The data below is comprised of results from continuing operations only and does not include results from discontinued operations. For more information regarding continuing and discontinued operations, see Note 3 to our Consolidated Financial Statements for the year ended December 31, 2024.
Summary of Operations for the periods ended December 31, 2024 and 2023 (in 000’s).
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Statement of Operations | ||
| Revenue | $23,057 | $24,522 |
| Cost of revenues | 5,617 | 5,607 |
| Gross margin | 17,440 | 18,915 |
| Operating costs | 19,609 | 21,654 |
| Impairment loss on intangible assets | 14,150 | — |
| Operating loss | (16,319) | (2,739) |
| Other expense | (1,026) | (1,640) |
| Loss before taxes | (17,345) | (4,379) |
| Income tax benefit | (4,064) | (938) |
| Loss from continuing operations | $(13,281) | $(3,441) |
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