ACCESS Newswire Inc.
For the period ended May 9, 2025. Filed May 13, 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.
May 9, 2025 · Filed May 13, 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 March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Amount | Amount | |
| Net loss from continuing operations: | $(765) | $(783) |
| Adjustments: | ||
| Depreciation and amortization | 742 | 728 |
| Interest expense, net | 204 | 284 |
| Income tax expense (benefit) | (185) | 16 |
| EBITDA from continuing operations: | (4) | 245 |
| Acquisition and integration expenses (1) | 129 | 65 |
| Other non-recurring expenses (2) | 236 | (170) |
| Stock-based compensation expense (3) | 203 | (79) |
| Adjusted EBITDA from continuing operations: | $564 | $61 |
| (1) | This adjustment gives effect to one-time corporate projects, including acquisition and integration expenses, incurred during the periods. |
| (2) | For the three months ended March 31, 2025, this adjustment gives effect to the change in fair value of our interest rate swap of $69,000 as well as corporate re-brand costs of $132,000 and non-recurring accounting fees of $35,000. For the three months ended March 31, 2024, this adjustment gives effect to the change in fair value of our interest rate swap of $205,000, partially offset by non-recurring accounting costs of $35,000. |
| (3) | The adjustments represent stock-based compensation expense from continuing operations 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. For the three months ended March 31, 2024, this amount includes a benefit as a result of the resignation of an executive officer. |
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