ACCESS Newswire Inc.
For the period ended Aug 12, 2025. Filed Aug 12, 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.
Aug 12, 2025 · Filed Aug 12, 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 June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Amount | Amount | |
| Net loss from continuing operations: | $(239) | $(683) |
| Adjustments: | ||
| Depreciation and amortization | 739 | 728 |
| Interest (income) expense, net | (11) | 303 |
| Income tax benefit | (9) | (137) |
| EBITDA from continuing operations | 480 | 211 |
| Acquisition and/or integration costs (1) | 72 | 42 |
| Other non-recurring expenses (2) | 95 | 38 |
| Stock-based compensation expense (3) | 189 | 237 |
| Adjusted EBITDA from continuing operations: | $836 | $528 |
| Six Months Ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Amount | Amount | |
| Net loss from continuing operations: | $(1,004) | $(1,466) |
| Adjustments: | ||
| Depreciation and amortization | 1,481 | 1,456 |
| Interest expense, net | 193 | 587 |
| Income tax benefit | (194) | (295) |
| EBITDA from continuing operations | 476 | 282 |
| Acquisition and/or integration costs (1) | 201 | 107 |
| Other non-recurring expenses (2) | 331 | (132) |
| Stock-based compensation expense (3) | 392 | 158 |
| Adjusted EBITDA from continuing operations: | $1,400 | $415 |
| (1) | This adjustment gives effect to one-time corporate projects, including acquisition, divestiture and integration related expenses, incurred during the periods. |
| (2) | For the three months ended June 30, 2025, this adjustment gives effect to the loss on the change in fair value of our interest rate swap of $10,000 and non-recurring fees of $85,000. For the six months ended June 30, 2025, this adjustment gives effect to the loss on the change in fair value of our interest rate swap of $79,000, as well as corporate re-brand costs of $132,000 and non-recurring fees of $120,000. For the three and six months ended June 30, 2024, this adjustment gives effect to a gain recorded on the change in fair value of our interest rate swap of $14,000 and $219,000, respectively, partially offset by one-time accounting fees, termination benefits and other non-recurring or unusual expenses of $52,000 and $87,000, respectively. |
| (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 six months ended June 30, 2024, this amount includes a benefit as a result of the resignation of an executive officer. |
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