ACCESS Newswire Q3 revenue falls 4% on lower volumes
ACCS•ACCESS Newswire's Q3 revenue fell 4% year over year to $5.50 million, below the $5.76 million estimate, while adjusted EPS rose to $0.14 and beat estimates. The company expects more than $1.5 million in annualized savings from its October 2026 restructuring and anticipates returning to top-line growth in 2027.
1. Quarterly results
ACCESS Newswire reported Q3 revenue of $5.50 million, down 4% year over year and below the $5.76 million estimate. Adjusted EPS rose year over year to $0.14, above the $0.11 estimate; adjusted net income was $0.5 million.
2. Volume and margin
Core press release volumes fell 12% year over year amid a softer market, driving the revenue decline. Higher revenue per release, supported by social monitoring, insight and analytics products and increased PRO offerings, partially offset the drop. Gross margin rose to 75%, with lower distribution costs from reduced volumes with variable-rate partners.
3. Restructuring outlook
The company expects its restructuring, planned for October 2026, to generate more than $1.5 million in annualized cost savings, with the full benefit beginning in Q1 2027. ACCESS Newswire anticipates returning to top-line growth in 2027.
