ACCESS Newswire Q1 Revenue at $5.3M, Below Estimates
Reports Q1 revenue $5.3M, two estimates $5.74M. "Our Q1 results demonstrated evidence of the strength of our subscription foundation," said Brian R. Balbirnie, ACCESS Newswire's Founder and Chief Executive Officer. "We closed the quarter with 1,119 total subscriptions, adding 180 new subscribers during the period pushing average ARR subscription revenue per customer to $12,803 and posting improvement to overall average ARR per subscriber for the seventh out of the last eight quarters. Customer subscription retention reached 92% - up from the high 80s just a year ago - reflecting the real and measurable value our platform is delivering. In April, our new Social Monitoring platform addition started to generate a 20% ARR increase per upgrading subscriber, and we believe this momentum is just beginning."
