ACCESS Newswire Inc. outlined plans to reduce cost of revenues by approximately $150,000 in the second half of 2026, aiming for a 125 to 150 basis point improvement. CFO Steven Knerr and CEO Brian Balbirnie said the initiatives are expected to help move gross margins back into the higher 70% range. The company reported second-quarter revenue of $5.6 million, up 5% sequentially, with gross margin at 73% of revenue, pressured by higher press release distribution costs. ACCESS Newswire also repurchased 40,000 shares for a little over $300,000 during the quarter and plans to use roughly $300,000 remaining in the current repurchase plan this quarter, with another plan possible if conditions align.
ACCESS Newswire Inc.Company outlines cost reduction plan and buyback, aiming to improve gross margins.