ACCS Q2 2026 - Preliminary Earnings Alert
Event: Quartr Q2 2026 event Retrieved: 2026-08-11T12:50:00Z Comparison mode: maximal Scorecard contract: v1 Source status: release=available (earnings release 3688649, all 16 pages read) | financials=earnings release statements only (no separate Quartr standardized financials attached to this event) | transcript=not available (call 2026-08-11 13:00Z / 9:00 a.m. Eastern, not yet held)
Consensus scorecard
| Metric / basis | Quartr actual | API Ninjas consensus | Beat/Miss | Beat/Miss % |
|---|---|---|---|---|
| Revenue / total revenue, consolidated statements of operations | $5.618m | $5.5125m | Beat +$0.1055m | +1.9% |
| EPS / adjusted diluted (non-GAAP net income from continuing operations) | $0.08 | $0.075 | Beat +$0.005 | +6.7% |
- Consensus scorecard, bulleted equivalent:
- Revenue / total revenue, consolidated statements of operations: Quartr actual $5.618m against API Ninjas consensus $5.5125m - Beat +$0.1055m, +1.9%.
- EPS / adjusted diluted (non-GAAP net income from continuing operations): Quartr actual $0.08 against API Ninjas consensus $0.075 - Beat +$0.005, +6.7%.
Reported results and guidance
| Metric ($000s except per share) | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenues | $5,618 | $5,621 | −0.1% |
| Cost of revenues | $1,506 | $1,336 | +12.7% |
| Gross profit | $4,112 | $4,285 | −4.0% |
| Gross margin | 73.2% | 76.2% | −3.0 pts |
| General and administrative | $1,350 | $1,752 | −22.9% |
| Sales and marketing expenses | $1,889 | $1,462 | +29.2% |
| Product development | $533 | $655 | −18.6% |
| Depreciation and amortization | $647 | $665 | −2.7% |
| Total operating costs and expenses | $4,419 | $4,534 | −2.5% |
| Operating loss | $(307) | $(249) | 23.3% wider |
| Interest income (expense), net | $(39) | $11 | expense vs income |
| Other income (expense), net | $45 | $(10) | income vs expense |
| Loss before taxes | $(301) | $(248) | 21.4% wider |
| Income tax expense (benefit) | $53 | $(9) | expense vs benefit |
| Net loss from continuing operations | $(354) | $(239) | 48.1% wider |
| Net income (loss) from discontinued operations, net of tax | $(128) | $(236) | 45.8% smaller loss |
| Net loss | $(482) | $(475) | 1.5% wider |
| EBITDA from continuing operations | $454 | $480 | −5.4% |
| Adjusted EBITDA from continuing operations | $642 | $836 | −23.2% |
| Adjusted EBITDA margin | 11.4% | 14.9% | −3.5 pts |
| Non-GAAP net income from continuing operations | $296 | $556 | −46.8% |
| Diluted EPS - continuing operations (GAAP) | $(0.09) | $(0.06) | wider |
| Diluted EPS - discontinued operations (GAAP) | $(0.03) | $(0.06) | narrower |
| Diluted EPS - total (GAAP) | $(0.12) | $(0.12) | unchanged |
| Non-GAAP net income per diluted share | $0.08 | $0.14 | −42.9% |
| Net cash provided by operating activities | $173 | $135 | +28.1% |
| Adjusted free cash flow from continuing operations | $50 | $250 | −80.0% |
| Weighted average diluted shares | 3,862 | 3,857 | +0.1% |
- Q2 consolidated results, bulleted equivalent (Q2 2026 vs Q2 2025): revenues $5,618k vs $5,621k, essentially flat, which the company describes as consistent with the prior year and up 5% from $5,327k in Q1 2026. Cost of revenues rose 12.7% to $1,506k, so gross profit fell 4.0% to $4,112k and gross margin fell three points to 73.2% from 76.2%. Within operating costs, general and administrative fell 22.9% to $1,350k and product development fell 18.6% to $533k, while sales and marketing rose 29.2% to $1,889k; depreciation and amortization was $647k against $665k. Total operating costs fell 2.5% to $4,419k, leaving an operating loss of $(307)k against $(249)k. Interest was a $(39)k net expense against $11k of net income, other income was $45k against $(10)k of expense, and the pre-tax loss was $(301)k against $(248)k. A $53k income tax expense was recorded against a $(9)k prior-year benefit, so the net loss from continuing operations widened 48.1% to $(354)k. Discontinued operations lost $(128)k against $(236)k, and the total net loss was $(482)k against $(475)k. On a non-GAAP basis, EBITDA was $454k against $480k, Adjusted EBITDA was $642k against $836k at an 11.4% margin versus 14.9%, and non-GAAP net income from continuing operations was $296k, or $0.08 per diluted share, against $556k, or $0.14. GAAP diluted EPS was $(0.09) from continuing operations, $(0.03) from discontinued operations and $(0.12) in total, against $(0.06), $(0.06) and $(0.12). Operating cash flow rose 28.1% to $173k while adjusted free cash flow fell 80.0% to $50k. Diluted weighted-average shares were 3,862k against 3,857k.
| Non-GAAP bridge, Q2 ($000s) | Q2 2026 | Q2 2025 |
|---|---|---|
| Net loss from continuing operations | $(354) | $(239) |
| Depreciation and amortization | $716 | $739 |
| Interest expense, net | $39 | $(11) |
| Income tax expense (benefit) | $53 | $(9) |
| EBITDA from continuing operations | $454 | $480 |
| Acquisition and/or integration costs | - | $72 |
| Other non-recurring expenses | $42 | $95 |
| Stock-based compensation expense | $146 | $189 |
| Adjusted EBITDA from continuing operations | $642 | $836 |
| Amortization of intangible assets (non-GAAP net income bridge) | $619 | $630 |
| Other unusual items (non-GAAP net income bridge) | $42 | $167 |
| Discrete items impacting income tax expense | $13 | $16 |
| Tax impact of adjustments | $(170) | $(207) |
| Non-GAAP net income from continuing operations | $296 | $556 |
- Non-GAAP bridge, bulleted equivalent: the Adjusted EBITDA bridge starts from the $(354)k continuing-operations net loss, adds $716k of depreciation and amortization, $39k of net interest expense and $53k of tax expense to reach $454k of EBITDA, then adds $42k of other non-recurring expenses and $146k of stock-based compensation to reach $642k. There were no acquisition or integration costs in the 2026 quarter against $72k a year earlier. The $42k of other non-recurring expense is the $50k of non-recurring fees less an $8k gain on the change in fair value of the interest rate swap; the prior-year $95k was $85k of fees plus a $10k swap loss. The non-GAAP net income bridge adds $619k of acquisition-related intangible amortization, $146k of stock compensation, $42k of other unusual items and $13k of discrete tax items to the $(354)k loss, less $170k of tax impact at the 21% federal rate, giving $296k, or $0.08 per diluted share on 3,862k shares. Both bridges foot exactly in both years.
| Metric ($000s except per share) | 6M 2026 | 6M 2025 | Change |
|---|---|---|---|
| Revenues | $10,945 | $11,097 | −1.4% |
| Gross profit | $8,063 | $8,558 | −5.8% |
| Gross margin | 73.7% | 77.1% | −3.4 pts |
| Total operating costs and expenses | $9,088 | $9,484 | −4.2% |
| Operating loss | $(1,025) | $(926) | 10.7% wider |
| Net loss from continuing operations | $(965) | $(1,004) | 3.9% narrower |
| Net income (loss) | $(1,093) | $4,912 | loss vs income |
| EBITDA from continuing operations | $476 | $476 | unchanged |
| Adjusted EBITDA from continuing operations | $1,206 | $1,400 | −13.9% |
| Non-GAAP net income from continuing operations | $704 | $762 | −7.6% |
| Diluted EPS - continuing operations (GAAP) | $(0.25) | $(0.26) | narrower |
| Diluted EPS - total (GAAP) | $(0.28) | $1.28 | loss vs income |
| Non-GAAP net income per diluted share | $0.18 | $0.20 | −10.0% |
| Net cash provided by operating activities | $1,044 | $882 | +18.4% |
| Free cash flow from continuing operations | $813 | $847 | −4.0% |
| Adjusted free cash flow from continuing operations | $1,002 | $1,217 | −17.7% |
- Six-month results, bulleted equivalent: revenues $10,945k vs $11,097k (−1.4%), which the company attributes to lower webcasting revenue from resellers and virtual annual meetings and to ProPlan customer attrition, with core press release revenue up 1%. Gross profit $8,063k vs $8,558k (−5.8%) at a 73.7% margin versus 77.1%; total operating costs $9,088k vs $9,484k (−4.2%); operating loss $(1,025)k vs $(926)k. Net loss from continuing operations $(965)k vs $(1,004)k; the total net loss of $(1,093)k compares against $4,912k of prior-year net income, which included the gain on the Compliance business disposal. EBITDA was $476k in both halves; Adjusted EBITDA $1,206k vs $1,400k (−13.9%); non-GAAP net income $704k, or $0.18 per diluted share, vs $762k, or $0.20. GAAP diluted EPS was $(0.25) from continuing operations and $(0.28) in total against $(0.26) and $1.28. Operating cash flow rose 18.4% to $1,044k, free cash flow was $813k against $847k after $231k of capitalized software and fixed asset spend versus $35k, and adjusted free cash flow was $1,002k against $1,217k.
| Key performance indicator | June 30, 2026 | June 30, 2025 | Change |
|---|---|---|---|
| Customers with an active contract in the trailing twelve months | 14,583 | not stated in this release | n/a |
| Subscription customers (including EDU) | 1,162 | not stated in this release | n/a |
| Of which EDU platform subscribers | 115 | not stated in this release | n/a |
| Average ARR per subscription customer (excludes EDU) | $12,718 | $11,039 | +15.2% |
- Key performance indicators, bulleted equivalent: 14,583 customers held an active contract during the trailing twelve months as of June 30, 2026. Subscription customers increased during the quarter to 1,162, of which 115 are EDU platform subscribers. Average ARR per subscription customer, which excludes EDU customers, was $12,718 against $11,039 a year earlier, up 15.2%. The release gives no prior-period customer or subscriber counts, only the prior-period ARR per customer.
| Balance sheet ($000s) | June 30, 2026 | December 31, 2025 | Change |
|---|---|---|---|
| Cash and cash equivalents | $2,962 | $3,025 | −2.1% |
| Accounts receivable, net | $3,450 | $3,884 | −11.2% |
| Total current assets | $7,617 | $8,422 | −9.6% |
| Goodwill | $19,043 | $19,043 | unchanged |
| Intangible assets, net | $8,235 | $9,475 | −13.1% |
| Deferred tax asset | $3,865 | $3,691 | +4.7% |
| Total assets | $40,042 | $41,992 | −4.6% |
| Accounts payable | $1,566 | $1,501 | +4.3% |
| Deferred revenue | $5,072 | $5,265 | −3.7% |
| Total current liabilities | $9,298 | $9,538 | −2.5% |
| Current portion of notes payable | $870 | $870 | unchanged |
| Long-term debt, net of discount | $1,260 | $1,686 | −25.3% |
| Total liabilities | $10,788 | $11,647 | −7.4% |
| Retained earnings | $4,339 | $5,432 | −20.1% |
| Total stockholders' equity | $29,254 | $30,345 | −3.6% |
| Shares issued and outstanding | 3,854,504 | 3,850,435 | +0.1% |
- Balance sheet, bulleted equivalent: cash was $2,962k against $3,025k at year end and accounts receivable fell 11.2% to $3,450k, taking total current assets to $7,617k from $8,422k. Goodwill was unchanged at $19,043k and intangible assets fell to $8,235k from $9,475k on $1,240k of six-month amortization. Total assets were $40,042k against $41,992k. Total current liabilities were $9,298k against $9,538k, including $5,072k of deferred revenue against $5,265k and an unchanged $870k current portion of notes payable. Long-term debt fell 25.3% to $1,260k, so total debt is $2,130k against $2,556k at year end and the company carries roughly $832k of net cash. Total liabilities were $10,788k against $11,647k, and total stockholders' equity $29,254k against $30,345k as retained earnings fell to $4,339k from $5,432k. Shares issued and outstanding were 3,854,504 against 3,850,435. Every column of this balance sheet foots exactly: current assets, current liabilities, total liabilities, total equity, and liabilities plus equity against total assets, in both periods.
| Cash flow, six months ($000s) | 6M 2026 | 6M 2025 |
|---|---|---|
| Net cash provided by operating activities | $1,044 | $882 |
| Capitalized software | $(209) | $(23) |
| Purchase of fixed assets | $(22) | $(12) |
| Proceeds from sale of Compliance business | - | $12,000 |
| Net cash provided by (used in) investing activities | $(231) | $11,965 |
| Payment of principal of note payable | $(435) | $(12,957) |
| Payment for stock repurchase and retirement | $(331) | - |
| Net cash used in financing activities | $(766) | $(12,957) |
| Net change in cash and cash equivalents | $47 | $(110) |
| Currency translation adjustment | $(110) | $118 |
| Cash and cash equivalents - ending | $2,962 | $4,111 |
| Cash paid for income taxes | $155 | $387 |
| Cash paid for interest | $76 | $317 |
- Cash flow, bulleted equivalent: operating activities provided $1,044k against $882k. Investing used $(231)k, being $(209)k of capitalized software and $(22)k of fixed assets, against $11,965k provided a year earlier when the $12,000k of Compliance business sale proceeds landed. Financing used $(766)k, comprising $(435)k of note principal repayment and $(331)k paid for stock repurchase and retirement, against $(12,957)k of principal repayment a year earlier funded by that disposal. The net change in cash was $47k against $(110)k, and after a $(110)k currency translation adjustment cash ended at $2,962k against $4,111k. Cash paid for income taxes fell to $155k from $387k and cash paid for interest to $76k from $317k. Both years reconcile exactly from beginning cash of $3,025k and $4,103k.
| Guidance item | New guide in this release | Prior guide | Reference point |
|---|---|---|---|
| Revenue, EBITDA, EPS or cash flow guidance | none given | none given | no numeric outlook of any kind appears in this release |
| Cost of revenues reduction initiative | approximately $150 thousand of cost reduction in the back half of 2026 | not stated | against $1,506k of Q2 cost of revenues |
| Product roadmap | several more product enhancements before year end | not stated | Social Monitoring platform and Insight & Analytics Report released in the last 90 days |
- Guidance, bulleted equivalent: the company issues no revenue, earnings, EBITDA or cash flow outlook in this release. The only forward numeric statement is that management has implemented initiatives to bring down cost of revenues by approximately $150 thousand in the back half of the year. Management also states it is on track to release several more product enhancements before year end, following the Social Monitoring platform and the Insight & Analytics Report released in the last 90 days, and that it continued its buyback with aggregate repurchases totaling 62,000 shares for approximately $0.5 million at quarter end.
Key bullish aspects
- Total revenue of $5.618m beat the API Ninjas consensus of $5.5125m by $0.1055m, or 1.9%, and non-GAAP net income per diluted share of $0.08 beat the $0.075 consensus by $0.005, or 6.7%. Both scorecard metrics came in above consensus.
- Revenue rose 5% sequentially from $5,327k in Q1 2026, driven by a 10% increase in core press release volume, and core press release revenue rose 2% year over year.
- Average ARR per subscription customer rose 15.2% to $12,718 from $11,039, and subscription customers increased during the quarter to 1,162.
- General and administrative expense fell 22.9% to $1,350k, and for the half fell to $3,131k from $3,705k. Product development fell 18.6% to $533k. Total operating costs fell 2.5% despite the marketing step-up.
- Operating cash flow rose 28.1% to $173k in the quarter and 18.4% to $1,044k for the half, both against a period of GAAP net losses.
- The balance sheet carries net cash. Total debt fell to $2,130k from $2,556k at year end against $2,962k of cash, and cash paid for interest for the half fell to $76k from $317k.
- Adjusted EBITDA remained positive at $642k, or 11.4% of revenue, and $1,206k for the half.
- The company repurchased 62,000 shares for approximately $0.5 million at quarter end and paid $331k for stock repurchase and retirement in the half, its first buyback outflow in the comparable period.
- Two new products, the Social Monitoring platform and the Insight & Analytics Report, were released in the last 90 days, with several more enhancements stated as on track before year end.
- Management states cost initiatives are already implemented to reduce cost of revenues by approximately $150 thousand in the second half, against a Q2 cost of revenues of $1,506k.
- Accounts receivable fell 11.2% to $3,450k from year end while revenue rose sequentially, so collections improved.
- The prior-year quarter carried $72k of acquisition and integration costs and $167k of other unusual items; the 2026 quarter carried no acquisition costs and $42k of other unusual items, so the adjustment burden is smaller.
Key bearish aspects
- Revenue was flat year over year at $5,618k against $5,621k, and fell 1.4% for the half to $10,945k. The beat is against a consensus that had already been set below the prior-year actual on both metrics: consensus revenue of $5.5125m sat below the $5,621k reported a year earlier, and consensus EPS of $0.075 sat well below the $0.14 reported a year earlier.
- Gross margin fell three points to 73.2% from 76.2% as cost of revenues rose 12.7% to $1,506k. The company attributes this to press release distribution costs from new partners, price increases from existing partners and additional usage under variable contracts, which are structural rather than one-time.
- Adjusted EBITDA fell 23.2% to $642k and its margin fell 3.5 points to 11.4% from 14.9%. For the half, Adjusted EBITDA fell 13.9% to $1,206k.
- Non-GAAP net income fell 46.8% to $296k and non-GAAP diluted EPS fell 42.9% to $0.08 from $0.14. The $0.08 that beat consensus is little more than half of what the company earned on this basis a year ago.
- The GAAP operating loss widened 23.3% to $(307)k and the net loss from continuing operations widened 48.1% to $(354)k. The company has now posted a GAAP operating loss in both quarters of 2026.
- A $53k income tax expense was recorded on a $(301)k pre-tax loss, against a $(9)k benefit on a comparable prior-year loss, so the loss received no tax shield. The release does not explain the driver.
- Sales and marketing expense rose 29.2% to $1,889k, an incremental $427k, against a revenue line that did not grow year over year.
- Webcasting revenue is declining on lower virtual annual meetings and reseller activity, and ProPlan revenue is declining on customer attrition. These offsets consumed the 2% growth in the core press release business in the quarter and the 1% growth for the half.
- Adjusted free cash flow fell 80.0% to $50k in the quarter and 17.7% to $1,002k for the half, and capitalized software plus fixed asset spend rose to $231k from $35k.
- Discontinued operations continued to cost money a year after the Compliance divestiture, at $(128)k after tax in the quarter and for the half.
- Retained earnings fell 20.1% to $4,339k from $5,432k at year end, and total equity fell to $29,254k, so the half's losses and buyback outpaced any accretion.
- Shares issued and outstanding rose by 4,069 to 3,854,504 despite 62,000 shares being repurchased, so equity issuance more than offset the buyback on a net count basis.
- Cash fell to $2,962k from $3,025k at year end despite positive operating cash flow, after debt repayment, buyback and a $(110)k currency translation adjustment.
- Intangible amortization of $619k per quarter is the single largest non-GAAP add-back and exceeds the entire quarter's Adjusted EBITDA of $642k less stock compensation; $8,235k of intangibles remain to be amortized.
Key uncertainties
- The basis of the API Ninjas consensus is not stated by either source. The $0.075 EPS estimate was compared against the company's non-GAAP net income from continuing operations of $0.08 per diluted share under the configured maximal-mode ladder. On the GAAP diluted basis of $(0.09) from continuing operations, or $(0.12) in total, the EPS row would be a large miss rather than a beat. Which basis the estimate was built on cannot be determined here.
- The company issues no guidance of any kind. There is no revenue, EBITDA, earnings or cash flow outlook against which the second half can be measured, and the only forward number is the approximately $150 thousand cost of revenues initiative.
- The trajectory of press release distribution costs is open. Management identifies three separate causes - new partners, price increases from existing partners and additional usage under variable contracts - and quantifies an offset of roughly $150 thousand for the half, but does not size the underlying cost pressure.
- The quality of the ARR per customer increase cannot be assessed. The release gives no prior-period subscription customer count, so whether the 15.2% rise reflects genuine pricing and expansion or the attrition of smaller accounts is not determinable. The metric also excludes the 115 EDU subscribers without stating their contribution.
- The $427k step-up in sales and marketing is presented as a deliberate investment to capture renewed industry growth, with no stated target, payback period or expected revenue contribution.
- The composition of the $50k of Q2 non-recurring fees and the $339k of six-month non-recurring fees is not described beyond the label.
- The residual cost of the divested Compliance business is not characterized. Discontinued operations produced a further $(128)k after-tax loss with no explanation of what remains.
- The gap between the 62,000 shares repurchased for approximately $0.5 million stated in the narrative and the $331k of cash paid for stock repurchase and retirement in the cash flow statement is not reconciled in the release, so the settlement timing of the balance is unclear.
- No buyback authorization size, remaining capacity, dividend or other capital return statement appears in this release.
- The $53k income tax expense on a pre-tax loss, and the $3,865k deferred tax asset that grew during the half, are not discussed. Whether the tax line repeats at this level is material to a company earning $296k of non-GAAP net income per quarter.
- The interest rate swap remains outstanding as a $1k liability against $20k at year end, and its fair value change is adjusted out of both non-GAAP measures each period.
- Liquidity is thin. The API Ninjas snapshot shows 4,805 shares traded against 3.85 million shares outstanding, so the price reaction to this release may not be informative.
Market context
- API Ninjas price snapshot for ACCS: $6.50 on AMEX with volume of 4,805, timestamped 2026-08-11T12:41:43Z. That is roughly 08:42 Eastern, before the regular session opens, so this is a pre-market snapshot and not a complete intraday reaction to the release. No reaction is characterized here.
- The release was published pre-market on 2026-08-11, ahead of the 9:00 a.m. Eastern (13:00Z) conference call; the document header carries an "August 11, 2026 2:30 PM" publication stamp and the Quartr source PDF is stamped 2026-08-11 12:34:48Z with a "Captured 11 aug. 2026 14:34" source note. The event therefore qualified on the document-availability arm of the due-event window rather than the call clock.
- Conference call access is stated in the release: 9:00 a.m. Eastern on 2026-08-11, access code 737189, with a replay available approximately one hour after the live event and a webcast replay and transcript posted to the company's investor site.
Source limitations
- Every displayed actual comes from Quartr earnings release document 3688649. All 16 pages were read, covering the highlights, the non-GAAP reconciliations, the free cash flow reconciliation, the consolidated balance sheets, the consolidated statements of operations, the consolidated statements of cash flows and the supplemental disclosures. No separate Quartr standardized financials document is attached to this event.
- The non-GAAP tables render in the source text layer with their labels and values in separate blocks, so every figure was placed by footing rather than by position. The Adjusted EBITDA bridge foots exactly in both years ($454k plus $0k, $42k and $146k equals $642k in 2026; $480k plus $72k, $95k and $189k equals $836k in 2025), as does the six-month bridge ($476k to $1,206k and $476k to $1,400k). The non-GAAP net income bridge also foots exactly in both quarters and both halves, and the resulting per-share amounts reconcile against the stated diluted share counts. The 2026 acquisition and integration cost line is shown as nil above because it is the only value consistent with those footings; the source text omits it.
- The quarterly free cash flow reconciliation could not be fully placed. Net cash provided by operating activities of $173k and $135k, the $(123)k of 2026 capital spend, and adjusted free cash flow of $50k and $250k are all confirmed by the release narrative or by footing. The individual 2025 adjustment lines within that quarterly table are not reproduced. The six-month version foots exactly ($813k plus $189k equals $1,002k; $847k plus $118k plus $252k equals $1,217k) and is shown in full.
- Individual working-capital lines within the consolidated statements of cash flows could not be reliably assigned to their two columns in the source text layer and are not reproduced. Only the subtotals and the individually labeled investing and financing lines are shown; those reconcile exactly from beginning to ending cash in both periods.
- The API Ninjas row for ACCS dated 2026-08-11 carried no fiscal_year or fiscal_quarter, so the exact ticker-and-date match path in
build_api_metadatawas used against the Quartr event date of 2026-08-11. No fiscal-period conflict exists. The provider supplied no actual revenue or actual EPS for this event, so no reconciliation diagnostic was available; under maximal mode that does not suppress the comparison. - API Ninjas supplied only the consensus estimates. Provider difference and difference-percentage fields were not used; both scorecard variances were calculated locally as the Quartr actual less the API Ninjas estimate, divided by the absolute estimate.
- No transcript exists for this event yet, so nothing in this report reflects management commentary beyond the release text. The call is scheduled for 2026-08-11 at 13:00Z.