ACCESS Newswire

Predictability is improving as subscriptions grow and deferred revenue rises. Q1 2026 showed roughly 1,100 subscriptions with higher average ARR per customer and deferred revenue of $5.39 million. That said, total revenue still includes per‑release activity and events that vary with market sentiment and small‑cap issuance cycles.

The 2025 divestiture reset the base, and while the model is simpler, the history includes an impairment in 2024 and revenue declines of 2% YoY in 2025 (continuing ops). We view the emerging subscription mix as a stabilizer, albeit from a small base.