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Issuer Direct Corporation (NYSE American: ISDR) is a leading communications and compliance company that focuses on simplifying the complexities of financial compliance for corporate issuers. The company offers a comprehensive suite of disclosure management solutions, shareholder communication tools, and cloud-based compliance technologies designed to enhance efficiency for its diverse clientele, which includes public and private companies, mutual funds, law firms, brokerage firms, investment banks, and more.
Issuer Direct's core offerings include PR solutions, IR solutions, compliance services, and event management software. These products are tailored to meet the specific needs of public relations and investor relations professionals, ensuring that critical communications reach their intended audiences effectively. The company is known for its industry-leading newswire services, such as ACCESSWIRE, which provides global news distribution with predictable flat-fee pricing and top-tier customer service.
Recent achievements highlight the company's continuous growth and commitment to innovation. For instance, Issuer Direct's ACCESSWIRE brand recently launched the new Media Suite platform, which empowers PR professionals with tools for media engagement, brand monitoring, and strategic media pitching. This platform also offers seamless integration with press release distribution services, enhancing the overall user experience.
The company has also formed strategic partnerships to expand its service offerings. A notable partnership with ASTA-USA Translation Services enables Issuer Direct's customers to access high-quality language translation services, thereby breaking down language barriers and enhancing global communications.
Financially, Issuer Direct has demonstrated consistent performance. As of the fourth quarter of 2023, the company reported increases in key financial metrics such as revenue, gross margins, and adjusted EBITDA compared to the previous year. The communications segment alone contributed to 73% of the overall revenues, driven predominantly by their news distribution business.
Issuer Direct is actively engaged in the industry through various exhibitions and sponsorships. It participates in significant events like the PDAC Tradeshow North, The Conference Board's Corporate Communications Conference, and the Planet MicroCap Showcase. These engagements allow the company to showcase its solutions and connect with industry leaders and potential clients.
In summary, Issuer Direct Corporation stands out as a pivotal player in the communications and compliance industry, offering innovative solutions that cater to the evolving needs of its clients. With a strong financial track record, strategic partnerships, and continuous product innovation, Issuer Direct is well-positioned to maintain its leadership in the market.
Issuer Direct (NYSE American:ISDR) reported Q3 2024 results showing mixed performance. Revenue decreased 8% to $7.0M from $7.6M in Q3 2023, while operating income declined to $156,000 from $593,000. The company reported a net loss of $(466,000) or $(0.12) per share, compared to net income of $273,000 in Q3 2023. Despite revenue decline, subscriptions increased 9% quarter-over-quarter to 1,121, driving annual recurring revenue up by nearly $1M. Cash flow from operations improved significantly to $1.5M from $0.3M in Q3 2023. The company's transition toward a recurring revenue communications model centered around Media Suite products is showing progress, though impacting short-term financial metrics.
Issuer Direct (NYSE American:ISDR) has scheduled its third quarter 2024 earnings conference call for November 7, 2024, at 4:30 PM Eastern Time. The company will host both a conference call and live webcast to discuss Q3 2024 results. Participants can join via phone using toll number 973-528-0011 or toll-free 888-506-0062 with access code 573758. A replay will be available approximately one hour after the event through both phone and web platforms.
Issuer Direct (NYSE American:ISDR) reported Q2 2024 results with total revenue of $7.7 million, a 20% decrease year-over-year but a 10% increase from Q1 2024. Communications revenue remained flat compared to Q2 2023 and increased 9% from Q1 2024. The company saw a 15% increase in core news distribution volumes from Q1 2024. Gross margin was 77% of revenue, slightly up from 76% in Q2 2023. Operating income decreased to $334,000 from $1,747,000 in Q2 2023. GAAP net income was $7,000 or $0.00 per diluted share. The company reported negative operating cash flows of $190,000 compared to positive $1,731,000 in Q2 2023. Adjusted EBITDA was $1,465,000 or 19% of revenue, down from $3,019,000 or 31% of revenue in Q2 2023.
Issuer Direct (NYSE American:ISDR), a leading communications company, has announced its upcoming second quarter 2024 earnings conference call and live webcast. The event is scheduled for August 8, 2024, at 4:30 pm Eastern Time. Participants can join the call by dialing 973-528-0002 (toll) or 877-545-0320 (toll-free) approximately 5 to 10 minutes before the start time, using access code 135556. A live webcast will also be available. For those unable to attend, a replay will be accessible about 1 hour after the event concludes, with dial-in numbers 919-882-2331 (toll) and 877-481-4010 (toll-free), using passcode 50909. The web replay and transcript will be available on the company's website.
Issuer Direct, an industry-leading communications company, announced the appointment of Wes Pollard and Joe Staples as new independent members of its Board of Directors, effective July 1, 2024. CEO Brian Balbirnie expressed confidence in their contributions to the company's strategic vision in PR and IR sectors. The board now includes Graeme P. Rein, Wes Pollard, Joe Staples, and Brian R. Balbirnie, with Pollard and Staples bringing extensive experience in finance and marketing, respectively. Pollard, CFO of Primeritus Financial Services, has a background in accounting and finance, while Staples, with 22 years as a senior marketing executive, specializes in SaaS and marketing technology. This restructuring aims to optimize business operations and maximize shareholder value.
Issuer Direct (NYSE American: ISDR) announced its sponsorship of the 37th Annual CIRI Conference, held from June 2-4, 2024, in Calgary, Canada. The conference, themed 'Innovation Unleashed: The Future of IR,' will provide Investor Relations professionals the opportunity to network and learn about the latest industry trends. Jennifer Hammers, EVP of Sales & Marketing, expressed excitement about rejoining the event to connect with clients and industry experts. Issuer Direct offers a range of services including newswire, IR websites, webcast solutions, event management software, and media monitoring.
Issuer Direct reported first-quarter revenue of $7.0 million, a 19% decrease from Q1 2023. The decrease was attributed to fewer press releases from news distribution customers. Despite the revenue decline, cash flow from operations increased to $1.0 million, and subscriptions grew to 1,043. The company remains confident in its products and team, focusing on acquiring new customers and innovating with partners to maximize value for shareholders.
Issuer Direct , listed as ISDR on NYSE American, will host a conference call and webcast on May 9, 2024, at 4:30 p.m. Eastern Time to discuss their first quarter 2024 results. Participants can join the call by dialing in or accessing the webcast. A replay will also be available post-event.
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