Issuer Direct Corp (A:ISDR)
Business Focus: Cloud Computing Services
| Sector: Technology | Industry: IT Services & Consulting |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1 Glenwood Ave., Suite 1001 RALEIGH NC 27603 |
| Tel: | N/A |
| Website: | https://www.issuerdirect.com |
| IR: | See website |
| Key People | ||
| Brian R. Balbirnie President, Chief Executive Officer, Director | Steven Winfield Knerr Interim Chief Financial Officer, Vice President - Finance, Controller | |
| Business Overview |
| Issuer Direct Corporation is a communications company engaged in providing solutions for both public relations and investor relations professionals for over 18 years. The Company's platform consists of several related but distinct communications and compliance modules that companies and customers utilize every quarter. Its communications platform consists of its press release distribution businesses branded as ACCESSWIRE and Newswire, its webcasting and events business, professional conference and events software, as well as its investor relations Website technology. Its existing press release offering, which is marketed under the brand ACCESSWIRE, is a news dissemination and media outreach service. Its webcasting and events business consist of its earnings call webcasting solutions and its virtual meeting and events software. Its compliance offerings consist of its disclosure software for financial reporting, whistleblower hotline and related annual meetings, and others. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Issuer Direct Corp revenues increased 42% to $33.4M. Net income decreased 60% to $766K. Revenues reflect Communications segment increase of 50% to $24.2M, Compliance segment increase of 24% to $9.2M. Net income was offset by General and administrative increase of 28% to $8.9M (expense), Depreciation and Amortization increase from $970K to $2.9M (expense). |
| Employees: | 136 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $58.65M as of Dec 31, 2023 |
| Annual revenue (TTM): | $33.38M as of Dec 31, 2023 |
| EBITDA (TTM): | $4.79M as of Dec 31, 2023 |
| Net annual income (TTM): | $0.77M as of Dec 31, 2023 |
| Free cash flow (TTM): | $2.56M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $14.20M as of Dec 31, 2023 |
| Shares outstanding: | 3,815,212 as of Mar 7, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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