secwatch.observer — SEC 8-K summary
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Issuer:     Information Services Group Inc. (III)
CIK:        0001371489
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001558370-23-013264
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ISG Q2 2023: record revenue $74.6M, net income down 53% to $2.3M, EPS $0.05
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- GAAP revenue $74.6M, up 6% YoY, a second-quarter record; operating income $4.9M, down 32%.
- Net income $2.3M ($0.05 EPS), down from $5.0M ($0.10 EPS) in Q2 2022; adjusted EPS $0.11.
- Adjusted EBITDA $10M; declares Q3 dividend $0.045/share, payable Sep 28 to holders of record Sep 6.
- Board authorized $25M expansion of share repurchase program.
- Q3 2023 guidance: revenue $73M-$75M, adjusted EBITDA $10.5M-$11.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1371489/000155837023013264/0001558370-23-013264-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1371489/000155837023013264/iii-20230803x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-013264

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer