ISG reports Q4 loss despite record full-year revenue; launches ISG Tango platform

Information Services Group Inc.

Q4 revenue $66.2M (-11% YoY); net loss $2.9M ($0.06 loss per diluted share).
Full-year record revenue $291M (+2%); net income $6M ($0.12 EPS); adjusted EBITDA $38M.
Q4 included $4.8M bad-debt reserve; excluding it, net income would have been $0.8M ($0.02 EPS).
Launched ISG Tango platform for automated sourcing; Q1 guidance revenue $65M-$67M, adj. EBITDA $6M-$7M.
Declared $0.045/share dividend payable March 29, 2024 to holders of record March 19, 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Information Services Group Inc. reported financial results for the fourth quarter and full year ended December 31, 2023.

Period: the fourth quarter and full year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 7, 2024 Information Services Group, Inc. (“ISG” or the “Company”) released its earnings for the fourth quarter 2023 which ended on December 31, 2023

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Information Services Group Inc. filing history →

Source: SEC EDGAR

accession 0001558370-24-002734

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