ISG Q1 revenues down 18% to $64.3M; net loss $3.4M, adj EPS $0.01; guides Q2 rev $65-67M

Information Services Group Inc.

2024-Q1 EPS reported -$0.07 revenue$64,269,000

Revenue $64.3M vs $78.5M prior year (-18%); net loss $3.4M vs net income $3.5M.
GAAP EPS -$0.07, adjusted EPS $0.01; adjusted EBITDA $4.0M.
Q2 2024 guidance: revenues $65-67M, adjusted EBITDA $7-8M.
Declares $0.045 dividend payable July 5, record June 14, 2024.
Recurring revenue $126M trailing 12 months, up 10% YoY; ISG Tango platform has $2.6B contract value.

item 2.02 item 9.01

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 first quarter ended March 31, 2024.

Period: first quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On May 9, 2024 Information Services Group, Inc. (“ISG” or the “Company”) released its earnings for the first quarter 2024 which ended on March 31, 2024

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Information Services Group Inc. filing history →

Source: SEC EDGAR

accession 0001558370-24-007633

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