secwatch.observer — SEC 8-K summary
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Issuer:     Information Services Group Inc. (III)
CIK:        0001371489
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001558370-24-007633
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1371489/000155837024007633/0001558370-24-007633-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1371489/000155837024007633/iii-20240509x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-007633

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