earnings
confidence high
sentiment neutral
materiality 0.70
ISG Q2 revenue down 14% to $64.3M; adj. EPS $0.08; guides Q3 $64-66M
Information Services Group Inc.
2024-Q2 EPS reported
-$0.03
revenue$128,532,000
- Q2 revenue $64.3M (-14% YoY); net income $2.0M ($0.04 GAAP EPS) vs $2.3M ($0.05) a year ago.
- Adjusted EPS $0.08; adjusted EBITDA $7.0M, up >60% sequentially; margin up 400 bps QoQ.
- Americas revenue $40.0M (-5%), Europe $18.8M (-23%), Asia Pacific $5.5M (-31%).
- Declared Q3 dividend $0.045/share, payable Oct 4, 2024, record Sep 6, 2024.
- Guides Q3 revenue $64-66M, adj. EBITDA $7-8M; Tango platform contract value exceeds $4B.