earnings
confidence high
sentiment negative
materiality 0.70
ISG Q3 revenue $61M (-15% YoY); net income $1.1M, adj EPS $0.05; sells automation unit for $27M
Information Services Group Inc.
2024-Q3 EPS reported
$0.00
revenue$189,808,000
- GAAP revenue $61.3M, down 15% from $71.8M a year ago; Americas revenue fell 5%, Europe down 27%, APAC down 32%.
- Net income $1.1M ($0.02 diluted EPS), vs $3.2M ($0.06) prior year; adjusted EPS $0.05, adjusted EBITDA $7M.
- Sold robotic process automation unit on Oct 1 for $27M cash; $20M received at close, $7M in escrow subject to conditions.
- Declared Q4 dividend of $0.045/share, payable Dec 20 to holders of record Dec 3.
- Q4 guidance: revenue $57-58M, adjusted EBITDA $6.0-7.0M; CEO sees rising U.S. demand with $5B contract value on Tango platform (up 25% QoQ).