secwatch.observer — SEC 8-K summary
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Issuer:     Information Services Group Inc. (III)
CIK:        0001371489
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001558370-24-014886
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ISG Q3 revenue $61M (-15% YoY); net income $1.1M, adj EPS $0.05; sells automation unit for $27M
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1371489/000155837024014886/0001558370-24-014886-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1371489/000155837024014886/iii-20241107x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-014886

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