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Earnings Call Summary | Issuer Direct(ISDR.US) Q1 2024 Earnings Conference

Earnings Call Summary | Issuer Direct(ISDR.US) Q1 2024 Earnings Conference

業績電話會議摘要 | Issure Direct (ISDR.US) 2024 年第一季度業績會議
富途資訊 ·  05/12 17:04  · 電話會議

The following is a summary of the Issuer Direct Corporation. (ISDR) Q1 2024 Earnings Call Transcript:

以下是發行人直接公司的摘要。(ISDR) 2024 年第一季度業績電話會議記錄:

Financial Performance:

財務業績:

  • ISDR reported a Q1 2024 total revenue of $7 million, a decrease of 19% year-over-year due to fall in both Communications and Compliance revenue streams.

  • The company's Compliance business was down by 27%, and the Communications sector saw a decrease of 17% year-over-year.

  • ISDR suffered an operating loss of $52,000 for Q1 2024 as opposed to an operating income of $581,000 in Q1 2023.

  • Non-GAAP net income decreased to $321,000 in Q1 2024 from $1.3 million in Q1 2023.

  • Despite a disappointing financial performance, cash flow from operations rose to $986,000 for Q1 2024 from $272,000 in Q1 2023, and adjusted free cash flow was $783,000 compared to $739,000 in Q1 2023.

  • ISDR報告稱,由於通信和合規收入來源下降,2024年第一季度總收入爲700萬美元,同比下降19%。

  • 該公司的合規業務下降了27%,通信行業同比下降了17%。

  • ISDR在2024年第一季度的營業虧損爲52,000美元,而2023年第一季度的營業收入爲58.1萬美元。

  • 非公認會計准則淨收入從2023年第一季度的130萬美元降至2024年第一季度的32.1萬美元。

  • 儘管財務表現令人失望,但運營現金流從2023年第一季度的27.2萬美元增至2024年第一季度的98.6萬美元,調整後的自由現金流爲78.3萬美元,而2023年第一季度爲73.9萬美元。

Business Progress:

業務進展:

  • There was a 20% increase in the total number of customers, up to 12,093 from 10,053 year-over-year.

  • ISDR witnessed an 8% year-over-year and a 3% increase from the previous quarter in deferred revenue.

  • Subscription numbers grew by 4% from last year but declined by 1% from the last quarter due to concentrations in the micro/nano-cap arena.

  • The company anticipates a subscription growth of 5% to 10% each quarter for the remainder of the year.

  • ISDR plans to explore new distribution subscriptions tailored by industry and customer and aims its efforts upwards towards collaborating with mid-, large-, and mega-cap companies.

  • The company plans to harness opportunities in the API integrations market and invests in AI for natural language translation processing. Despite the challenging quarter, organizational optimisation, brand management, expense control, and pipeline enhancement remain the focus points, with confident improvement expectations for the rest of the year.

  • 客戶總數增長了20%,從同比的10,053人增加到12,093人。

  • ISDR的遞延收入同比增長8%,比上一季度增長3%。

  • 訂閱量比去年增長了4%,但由於微型/納米股領域的集中,訂閱量比上個季度下降了1%。

  • 該公司預計,在今年剩餘時間裏,每季度的訂閱量將增長5%至10%。

  • ISDR計劃探索由行業和客戶量身定製的新發行訂閱,並將精力集中在與中型、大型和大型公司的合作上。

  • 該公司計劃利用API集成市場的機會,投資人工智能進行自然語言翻譯處理。儘管這個季度充滿挑戰,但組織優化、品牌管理、支出控制和渠道改善仍然是重點,對今年剩餘時間的改善有信心。

More details: Issuer Direct IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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譯文內容由第三人軟體翻譯。


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