Issuer Direct reports Q3 EPS 17c vs. 27c last year

Reports Q3 revenue $7M vs. $7.6M last year. “While overall revenue decreased, we made solid progress in our transition toward a recurring revenue communications model centered around our new Media Suite products during the third quarter. This contributed to an increase in overall subscriptions, as we ended the quarter with 1,121 subscriptions to our products, up 9% over the prior quarter and 7% over the prior year. This resulted in an increase in annual recurring revenue of almost $1 million since the prior quarter and over $1.4 million since the prior year. This transition toward a full investor relations and public relations ARR subscription model has proven to be attractive to potential customers, while at the same time improving our competitive positioning in the market,” said Brian R. Balbirnie, Issuer Direct’s (ISDR) Chief Executive Officer.