Revenue Performance - Total revenues decreased by $10.5 million, or approximately 15%, in Q3 2024 compared to Q3 2023, with revenues of $61.3 million [74]. - Revenue in the Americas decreased by $2.3 million (5%), Europe by $5.9 million (27%), and Asia Pacific by $2.3 million (32%) in Q3 2024 [75]. - Total revenues for the nine months ended September 30, 2024, decreased by $35.1 million, or approximately 16%, totaling $189.8 million [88]. - Revenue in the Americas for the nine months ended September 30, 2024, decreased by $12.2 million (9%), Europe by $16.7 million (24%), and Asia Pacific by $6.2 million (28%) [88]. Operating Expenses - Operating expenses decreased by $8.6 million, or approximately 13%, in Q3 2024, totaling $57.0 million [76]. - Total operating expenses decreased by $22.5 million, or approximately 11%, for the nine months ended September 30, 2024, primarily due to lower contract labor and compensation expenses [89]. - Direct costs and expenses for advisors decreased by $6.5 million (15%) in Q3 2024, totaling $36.5 million [76]. - Direct costs and expenses for advisors were $116.5 million for the nine months ended September 30, 2024, down from $138.0 million in the same period of 2023, a decrease of 16% [89]. Tax and Income - The effective tax rate for Q3 2024 was 60.2%, compared to 33.2% in Q3 2023, primarily due to earnings and losses in certain foreign jurisdictions [85]. - The effective tax rate for the nine months ended September 30, 2024, was 112.9%, compared to 34.1% for the same period in 2023, primarily due to non-deductible expenses and foreign operations [96]. - Net income for the three months ended September 30, 2024, was $1.1 million, compared to a net loss of $3.2 million for the same period in 2023 [102]. Cash Flow and Debt - As of September 30, 2024, the company's cash, cash equivalents, and restricted cash decreased to $9.8 million from $22.8 million as of December 31, 2023, a net decrease of $13.0 million [105]. - The company reported net cash provided by operating activities of $13.3 million and repaid outstanding debt of $23.0 million during the period [106]. - The company's total debt principal outstanding was $66.2 million as of September 30, 2024, with a debt to EBITDA ratio of 3.0 times [120][121]. - The company amended its senior secured credit facility to increase revolving commitments from $54.0 million to $140.0 million, with a maturity date of February 22, 2028 [107]. Future Outlook and Investments - The company is focused on expanding geographically and developing new industry sectors to support future growth plans [69]. - The company plans to continue investing in training and professional development to enhance project management skills and proprietary methodologies [92]. - The company anticipates that current cash and ongoing cash flows will be adequate to meet working capital and capital expenditure needs for at least the next twelve months [114]. Other Financial Information - A fourth-quarter dividend of $0.045 per share was approved, payable on December 20, 2024, to shareholders of record as of December 3, 2024 [115]. - The company experienced a positive impact of foreign currency translation of $0.6 million for the nine months ended September 30, 2024 [123]. - The company has no off-balance sheet financing arrangements or liabilities [116]. - The company is currently in compliance with its financial covenants [113]. - The fair value of the company's outstanding borrowings was approximately $66.9 million as of September 30, 2024 [113].

Financial Data and Key Metrics Changes - The company reported revenues of $61 million for Q3 2024, down 15% year-over-year, but at the top of expectations [9][25] - Adjusted EBITDA was $7.1 million, down from $10.6 million in the prior year, resulting in an EBITDA margin of 11.6% compared to 14.8% a year ago [25][27] - Operating income decreased to $4.3 million from $6.2 million in the previous year [26] - Net cash provided by operations was nearly $9 million, significantly up from $3.2 million last year [10][30] Business Line Data and Key Metrics Changes - Recurring revenues represented 45% of total revenues, up 175 basis points from the same period last year [9] - Utilization reached a record high of 77%, up 400 basis points year-over-year [10][30] - The automation unit was sold for $27 million, which is expected to enhance the company's balance sheet and investment capabilities [13] Market Data and Key Metrics Changes - In the Americas, revenues were $40 million, down 5% year-over-year, but showed stability quarter-over-quarter [16][25] - European revenues were $16 million, down 27% year-over-year, reflecting a challenging discretionary spending environment [19][25] - Asia Pacific revenues were $5 million, down 32% year-over-year, primarily due to reduced Australian government spending [22][25] Company Strategy and Development Direction - The company plans to leverage its strong cash flow to reduce debt and accelerate share repurchases [13][30] - Focus areas include AI, advisory platforms, and mid-market expansion, with expectations for significant growth in these segments in 2025 [12][15] - The company aims to enhance its market influence through a holistic approach combining research, advisory, and training services [15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about improving demand in the U.S. market and anticipated a recovery in Europe in the coming quarters [23][24] - The company expects to see a significant uptick in business confidence and sales cycles starting in Q4 2024 [40] - AI is seen as a major growth driver, with expectations for revenue acceleration in 2025 and beyond [42][43] Other Important Information - The company reduced its debt by $8 million during the quarter, ending with a debt balance of $66.2 million [30][31] - The headcount as of September 30, 2024, was 1,467, down from the previous year [29] Q&A Session Summary Question: Why is revenue expected to decline sequentially from Q3 to Q4 despite improving demand? - Management clarified that the decline is due to the absence of automation revenue in Q4, which accounted for $7 million to $8 million [34] Question: Is the mid-size market percentage continuing to grow? - Management confirmed that the mid-size market is growing, with expectations for significant acceleration in 2025 [36] Question: Will the company be more aggressive in the stock repurchase program? - Management indicated that they plan to be more aggressive with share buybacks following the automation sale [37][38] Question: Are there signs of improvement in sales cycles in the Americas? - Management expects to see improvements starting in Q4, driven by increased business confidence post-elections [40] Question: What segments are expected to monetize the quickest? - Management highlighted strong growth in the consumer and manufacturing segments, while the BFSI segment has been slower [53] Question: What challenges are faced in Europe and Asia Pacific? - In Asia Pacific, challenges are driven by Australian government spending, while Europe faces a difficult discretionary spending environment [58][59]

Core Viewpoint - Information Services Group (ISG) reported quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.06 per share, and down from $0.11 per share a year ago, indicating a -16.67% earnings surprise [1][2] Financial Performance - ISG's revenues for the quarter ended September 2024 were $61.28 million, missing the Zacks Consensus Estimate by 0.50%, and down from $71.77 million year-over-year [2] - Over the last four quarters, ISG has surpassed consensus EPS estimates only once [2] Stock Performance - ISG shares have declined approximately 28.9% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The current Zacks Rank for ISG is 4 (Sell), indicating expected underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.06 on revenues of $61.07 million, and for the current fiscal year, it is $0.20 on revenues of $251.18 million [7] - The trend for estimate revisions for ISG is currently unfavorable, which may impact future stock performance [6] Industry Context - The Consulting Services industry, to which ISG belongs, is currently ranked in the top 16% of over 250 Zacks industries, suggesting a favorable industry outlook [8]

| --- | --- | --- | |-------------|---------------|---------------------------------------------------------------------------------------| | | | Exhibit 99.1 | | | | Press Contact: Will Thoretz +1 203 517 3119 will.thoretz@isg-one.com | | | | Investor Contact: Michael Sherrick +203 517 3104 michael.sherrick@isg-one.com | | | | | | Information | Services | Group Announces | | | Third-Quarter | 2024 Results | ● Reports third-quarter GAAP revenues of $61 million ● Reports third-quarter net income of $1.1 mill ...

Information Services Group (III) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be release ...

VANCOUVER, British Columbia, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial”) (TSX:III) reports quarterly copper and gold production from Mount Polley and Red Chris mines. Imperial’s production was 15.515 million pounds copper and 13,551 ounces gold, with copper production up slightly from 15.501 million pounds of copper and gold production down slightly from the second quarter production of 13,768 ounces for gold. Metal production included 9.822 million pounds copper and 9,527 oun ...

Investment Outlook - Information Services Group (ISG) reported Q2 2024 financial results, missing revenue but beating earnings consensus estimates [2] - Revenue has not picked up due to macroeconomic pressures negatively impacting client spending [2] - The stock is considered overvalued, leading to a Sell recommendation [2] ISG's Market And Approach - ISG provides technology research and digital transformation consulting services internationally [3] - Key service offerings include ISG Inform, ISG GovernX, ISG Executive Insights, ISG ProBenchmark, and ISG Enterprise Change [3] - The global market for digital transformation services was estimated at $880 billion in 2023 and is expected to reach $4.8 trillion by 2030, with a CAGR of 27.6% [3][4] - The consulting industry segment is expected to reach $235 billion by 2031, growing at a CAGR of 13.3% [5] U.S. Digital Transformation Market - The U.S. digital transformation market size by solution is projected to grow from $109.9 billion in 2020 to $95.1 billion in 2030 [6] - Major players in the industry include EPAM, Globant, Accenture, Slalom, McKinsey & Co., Deloitte Digital, Ideao, BCG, Cognizant, and Capgemini [6] Recent Financial Trends - Total revenue dropped 13.8% year-over-year, while operating income improved due to reduced headcount and higher utilization rates [7] - Gross profit margin rose year-over-year due to higher employee utilization, and selling and G&A expenses as a percentage of total revenue trended lower [8] - Earnings per share (Diluted) turned positive after two previous quarters of negative results, primarily due to cost reductions and lower headcount [10] Balance Sheet and Cash Flow - ISG ended the quarter with $11.8 million in cash and equivalents and $74.2 million in total long-term debt [12] - Free cash flow generated over the trailing twelve months was $12.9 million, with capital expenditures of $4.4 million [12] - Stock-based compensation paid in the last four quarters was $7.8 million [12] Stock Performance and Valuation - ISG's stock price has fallen by 37.1% over the past year, compared to a 12.2% gain in the SPDR® S&P Software & Services ETF (XSW) [13] - Key financial metrics include an EV/Sales (FWD) of 0.9, EV/EBITDA (FWD) of 8.4, and a Price/Sales (TTM) of 0.6 [13] - Revenue growth (YoY) was -10.0%, with a net income margin of -0.4% and an EBITDA margin of 3.9% [13] Industry Challenges and Outlook - The consulting industry is experiencing challenged demand as clients focus on cost-takeout and non-discretionary projects rather than lucrative discretionary engagements [14] - ISG has reduced its headcount by 64 employees sequentially, reflecting the strain on the industry [14] - The industry is in the middle of a significant demand reduction post-pandemic, with ongoing macroeconomic softness and client scrutiny [16] Valuation and Future Prospects - A discounted cash flow (DCF) calculation indicates that ISG's stock is overvalued at its current price of around $3.15 per share, even with a generous 8% discount rate [18] - The industry is pinning hopes on AI-related engagements, but these are currently limited to pilot projects focused on cost-takeout functions [19] - Given the stock's overvaluation and anemic revenue growth, investor funds are recommended to be deployed elsewhere [20]

VANCOUVER, British Columbia, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the "Company") (TSX:III) reports financial results for the three and six months ended June 30, 2024. QUARTER HIGHLIGHTS "Operationally, the second quarter was aligned with guidance, driven largely by higher through-put and copper grades at both Mount Polley and Red Chris," said Brian Kynoch, President. "With consolidated production totalling 27,854,171 pounds copper and 26,629 ounces gold through the first half of th ...

Have you evaluated the performance of Information Services Group's (III) international operations for the quarter ending June 2024? Given the extensive global presence of this market advisory service company, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth. In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-33287 INFORMATION SERVICES GROUP, INC. (Exact name of Registrant as specified in its charter) Delaware 20-5261587 (State or other jurisdict ...