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Stock impact report

Issuer Direct Reports First Quarter 2024 Results - First Quarter Revenue of $7.0 million, a Decrease of 19% from Q1 2023 [Yahoo! Finance]

Issuer Direct Corporation (ISDR) 
NASDAQ:AMEX Investor Relations: issuerdirect.com/company/investor-relations
Company Research Source: Yahoo! Finance
"The first quarter started 2024 off slower than we anticipated, primarily as a result of our current news distribution customers issuing fewer press releases than they have in the past, which is a trend we are seeing across the industry. However, in Q1 we were pleased with the rollout of our Media Suite subscription, which we believe will also lead to more news distribution customers and an increase in subscriptions," said Brian R. Balbirnie, Issuer Direct's Chief Executive Officer. Revenue decreased 19% to $7.0M from $8.6M in Q1 2023 Adjusted EBITDA decreased to $0.8M from $1.9M in Q1 2023 Cash flow from operations increased to $1.0M from $0.3M in Q1 2023 Subscriptions increased to 1,043 from 1,001 in Q1 2023 Mr. Balbirnie concluded, "As we look out to the remainder of 2024 and beyond, we remain confident in our communications platform, our products and team, as well as the markets we serve. We generated solid cash flow for the quarter and are focused on acquiring new cust Show less Read more
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