Information Services Group, Inc. (III) financial statements (2022 and earlier)

Company profile

Business Address 2187 ATLANTIC STREET
STAMFORD, CT 06902
State of Incorp. DE
Fiscal Year End December 31
SIC 8742 - Management Consulting Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments47,52154,50443,79548,57343,73038,14131,552
Cash and cash equivalents47,52154,50443,79548,57343,73038,14131,552
Receivables45,705(43)(137)(245)45,648(749)(847)
Contract with customer, asset18,63924,76827,14526,56321,82529,56928,324
Other undisclosed current assets4,24544,12647,14642,7913,41241,97543,786
Total current assets:116,110123,355117,949117,682114,615108,936102,815
Noncurrent Assets
Finance lease, right-of-use asset451      
Operating lease, right-of-use asset5,293      
Property, plant and equipment 5,1734,9074,8625,0015,0035,359
Intangible assets, net (including goodwill)103,200103,865104,615105,261106,072106,751100,217
Goodwill90,79090,81390,91490,91591,00890,78985,323
Intangible assets, net (excluding goodwill)12,41013,05213,70114,34615,06415,96214,894
Restricted cash and investments88909291959188
Deferred income tax assets2,1972,1642,5062,4292,2553,3492,721
Other noncurrent assets4,6134,1013,5534,5585,5739571,117
Other undisclosed noncurrent assets4,8424,7665,0745,5145,9094,9835,528
Total noncurrent assets:120,684120,159120,747122,715124,905121,134115,030
TOTAL ASSETS:236,794243,514238,696240,397239,520230,070217,845
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities40,54915,66816,25917,74435,7619,41010,571
Accounts payable16,16215,66816,25917,74411,1769,41010,571
Accrued liabilities9,402   7,496  
Employee-related liabilities7,054   11,630  
Taxes payable7,931   5,459  
Deferred revenue7,0496,9847,4865,9435,1214,5463,188
Debt4,6954,3004,3004,3006,8504,3004,300
Business combination, contingent consideration, liability2,420   2,929  
Other undisclosed current liabilities2,12534,93529,68926,140 25,62223,017
Total current liabilities:56,83861,88757,73454,12750,66143,87841,076
Noncurrent Liabilities
Long-term debt and lease obligation72,97173,73475,08276,49777,88378,34879,673
Long-term debt, excluding current maturities69,49070,50671,52272,53773,55174,56475,573
Operating lease, liability3,4813,2283,5603,9604,3323,7844,100
Liabilities, other than long-term debt8,5929,6168,9998,94611,83914,2328,801
Deferred income tax liabilities2,8243,8573,7793,7613,8113,4603,641
Other liabilities5,7685,7595,2205,1858,02810,7725,160
Total noncurrent liabilities:81,56383,35084,08185,44389,72292,58088,474
Total liabilities:138,401145,237141,815139,570140,383136,458129,550
Stockholders' equity
Stockholders' equity attributable to parent98,39398,27796,881100,82799,13793,61288,295
Common stock49494949484848
Treasury stock, value(3,871)(2,600)(4,883)(3,117)(256)(319)(847)
Additional paid in capital237,628239,362243,710250,205248,018245,731244,257
Accumulated other comprehensive loss(6,940)(6,483)(5,523)(5,732)(4,671)(6,398)(7,659)
Accumulated deficit(128,473)(132,051)(136,472)(140,578)(144,002)(145,450)(147,504)
Total stockholders' equity:98,39398,27796,881100,82799,13793,61288,295
TOTAL LIABILITIES AND EQUITY:236,794243,514238,696240,397239,520230,070217,845

Income statement (P&L) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues69,56971,09570,59766,57166,38961,63557,394
Cost of revenue
(Cost of Goods and Services Sold)
(41,063)(43,249)(43,007)(41,156)(38,339)(36,762)(33,759)
Gross profit:28,50627,84627,59025,41528,05024,87323,635
Operating expenses(19,991)(19,236)(20,492)(19,040)(22,993)(20,318)(18,593)
Other undisclosed operating loss(1,369)(1,347)(1,255)(1,360)(1,555)(1,581)(1,529)
Operating income:7,1467,2635,8435,0153,5022,9743,513
Nonoperating income (expense)(8)666860(40)(5)(28)
Investment income, nonoperating(54)656071726154
Foreign currency transaction gain (loss), before tax4618(11)(112)(66)(82)
Interest and debt expense(548)(538)(613)(643)(673)(687)(819)
Income from continuing operations before income taxes:6,5906,7915,2984,4322,7892,2822,666
Income tax expense(3,012)(2,370)(1,192)(1,008)(1,341)(227)(2,054)
Net income available to common stockholders, diluted:3,5784,4214,1063,4241,4482,055612

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:3,5784,4214,1063,4241,4482,055612
Comprehensive income:3,5784,4214,1063,4241,4482,055612
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(457)(960)209(1,061)1,7271,261929
Comprehensive income, net of tax, attributable to parent:3,1213,4614,3152,3633,1753,3161,541

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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