Information Services Group, Inc. (III) financial statements (2023 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
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments47,52143,73018,15318,63628,42034,48517,835
Cash and cash equivalents47,52143,73018,15318,63628,42034,48517,835
Receivables45,70545,64848,54753,05670,82464,66249,484
Contract with customer, asset18,63921,82528,52922,878
Deferred tax assets  1,7302,109
Other undisclosed current assets4,2453,4124,5723,6204,4675,3742,066
Total current assets:116,110114,61599,80198,190103,711106,25171,494
Noncurrent Assets
Finance lease, right-of-use asset451  
Operating lease, right-of-use asset5,293  
Property, plant and equipment 5,0016,0146,6365,2294,7893,021
Intangible assets, net (including goodwill)103,200106,072101,954106,011111,303121,05351,146
Goodwill90,79091,00885,34985,38985,61985,94037,286
Intangible assets, net (excluding goodwill)12,41015,06416,60520,62225,68435,11313,860
Restricted cash and investments8895888994497394
Deferred income tax assets2,1972,2553,589
Other noncurrent assets4,6135,5737378611,9022,5325,288
Deferred tax assets, net 2,521  
Other undisclosed noncurrent assets4,8425,9096,5722,944   
Total noncurrent assets:120,684124,905118,954116,541121,049128,87159,849
TOTAL ASSETS:236,794239,520218,755214,731224,760235,122131,343
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities40,54935,76122,30326,21228,67837,69523,776
Accounts payable16,16211,1768,8628,4537,1929,7246,700
Accrued liabilities9,4027,4965,76017,75921,48627,97117,076
Employee-related liabilities7,05411,6303,417    
Taxes payable7,9315,4594,264    
Deferred revenue7,0495,1214,935
Debt4,6956,85014,0138,25015,4995,5462,250
Business combination, contingent consideration, liability2,4202,929     
Deferred revenue and credits8,8989,1125,154
Contract with customer, liability6,187
Other undisclosed current liabilities2,125      
Total current liabilities:56,83850,66141,25140,64953,07552,35331,180
Noncurrent Liabilities
Long-term debt and lease obligation72,97177,88379,83689,21298,838116,48548,531
Long-term debt, excluding current maturities69,49073,55174,82389,21298,838116,48548,531
Operating lease, liability3,4814,3325,013
Liabilities, other than long-term debt8,59211,8397,9944,4939,3107,8724,521
Deferred tax liabilities, net 1,569396 
Deferred income tax liabilities2,8243,8113,472
Other liabilities5,7688,0284,5224,4937,7417,4764,521
Other undisclosed noncurrent liabilities   1,790   
Total noncurrent liabilities:81,56389,72287,83095,495108,148124,35753,052
Total liabilities:138,401140,383129,081136,144161,223176,71084,232
Temporary equity, carrying amount     1,376939
Stockholders' equity
Stockholders' equity attributable to parent98,39399,13789,67478,58763,53757,03646,172
Common stock49484845444438
Treasury stock, value(3,871)(256)(2,051)(203)(3,161)(8,216)(3,053)
Additional paid in capital237,628248,018245,572235,998230,134228,692204,904
Accumulated other comprehensive loss(6,940)(4,671)(7,138)(7,155)(5,666)(7,800)(6,538)
Accumulated deficit(128,473)(144,002)(146,757)(150,098)(157,814)(155,684)(149,179)
Total stockholders' equity:98,39399,13789,67478,58763,53757,03646,172
TOTAL LIABILITIES AND EQUITY:236,794239,520218,755214,731224,760235,122131,343

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues277,832249,128265,763275,769269,554216,499209,240
Revenue, net269,554216,499209,240
Cost of revenue
(Cost of Goods and Services Sold)
(168,475)(149,878)(153,179) (9,800)(8,700)(10,100)
Gross profit:109,35799,250112,584275,769259,754207,799199,140
Operating expenses(78,759)(83,785)(92,518)(95,400)(91,046)(78,863)(67,841)
Other undisclosed operating loss(5,331)(6,196)(6,708)(167,692)(159,551)(131,528)(121,684)
Operating income (loss):25,2679,26913,35812,6779,157(2,592)9,615
Nonoperating income (expense)18616248123(236)(68)317
Investment income, nonoperating1422601941161072714
Foreign currency transaction gain (loss), before tax44(98)(146)7(343)(95)303
Interest and debt expense(2,342)(3,563)(6,267)(6,688)(6,821)(2,664)(1,789)
Income (loss) from continuing operations before income taxes:23,1115,8687,1396,1122,100(5,324)8,143
Income tax expense(7,582)(3,113)(3,798)(435)(4,198)(1,054)(3,189)
Net income (loss):15,5292,7553,3415,677(2,098)(6,378)4,954
Net loss attributable to noncontrolling interest    (32)(127)(113)
Net income (loss) available to common stockholders, basic:15,5292,7553,3415,677(2,130)(6,505)4,841
Interest on convertible debt      80
Net income (loss) available to common stockholders, diluted:15,5292,7553,3415,677(2,130)(6,505)4,921

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):15,5292,7553,3415,677(2,098)(6,378)4,954
Other undisclosed comprehensive income (loss)   (1,489)2,134(1,262)(1,956)
Comprehensive income (loss):15,5292,7553,3414,18836(7,640)2,998
Comprehensive loss, net of tax, attributable to noncontrolling interest    (32)(127)(113)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,269)2,46717    
Comprehensive income (loss), net of tax, attributable to parent:13,2605,2223,3584,1884(7,767)2,885

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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