Issuer Direct Q2 2024 revenue increased 10% sequentially to $7.7M, with communications revenue growing 9% from Q1 2024.
Issuer Direct Corporation reported a 10% sequential revenue increase to $7.7M in Q2 2024, a 20% decrease from Q2 2023. Communications revenue grew 9% from Q1 2024, remaining flat from Q2 2023. The company is focusing on expense management, cutting costs by $400K/quarter. News distribution volumes increased 15%, driven by new acquisitions and ongoing customer activity. Gross margin was 77% of revenue, and adjusted EBITDA was 15% of revenue, down from Q2 2023.
August 08, 2024
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