Issuer Direct Corp
NYSE-MKT:ISDR
Income Statement
Earnings Waterfall
Issuer Direct Corp
Revenue
|
33.4m
USD
|
Cost of Revenue
|
-7.9m
USD
|
Gross Profit
|
25.4m
USD
|
Operating Expenses
|
-22.6m
USD
|
Operating Income
|
2.8m
USD
|
Other Expenses
|
-2.1m
USD
|
Net Income
|
766k
USD
|
Income Statement
Issuer Direct Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
9
N/A
|
11
+24%
|
13
+18%
|
14
+9%
|
14
-2%
|
13
-3%
|
13
-4%
|
12
-3%
|
12
-5%
|
12
+2%
|
12
+0%
|
12
+1%
|
12
+1%
|
12
-4%
|
12
+3%
|
12
+1%
|
13
+5%
|
13
+5%
|
14
+3%
|
14
+2%
|
14
+2%
|
15
+5%
|
15
+2%
|
16
+5%
|
16
+2%
|
16
-1%
|
17
+5%
|
18
+5%
|
19
+4%
|
19
+5%
|
20
+4%
|
21
+3%
|
22
+5%
|
22
+1%
|
22
+0%
|
22
-1%
|
24
+6%
|
27
+14%
|
31
+14%
|
33
+7%
|
33
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(6)
|
(6)
|
(7)
|
(8)
|
(8)
|
|
Gross Profit |
6
N/A
|
8
+23%
|
9
+18%
|
10
+8%
|
10
-3%
|
9
-3%
|
9
-4%
|
9
-3%
|
8
-5%
|
9
+5%
|
9
+1%
|
9
+2%
|
9
+2%
|
9
-4%
|
9
+3%
|
9
0%
|
9
+5%
|
10
+4%
|
10
+2%
|
10
+2%
|
10
+1%
|
10
+4%
|
11
+1%
|
11
+5%
|
11
+1%
|
11
-1%
|
12
+6%
|
12
+6%
|
13
+5%
|
14
+6%
|
15
+5%
|
15
+4%
|
16
+6%
|
17
+3%
|
17
+1%
|
17
0%
|
18
+6%
|
21
+15%
|
23
+14%
|
25
+7%
|
25
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(5)
|
(6)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(7)
|
(7)
|
(8)
|
(7)
|
(8)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(9)
|
(9)
|
(10)
|
(10)
|
(11)
|
(11)
|
(11)
|
(10)
|
(10)
|
(10)
|
(11)
|
(11)
|
(12)
|
(12)
|
(13)
|
(13)
|
(13)
|
(15)
|
(18)
|
(20)
|
(22)
|
(23)
|
|
Selling, General & Administrative |
(4)
|
(5)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(10)
|
(10)
|
(10)
|
(9)
|
(9)
|
(10)
|
(10)
|
(11)
|
(11)
|
(12)
|
(12)
|
(13)
|
(13)
|
(14)
|
(16)
|
(18)
|
(19)
|
(20)
|
|
Depreciation & Amortization |
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
|
Operating Income |
2
N/A
|
2
+1%
|
1
-13%
|
2
+10%
|
1
-10%
|
1
-3%
|
1
-6%
|
1
-12%
|
1
+0%
|
1
-14%
|
1
+17%
|
1
-3%
|
2
+70%
|
2
-17%
|
2
+16%
|
2
+10%
|
2
-2%
|
2
-3%
|
2
-7%
|
1
-20%
|
1
-21%
|
1
-14%
|
1
-47%
|
1
+11%
|
0
-20%
|
1
+21%
|
1
+151%
|
2
+62%
|
3
+15%
|
3
+20%
|
4
+11%
|
3
-3%
|
4
+7%
|
4
+9%
|
4
-5%
|
4
-5%
|
3
-28%
|
3
-4%
|
3
+23%
|
3
-6%
|
3
-5%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(0)
|
0
|
(0)
|
|
Pre-Tax Income |
1
N/A
|
1
-30%
|
0
-72%
|
0
-30%
|
(0)
N/A
|
(0)
+25%
|
(0)
+22%
|
(0)
+57%
|
0
N/A
|
1
+5 189%
|
1
+77%
|
1
+8%
|
2
+66%
|
2
-16%
|
2
+10%
|
2
+10%
|
2
-3%
|
2
-3%
|
2
-7%
|
1
-20%
|
1
-17%
|
1
-7%
|
1
-31%
|
1
+18%
|
1
-13%
|
1
+11%
|
2
+86%
|
2
+50%
|
3
+15%
|
3
+14%
|
4
+11%
|
4
+8%
|
4
+6%
|
4
0%
|
4
-5%
|
3
-12%
|
3
-22%
|
2
-33%
|
2
+38%
|
2
-17%
|
1
-36%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Income from Continuing Operations |
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
2
|
1
|
2
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
3
|
3
|
3
|
3
|
3
|
3
|
2
|
1
|
2
|
1
|
1
|
|
Net Income (Common) |
1
N/A
|
0
-41%
|
0
-78%
|
0
-50%
|
0
N/A
|
0
+700%
|
0
N/A
|
0
+19%
|
0
-62%
|
0
+184%
|
1
+71%
|
1
+7%
|
2
+107%
|
1
-11%
|
2
+9%
|
2
+8%
|
2
+15%
|
2
0%
|
2
-6%
|
2
-13%
|
1
-45%
|
1
-13%
|
1
-22%
|
1
+19%
|
1
+1%
|
1
+3%
|
1
+79%
|
2
+46%
|
2
+13%
|
2
+15%
|
3
+14%
|
3
+9%
|
3
+10%
|
3
-1%
|
3
-8%
|
3
-11%
|
2
-27%
|
1
-34%
|
2
+41%
|
1
-23%
|
1
-45%
|
|
EPS (Diluted) |
0.33
N/A
|
0.17
-48%
|
0.02
-88%
|
0.01
-50%
|
0.02
+100%
|
0.14
+600%
|
0.14
N/A
|
0.15
+7%
|
0.06
-60%
|
0.14
+133%
|
0.23
+64%
|
0.25
+9%
|
0.54
+116%
|
0.48
-11%
|
0.5
+4%
|
0.55
+10%
|
0.61
+11%
|
0.6
-2%
|
0.55
-8%
|
0.42
-24%
|
0.24
-43%
|
0.18
-25%
|
0.16
-11%
|
0.19
+19%
|
0.18
-5%
|
0.18
N/A
|
0.33
+83%
|
0.49
+48%
|
0.56
+14%
|
0.64
+14%
|
0.73
+14%
|
0.78
+7%
|
0.86
+10%
|
0.85
-1%
|
0.79
-7%
|
0.73
-8%
|
0.52
-29%
|
0.34
-35%
|
0.48
+41%
|
0.36
-25%
|
0.2
-44%
|