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I started buying a few around $8 and under lately. Not big cuz I don’t understand the industry well enough.
What is fking wrong with ISDR lately. It is pulling back farther down ...
Pissing me off
Averaging down from now on.
Perhaps toward 2.00 pps next few months...
CRAP
Now it’s 20 pps from .2 100 baggers ‘
!!
Red Oak Partners, LLC has reported a decrease in shares of $ISDR by 90% since their previous 13D/G filing - https://fintel.io/so/us/isdr
$ISDR recent news/filings
bullish
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
[img]http://charts.stockscores.com/chart.asp?
TickerSymbol=ISDR&TimeRange=400&Interval=d&Volume=1&ChartType=CandleStick&ChartWidth=830&ChartHeight=500&LogScale=None&Band=BB&avgType1=EMA&movAvg1=50&indicator1=MACD&candles=redgreen[/img]
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$ISDR DD Notes ~ http://www.ddnotesmaker.com/ISDR
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/ISDR/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/ISDR/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=ISDR+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=ISDR+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=ISDR+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/ISDR/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/ISDR/news - http://finance.yahoo.com/q/h?s=ISDR+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/ISDR/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/ISDR/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/ISDR/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/ISDR/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/ISDR/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/ISDR/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/ISDR/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/ISDR/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=ISDR+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/ISDR
DTCC (dtcc.com): http://search2.dtcc.com/?q=Apple%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Apple%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Apple%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.apple.com/pr
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.apple.com/pr#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.apple.com/pr
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/ISDR/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/ISDR
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/ISDR/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/ISDR/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/ISDR/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000320193&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/ISDR/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/ISDR/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/ISDR/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/ISDR/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=ISDR&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=ISDR
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/ISDR/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=ISDR+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=ISDR+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=ISDR
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=ISDR
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=ISDR+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/ISDR/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=ISDR+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/ISDR.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=ISDR
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/ISDR/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/ISDR/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/ISDR/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/ISDR/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/ISDR
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/ISDR
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/ISDR:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=ISDR
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=ISDR
StockTwits (stocktwits.com): http://stocktwits.com/symbol/ISDR
$ISDR DD Notes ~ http://www.ddnotesmaker.com/ISDR
Issuer Direct Reports First Quarter 2014 Results
Q1 2014 Revenue Increases 147% and EBITDA Up 63%; Gross Margins Reach 71% and Non-GAAP Income Increases 50%, as Company Leverages Its Cloud-Based Disclosure Management System and Recurring Revenue Model
http://finance.yahoo.com/news/issuer-direct-reports-first-quarter-200200024.html
Issuer Direct: Undiscovered Micro-Cap With Asymmetric Upside Of 70+%
http://seekingalpha.com/article/2011701-issuer-direct-undiscovered-micro-cap-with-asymmetric-upside-of-70-plus-percent?source=yahoo
Where did everyone go?
Anyone have any ideas on the new merged company?
Why is the $1.7x $2.0 sp?
They did a RV last year??
Thx
thought the 10q was looking better until I saw this
On June 24, 2011, Kinder Investment, LP (“Kinder”), the prior holder of five shares of the Company’s Series A preferred stock, filed a lawsuit against the Company, its current officers and directors, and it’s outside legal counsel in the United States Court, Eastern District of New York. Kinder claims that the Company falsely forced the redemption of its shares of preferred stock without paying accumulated dividends and other amounts that Kinder believes were owed totaling $1,075,000. The Company believes the claims are without merit and has retained legal counsel in New York and plans to dispute the claims vigorously. The Company will incur expenses to resolve this matter, although the amount cannot be reasonably estimated at this time.
Curious who's been buying the 5K once every coupla days. If it's the company doing that in line with the one million share buyback, it's gonna take them at least another six months.
Good report. Long ISDR also. With two MMs (VERT & AUTO) on the .20 bid for a few days and no sellers, looks to me like patience will pay off here, esp with 1mil share repurchase.
Hey fellow longs,
Take a quick look at unratedstocks.com, I came across it as someone with a long position in ISDR.
The website is pretty interesting and hits upon a few good points about the business model of ISDR.
What do you guys think about what they've got to say?
Just saw that, nice news!!
Company to Repurchase up to 1 Million Shares of Common Stock
MORRISVILLE, N.C., November 8, 2010 (GLOBE NEWSWIRE) -- Issuer Direct Corporation (OTC: ISDR- News), a market leader and innovator of unified regulatory, disclosure and compliance solutions, announced that’s its Board of Directors has authorized the repurchase of up to One million shares of common stock beginning November 15, 2010, with an expiration date of November 14, 2011.
The shares being repurchased will be financed by the Company’s positive cash flow from operations. Timing of such purchase’s will be determined by the Company’s management – that will take into consideration market conditions, stock price and other market factors.
Brian R. Balbirnie Chief Executive Officer stated, “The approval of this repurchase program is a reflection of the confidence that the Board and management have in the operating fundamentals and growth prospects of the company, accordingly, our shared belief that our current valuation does not reflect our underlying long-term value. We believe that the acquisition of the Company’s common stock is an attractive and appropriate investment in the current market and an appropriate use of our cash. This repurchase is just one more example of our ongoing commitment to foster greater shareholder value."
About Issuer Direct Corporation:
Issuer Direct Corporation ("IDC") is a market leader and innovator in public company products and services. As an issuer services focused company, Issuer Direct alleviates the complexity of maintaining compliance through integrated products and services that help companies produce and distribute their financial and business communications both online and in print. As a shareholder compliance company, Issuer Direct is dedicated to assisting corporate issuers in an ever-changing regulatory environment and to comply with the myriad of rules imposed by regulatory bodies.
The Issuer Direct logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4547
Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words "believe," "anticipate," "estimate," "expect," "intend," "plan," "project," "prospects," "outlook," and similar words or expressions, or future or conditional verbs such as "will," "should," "would," "may," and "could" are generally forward-looking in nature and not historical facts. These forward looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. We disclaim any intention to, and undertake no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact our forward-looking statements, please see the Company's Annual Report on Form 10-K for the year ended December 31, 2009, including but not limited to the discussion under "Risk Factors" therein, filed with the SEC, which you may view at http://www.sec.gov.
Contact:
Issuer Direct Corporation
Brian R. Balbirnie
919-481-4000
brian.balbirnie@issuerdirect.com
I have no position in ISDR.
I have no position in ISDR.. hank
I have no position in ISDR.
ISDR..
This is one tough business and I just don't see any growth here or within the industry.. Hank
"The Company reported a net loss for the quarter ended September 30, 2010 of $40,772 or $0.00 per share, as compared to a net loss of $9,958, or $0.00 per share in the same period of 2009. The Company reported net income for the nine months ended September 30, 2010 of $222,735, or $0.01 per share, as compared to $350,236, or $0.02 per share, in the same period of 2009. "
Issuer Direct Announces Stock Repurchase
Company to Repurchase Up to 1 Million Shares of Common Stock
On Monday November 8, 2010, 10:45 am
MORRISVILLE, N.C., Nov. 8, 2010 (GLOBE NEWSWIRE) -- Issuer Direct Corporation (OTCBB:ISDR - News), a market leader and innovator of unified regulatory, disclosure and compliance solutions, announced that its Board of Directors has authorized the repurchase of up to One million shares of common stock beginning November 15, 2010, with an expiration date of November 14, 2011.
The shares being repurchased will be financed by the Company's positive cash flow from operations. Timing of such purchases will be determined by the Company's management -- that will take into consideration market conditions, stock price and other market factors.
Brian R. Balbirnie Chief Executive Officer, stated, "The approval of this repurchase program is a reflection of the confidence that the Board and management have in the operating fundamentals and growth prospects of the company; accordingly, our shared belief that our current valuation does not reflect our underlying long-term value. We believe that the acquisition of the Company's common stock is an attractive and appropriate investment in the current market and an appropriate use of our cash. This repurchase is just one more example of our ongoing commitment to foster greater shareholder value."
About Issuer Direct Corporation:
Issuer Direct Corporation ("IDC") is a market leader and innovator in public company products and services. As an issuer services focused company, Issuer Direct alleviates the complexity of maintaining compliance through integrated products and services that help companies produce and distribute their financial and business communications both online and in print. As a shareholder compliance company, Issuer Direct is dedicated to assisting corporate issuers in an ever-changing regulatory environment and to comply with the myriad of rules imposed by regulatory bodies.
The Issuer Direct logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4547
Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words "believe," "anticipate," "estimate," "expect," "intend," "plan," "project," "prospects," "outlook," and similar words or expressions, or future or conditional verbs such as "will," "should," "would," "may," and "could" are generally forward-looking in nature and not historical facts. These forward looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. We disclaim any intention to, and undertake no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact our forward-looking statements, please see the Company's Annual Report on Form 10-K for the year ended December 31, 2009, including but not limited to the discussion under "Risk Factors" therein, filed with the SEC, which you may view at http://www.sec.gov.
Contact:
Issuer Direct Corporation
Brian R. Balbirnie
919-481-4000
brian.balbirnie@issuerdirect.com
Issuer Direct Reports Third-Quarter Fiscal Year 2010 Results
2010 Third Quarter Revenue Increased by 24% Compared to Same Period 2009
On Monday November 8, 2010, 9:15 am EST
MORRISVILLE, N.C., Nov. 8, 2010 (GLOBE NEWSWIRE) -- Issuer Direct Corporation (OTCBB:ISDR - News), a market leader and innovator of unified regulatory, disclosure and compliance solutions, today reported financial results for the third quarter ended September 30, 2010. Additionally, the company anticipates filing its quarterly report including its financials in eXtensible Business Reporting Language (XBRL) with the Securities and Exchange Commission before market close today.
Highlights for the Third Quarter:
* Increased revenue by 24% as compared to the same period of fiscal 2009.
* Non-GAAP net income was positive for the quarter.
* Transfer Agent business segment increased by 447% as compared to the same period of fiscal 2009.
* More than tripled cash reserves for the period ended September 30, 2010 as compared to December 31, 2009.
* Expanded Corporate Headquarters during the quarter to a new 16,079 square foot facility in North Carolina.
Financial Results
In the third quarter of fiscal 2010, Issuer Direct achieved revenues of $403,991, compared to $326,433 in the third quarter of fiscal 2009, representing a growth of 24% in revenue for the period. Revenue for the nine months ended September 30, 2010 increased 115% to $3,368,722 as compared to $1,564,777 in the same period of 2009. The increase in revenue during the third quarter of 2010 as compared to the same period in 2009 is primarily due to the continued growth of the Company's transfer agent business, which increased by 447% as compared to the same period in 2009. Gross profit for the quarter ended September 30, 2010 was $212,933 as compared to $180,942 in the same period of 2009.
The Company reported a net loss for the quarter ended September 30, 2010 of $40,772 or $0.00 per share, as compared to a net loss of $9,958, or $0.00 per share in the same period of 2009. The Company reported net income for the nine months ended September 30, 2010 of $222,735, or $0.01 per share, as compared to $350,236, or $0.02 per share, in the same period of 2009.
"While we are pleased with the third quarter's increase in revenue, we are equally happy that this quarter represents our tenth quarter of year over year growth since the beginning of 2008," stated Brian Balbirnie, Chief Executive Officer of Issuer Direct. Mr. Balbirnie went on to say, "We are beginning to see an upturn in activity in our financial reporting segment due to the interest in XBRL for both Issuers and Funds, and as the deadline nears we should see substantial increases in top line revenues and segment margin improvement because of this regulatory deadline."
During the quarter ended September 30, 2010, the Company successfully completed the relocation to their new corporate headquarters at 500 Perimeter Park, Suite D, Morrisville, NC. The new corporate office is over 16,000 square feet, and will be sufficient to handle the next phase of the Company's growth. Coincident to the relocation and over the past thirty days, the company has added ten employees to its sales group and transfer agent business segment, bringing the total headcount to 25.
Non-GAAP Results
The Company reported non-GAAP net income during the quarter ended September 30, 2010 of $10,321, or $0.00 per share, as compared to non-GAAP net income of $6,875, or $0.00 per share, as compared to the same period of 2009. The Company reported non-GAAP net income during the nine months ended September 30, 2010 of $366,673, or $0.02 per share, as compared to non-GAAP net income of $380,736, or $0.02 per share, during the same period of 2009. Please refer to the attached reconciliations of non-GAAP financial measures referred to in this release to the most directly comparable GAAP measures.
Non-GAAP Information
Certain non-GAAP financial measures are included in this press release. In the calculation of these measures, the Company generally excludes certain items such as amortization and impairment of acquired intangibles, non-cash stock-based compensation charges, and unusual, non-recurring gains and charges. The Company believes that excluding such items provides investors and management with a representation of the Company's core operating performance and with information useful in assessing its prospects for the future and underlying trends in the Company's operating expenditures and continuing operations. Management uses such non-GAAP measures to evaluate financial results and manage operations. The release and the attachments to this release provide a reconciliation of each of the non-GAAP measures referred to in this release to the most directly comparable GAAP measure. The non-GAAP financial measures are not meant to be considered a substitute for the corresponding GAAP financial measures.
About Issuer Direct Corporation:
Issuer Direct Corporation ("IDC") is a market leader and innovator in public company products and services. As an issuer services focused company, Issuer Direct alleviates the complexity of maintaining compliance through integrated products and services that help companies produce and distribute their financial and business communications both online and in print. As a shareholder compliance company, Issuer Direct is dedicated to assisting corporate issuers in an ever-changing regulatory environment and to comply with the myriad of rules imposed by regulatory bodies.
The Issuer Direct logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4547
Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words "believe," "anticipate," "estimate," "expect," "intend," "plan," "project," "prospects," "outlook," and similar words or expressions, or future or conditional verbs such as "will," "should," "would," "may," and "could" are generally forward-looking in nature and not historical facts. These forward looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. We disclaim any intention to, and undertake no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact our forward-looking statements, please see the Company's Annual Report on Form 10-K for the year ended December 31, 2009, including but not limited to the discussion under "Risk Factors" therein, filed with the SEC, which you may view at http://www.sec.gov.
ISSUER DIRECT CORPORATION
CONSOLIDATED BALANCE SHEETS
September 30, December 31,
2010 2009
(unaudited)
ASSETS
Current assets:
Cash and cash equivalents $ 495,325 $ 146,043
Accounts receivable, (net of allowance for doubtful accounts of
$50,053 and $16,785, respectively) 138,966 152,069
Other current assets 26,003 25,443
Total current assets 660,294 323,555
Furniture, equipment and improvements (net of accumulated
depreciation of $28,739 and $18,316, respectively) 54,039 21,087
Intangible assets (net of accumulated amortization of $50,333
and $67,833, respectively) 97,863 120,363
Other noncurrent assets 15,576 --
Total assets $ 827,772 $ 465,005
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 84,180 $ 51,715
Accrued expenses 38,464 59,810
Notes payable -- related party -- 73,525
Total current liabilities 122,644 185,050
Other long term liabilities 1,918 --
Total liabilities 124,562 185,050
Stockholders' equity:
Preferred stock, $1.00 par value, 10,000,000 shares authorized --
Series A, 60 shares designated, 31 and 5 shares issued and
outstanding as of September 30, 2010 and December 31,
2009, respectively; Series B, 476,200 shares designated, no
shares issued and outstanding. 31 5
Common stock $.001 par value, 100,000,000 shares authorized, 17,635 16,826
17,635,312 and 16,826,342 shares issued and outstanding as
of September 30, 2010 and December 31, 2009, respectively.
Additional paid-in capital 1,663,382 1,463,697
Accumulated deficit (977,838) (1,200,573)
Total stockholders' equity 703,210 279,955
Total liabilities and stockholders' equity $ 827,772 $ 465,005
ISSUER DIRECT CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
For the Three Months Ended For the Nine Months Ended
September 30 September 30 September 30 September 30
2010 2009 2010 2009
Revenues $ 403,991 $ 326,433 $ 3,368,722 $ 1,564,777
Cost of services 191,058 145,491 2,303,414 630,532
Gross profit 212,933 180,942 1,065,308 934,245
Operating costs and expenses
General and administrative 180,961 130,069 546,940 370,198
Sales and marketing expenses 73,842 52,609 241,353 184,990
Impairment charges 4,000 -- 4,000 --
Depreciation and amortization 7,344 9,304 28,924 28,568
Total operating costs and expenses 266,147 191,982 821,217 583,756
Net operating income (loss) (53,214) (11,040) 244,091 350,489
Other income (expense):
Interest income (expense), net 12,442 1,082 (21,356) (253)
Total other income (expense) 12,442 1,082 (21,356) (253)
Net income (loss) $ (40,772) $ (9,958) $ 222,735 $ 350,236
Income (loss) per share - basic $ (0.00) $ (0.00) $ 0.01 $ 0.02
Income (loss) per share - fully diluted $ (0.00) $ (0.00) $ 0.01 $ 0.02
Weighted average number of common
shares outstanding - basic 17,592,921 16,854,717 17,312,241 17,075,999
Weighted average number of common
shares outstanding - fully diluted 17,592,921 16,854,717 17,499,932 17,124,873
ISSUER DIRECT CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
Nine months ended
September 30,
2010 2009
Cash flows from operating activities:
Net income $ 222,735 $ 350,236
Adjustments to reconcile net loss to net cash
provided by (used in) operating activities:
Depreciation and amortization 28,924 28,568
Bad debt expense 44,061 29,680
Impairment charges 4,000 --
Non-cash interest expense 34,178 --
Stock-based expense 78,898 10,000
Changes in operating assets and liabilities:
Decrease (increase) in accounts receivable (30,958) (23,371)
Decrease (increase) in deposits and prepaids (16,136) (14,557)
Increase (decrease) in accounts payable 32,465 (92,596)
Increase (decrease) in accrued expenses (5,509) (37,910)
Net cash provided by operating activities 392,658 250,050
Cash flows from investing activities:
Purchase of property and equipment (43,376) (13,142)
Net cash used in investing activities (43,376) (13,142)
Cash flows from financing activities:
Repurchase of common stock -- (6,750)
Repayments of notes payable -- (64,828)
Net cash used in financing activities -- (71,578)
Net change in cash 349,282 165,330
Cash -- beginning 146,043 50,367
Cash -- ending $ 495,325 $ 215,697
Supplemental disclosure for non-cash investing and financing
activities:
Cash paid for interest $ 518 $ 1,192
Cash paid for income taxes $ -- $ --
Non-cash activities:
Accrued expenses settled by issuance of shares $ -- $ 25,000
Related party notes payable and accrued interest converted
to common shares $ 59,666 $ --
Related party notes payable and accrued interest converted
to preferred shares $ 27,780 $ --
ISSUER DIRECT CORPORATION
RECONCILATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES
Three Months Ended September 30,
2010 2009
Amount Per
diluted
share Amount Per
diluted
share
Net loss $ (40,772) $ (0.00) $ (9,958) $ (0.00)
Adjustments:
Amortization of intangible assets and impairment charges (1) 8,833 0.00 6,833 0.00
Stock based compensation (2) 33,898 0.00 10,000 0.00
Moving expenses (3) 8,362 0.00 -- --
Non-GAAP net income $10,321 $0.00 $6,875 $0.00
Nine Months Ended September 30,
2010 2009
Amount Per
diluted
share Amount Per
diluted
share
Net income $ 222,735 $ 0.01 $ 350,236 $ 0.02
Adjustments:
Amortization of intangible assets and impairment charges (1) 22,500 0.00 20,500 0.00
Stock based compensation (2) 78,898 0.00 10,000 0.00
Moving expenses (3) 8,362 0.00 -- --
Non-cash interest expense (4) 34,178 0.00 -- --
Non-GAAP net income $ 366,673 $ 0.02 $ 380,736 $ 0.02
Nice upward movement. 8-K next week.
Buyers coming in recently. Good sign.
I haven't talked with the CEO since the move to the larger headquarters.
Curious if you've had any contact with CEO since move to larger hdqtrs? Noticed on their website that they are seeking candidates for several positions. With the various mergers in this sector, wonder if buzz I'm hearing hitting your ear?
Amazed that with tiny float here, no attempt to "lock em up."
ISDR is an undiscovered 10 bagger.
Tiny float, pos. numbers, great biz, hiring new folks, just moved to a 3x larger hdqtrs...
Yet nobody aware.
16.5mil OS
5.25mil float - more than easy to lock up.
Gives me alot of time to subtly load up.
I'm still watching.
What say now, with expansion stuff both sq feet and 20 more human feet?
ISDR issuer direct releases preliminary financial metrics for Q2 over 200% increase in overall revenue and adjusted core transfer agent business up over 400% they will file Q2 results 2nd week of august
ISSUER DIRECT ISDR OFFERS A GREAT OPPORTUNITY AT THESE LEVELS COMPANY CONTINUES TO HAVE STRONG ORGANIC GROWTH
issuer direct ISDR OFFERS A GREAT ENTRY POINT AFTER THEY ANNOUNCED A STRATEGIC ALLIANCE WITH EDGAR ONLINE. THE COMPANY ALSO REPORTED A GREAT FIRST QUARTER THIS IS A GREAT BUYING OPPORTUNITY
issuer direct symbol ISDR joining with edgar online inc offers tremendous opportunities FOR ISDR
isdr issuer direct opens at .35 up 20 percent looks good
I am not sure if you are still following the stock, but have you seen the increased volume of late built on the recent news?
Still undervalued.
You surely were right. Did you see the news. Check out the link:
http://finance.yahoo.com/news/Issuer-Direct-and-EDGAR-pz-3696877667.html?x=0&.v=2
Fantastic news for ISDR. On June 17th, they announced that they and Edgar Online have formed a strategic alliance.
Issuer Direct has entered a strategic alliance with Edgar Online Inc. This alliance calls for both [parties to work together to deliver next generation compliance and communications offerings based on XBRL technology to the mutual fund market place through Issuer Direct. Obviously this creates a tremendous opportunity for revenue growth and net profits.
You can check out the news here:
http://finance.yahoo.com/news/Issuer-Direct-and-EDGAR-pz-3696877667.html?x=0&.v=2
30.8K so far today at .30
For an undiscovered gem, not bad.
Too bad you guys are out cuz seems folks have been liking her at .25 the last few days. Ask back up to .30
If you don't I don't,lol.
You sold too soon? You can buy it back for less if you want.
Right now I have no position in ISDR.
Yikes I sold too soon:
04/26/10 Sold 4,999 of ISDR @ $0.51 (Order #2604) 2,539.45
Issuer Direct Reports Results for the First Quarter of 2010
globenewswire
On Tuesday May 4, 2010, 9:15 am
CARY, N.C., May 4, 2010 (GLOBE NEWSWIRE) -- Issuer Direct Corporation (OTCBB:ISDR - News), a market leader and innovator of unified regulatory, disclosure and compliance solutions, today announced the financial results for the quarter ended March 31, 2010. Additionally, the company anticipates filing its quarterly report including its financials in eXtensible Business Reporting Language (xBRL) with the Securities and Exchange Commission before market close today.
Revenues for the quarter ended March 31, 2010 increased 28% to $605,081 compared to $472,538 in the same period in fiscal 2009. The increase in revenue was primarily due to an increase in transfer agent services of $118,356 and an increase in software licensing of $50,329. Gross profit for the quarter ended March 31, 2010 increased 57% to $405,826 compared to $258,537 in the same period in fiscal 2009. Wes Pollard, Chief Financial Officer of Issuer Direct said, "The increase in revenue along with the improvement in gross profit during the first quarter of 2010 as compared to the same period of 2009 further validates the company's ability to expand the business while strategically shifting resources and revenue to our higher margin services."
Net income for the quarter ended March 31, 2010 was $134,664, or $0.01 per share, including non-cash interest charges of $35,179 incurred upon the conversion of notes payable into shares of the company; as compared to $91,345, or $0.01 per share, in the comparable period of 2010.
Mr. Pollard went on to say, "We are very encouraged by the first quarter results. We achieved significant revenue from all of our service offerings, which is consistent with our mission to provide a complete set of solutions for corporate issuers."
Highlights for the first quarter of 2010:
* Increased revenue by 28% as compared to the same period of fiscal 2009
* Gross margin increased to 67% as compared to 55% in the same period of fiscal 2009
* Net income was $134,664 compared to $91,345 in the same period of 2009
* Working capital improved to $426,233 at March 31, 2010 compared to $138,505 at December 31, 2009
About Issuer Direct Corporation:
Issuer Direct Corporation ("IDC") is a market leader and innovator in public company products and services. As an issuer services focused company, Issuer Direct alleviates the complexity of maintaining compliance through integrated products and services that help companies produce and distribute their financial and business communications both online and in print. As a shareholder compliance company, Issuer Direct is dedicated to assisting corporate issuers in an ever-changing regulatory environment and to comply with the myriad of rules imposed by regulatory bodies. To learn more visit www.issuerdirect.com
The Issuer Direct logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4547
Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words "believe," "anticipate," "estimate," "expect," "intend," "plan," "project," "prospects," "outlook," and similar words or expressions, or future or conditional verbs such as "will," "should," "would," "may," and "could" are generally forward-looking in nature and not historical facts. These forward looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. We disclaim any intention to, and undertake no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact our forward-looking statements, please see the Company's Annual Report on Form 10-K for the year ended December 31, 2009, including but not limited to the discussion under "Risk Factors" therein, filed with the SEC, which you may view at http://www.sec.gov
ISSUER DIRECT CORPORATION
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
March 31,
2010 December 31,
2009
ASSETS
Current assets:
Cash and cash equivalents $315,380 $146,043
Accounts receivable, (net of allowance for doubtful accounts of $48,210 and $16,785, respectively) 197,591 152,069
Security deposits 6,242 6,242
Other current assets 19,008 19,201
Total current assets 538,221 323,555
Furniture, equipment and improvements, (net of accumulated depreciation of $20,620 and $18,316, respectively) 23,480 21,087
Intangible assets, (net of accumulated amortization and impairment of $74,667 and $67,833, respectively) 113,529 120,363
Total assets $675,230 $465,005
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $61,542 $51,715
Accrued expenses 50,446 59,810
Note payable -- related party -- 73,525
Total liabilities 111,988 185,050
Stockholders' equity:
Preferred stock, $1.00 par value, 10,000,000 shares authorized -- Series A, 60 shares designated, 31 and 5 shares issued and outstanding as of March 31, 2010 and December 31, 2009, respectively, Series B, 476,200 shares designated; no shares issued and outstanding 31 5
Common stock $.001 par value, 100,000,000 shares authorized,17,435,312 and 16,826,342 shares issued and outstanding as of March 31, 2010 and December 31, 2009, respectively. 17,435 16,826
Additional paid-in capital 1,611,685 1,463,697
Accumulated deficit (1,065,909) (1,200,573)
Total stockholders' equity 563,242 279,955
Total liabilities and stockholders' equity $675,230 $465,005
ISSUER DIRECT CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
Three Months Ended
March 31,
2010 2009
Revenues
Compliance and reporting services $163,196 $195,859
Printing and financial communication 114,108 105,086
Fulfillment and distribution 127,604 140,105
Software licensing 67,767 17,438
Transfer agent services 132,406 14,050
Total 605,081 472,538
Cost of services 199,255 214,001
Gross profit 405,826 258,537
Operating costs and expenses
General and administrative 160,301 101,600
Sales and marketing expenses 64,192 54,990
Depreciation and amortization 11,399 9,331
Total operating costs and expenses 235,892 165,921
Net operating income (loss) 169,934 92,616
Other income (expense):
Interest expense (35,270) (1,271)
Total other income (expense) (35,270) (1,271)
Net income (loss) before taxes $134,664 $91,345
Income tax expense (benefit) -- --
Net income (loss) $134,664 $91,345
Income (loss) per share -- basic $0.01 $0.01
Income (loss) per share - diluted $0.01 $0.01
Weighted average number of common shares outstanding - basic 16,843,108 17,631,384
Weighted average number of common shares outstanding - diluted 16,887,181 17,676,941
ISSUER DIRECT CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
Three months ended
March 31,
2010 2009
Cash flows from operating activities:
Net income (loss) $134,664 $91,345
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization 11,399 9,331
Bad debt 32,111 10,344
Non-cash interest expense 34,179 ----
Stock-based compensation 27,000 ----
Changes in operating assets and liabilities:
Decrease (increase) in accounts receivable (77,633) 27,362
Decrease (increase) in deposits and prepaids 193 (3,878)
Increase (decrease in accounts payable 9,827 (11,586)
Increase (decrease) in accrued expenses 4,555 (18,261)
Net cash provided by (used in) operating activities 176,295 104,657
Investing activities
Purchase of property and equipment (6,958) (1,974)
Net cash used by investing activities (6,958) (1,974)
Financing activities
Repurchase of common stock ---- (6,750)
Repayments of notes payable ---- (37,430)
Net cash provided by (used in) financing activities ---- (44,180)
Net change in cash 169,337 58,503
Cash - beginning 146,043 50,367
Cash - ending $315,380 $108,870
Supplemental disclosure for non-cash investing
and financing activities:
Cash paid for interest $---- $579
Cash paid for income taxes $---- $----
Non-cash activities:
Accrued expenses settled by issuance of common shares $---- $25,000
Related party notes payable and accrued interest converted to common shares $59,666 $----
Related party notes payable and accrued interest converted to preferred shares 27,780 ----
Minimum Level II ask NCSI @ $1.50
PERT @ 12.00
VFIN @ 24.00
HDSN @ 25.00
Buyout?
Golden cross coming Monday?
Always good for a pop.
Looks good, too.
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Issuer Direct Corporation operates under several brands in the market, including Elite Financial Press, My EDGAR, Bassett Press, Edgarization, The Edgar Service Bureau, iProxy Direct, Issuer Logistics, Comply, Shareholder Direct, and Audit Ready. As an issuer services focused company, Issuer Direct Corporation helps companies produce and distribute their financial and business communications both online and in print. The Company leverages its securities compliance and regulatory expertise to provide a comprehensive set of services that enhance a client's ability to communicate effectively with its shareholder base while meeting all reporting regulations required.
Web Site
http://www.issuerdirect.com
Financials
Quarter | Revenue | Diluted EPS |
Q4'09 | $320,455 | -$0.005 |
Q3'09 | $326,433 | -$0.001 |
Q2'09 | $765,808 | $0.016 |
Q1'09 | $472,538 | $0.005 |
Q4'08 | $368,805 | $0.001 |
Q3'08 | $312,377 | -$0.014 |
Q2'08 | $450,799 | -$0.019 |
Q1'08 | $293,350 | -$0.023 |
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