$III
Information Services Group Inc

2014 Q1 Form 10-Q Financial Statement

#000110465914037008 Filed on May 09, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q4 2013 Q1
Revenue $48.24M $53.44M $50.59M
YoY Change -4.64% 7.92% 9.3%
Cost Of Revenue $29.81M $31.52M $30.03M
YoY Change -0.73% 5.91% 9.82%
Gross Profit $18.43M $21.92M $20.56M
YoY Change -10.35% 10.92% 8.56%
Gross Profit Margin 38.2% 41.02% 40.63%
Selling, General & Admin $15.66M $17.06M $16.03M
YoY Change -2.36% 7.57% -3.46%
% of Gross Profit 84.95% 77.82% 78.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.738M $1.880M $1.913M
YoY Change -9.15% -15.32% -11.31%
% of Gross Profit 9.43% 8.58% 9.31%
Operating Expenses $15.66M $18.93M $16.03M
YoY Change -2.36% 4.76% -3.46%
Operating Profit $1.036M $2.987M $2.610M
YoY Change -60.31% 77.16% 1426.32%
Interest Expense $518.0K -$630.0K $727.0K
YoY Change -28.75% -19.23% -3.45%
% of Operating Profit 50.0% -21.09% 27.85%
Other Income/Expense, Net -$626.0K -$674.0K
YoY Change -19.43% -17.7%
Pretax Income $506.0K $2.361M $1.936M
YoY Change -73.86% 159.74% -398.77%
Income Tax $418.0K $1.400M $967.0K
% Of Pretax Income 82.61% 59.3% 49.95%
Net Earnings $88.00K $960.0K $969.0K
YoY Change -90.92% 540.0% -270.0%
Net Earnings / Revenue 0.18% 1.8% 1.92%
Basic Earnings Per Share $0.00 $0.03 $0.03
Diluted Earnings Per Share $0.00 $0.03 $0.03
COMMON SHARES
Basic Shares Outstanding 37.39M shares 37.07M shares 36.63M shares
Diluted Shares Outstanding 38.86M shares 38.61M shares 38.79M shares

Balance Sheet

Concept 2014 Q1 2013 Q4 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.20M $35.10M $18.20M
YoY Change 43.96% 49.36% 7.06%
Cash & Equivalents $26.19M $35.09M $18.21M
Short-Term Investments
Other Short-Term Assets $3.600M $795.0K $3.700M
YoY Change -2.7% -2.45% -33.93%
Inventory
Prepaid Expenses
Receivables $44.59M $38.69M $44.46M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $74.43M $76.71M $66.37M
YoY Change 12.15% 13.79% -4.43%
LONG-TERM ASSETS
Property, Plant & Equipment $3.518M $3.213M $3.037M
YoY Change 15.84% 4.52% -8.22%
Goodwill $34.73M $34.69M $34.69M
YoY Change 0.1% 0.0% 0.0%
Intangibles $21.30M $22.09M $26.41M
YoY Change -19.33% -20.87% -20.66%
Long-Term Investments
YoY Change
Other Assets $3.013M $3.109M $2.730M
YoY Change 10.37% 9.74% 202.33%
Total Long-Term Assets $62.76M $63.16M $66.91M
YoY Change -6.2% -7.89% -7.37%
TOTAL ASSETS
Total Short-Term Assets $74.43M $76.71M $66.37M
Total Long-Term Assets $62.76M $63.16M $66.91M
Total Assets $137.2M $139.9M $133.3M
YoY Change 2.94% 2.86% -5.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.112M $6.024M $7.643M
YoY Change -6.95% -0.79% 63.35%
Accrued Expenses $17.01M $21.19M $11.65M
YoY Change 46.0% 60.41% -27.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.375M $3.375M $10.00M
YoY Change -66.25% -66.25% 29.03%
Total Short-Term Liabilities $32.01M $34.53M $32.73M
YoY Change -2.2% 4.86% 2.25%
LONG-TERM LIABILITIES
Long-Term Debt $52.53M $53.37M $50.56M
YoY Change 3.89% 0.58% -16.51%
Other Long-Term Liabilities $6.256M $6.296M $5.928M
YoY Change 5.53% 5.85% 69.52%
Total Long-Term Liabilities $58.78M $59.67M $56.49M
YoY Change 4.06% 1.11% -11.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.01M $34.53M $32.73M
Total Long-Term Liabilities $58.78M $59.67M $56.49M
Total Liabilities $92.97M $96.63M $94.21M
YoY Change -1.31% -1.07% -11.05%
SHAREHOLDERS EQUITY
Retained Earnings -$160.1M -$160.2M -$164.0M
YoY Change -2.36% -2.9% -1.29%
Common Stock $208.3M $208.6M $205.7M
YoY Change 1.29% 1.48% 0.64%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.385M $2.796M $142.0K
YoY Change 1579.58% 762.96% -77.5%
Treasury Stock Shares 568.0K shares 821.0K shares 95.00K shares
Shareholders Equity $43.52M $43.24M $39.08M
YoY Change
Total Liabilities & Shareholders Equity $137.2M $139.9M $133.3M
YoY Change 2.94% 2.86% -5.93%

Cashflow Statement

Concept 2014 Q1 2013 Q4 2013 Q1
OPERATING ACTIVITIES
Net Income $88.00K $960.0K $969.0K
YoY Change -90.92% 540.0% -270.0%
Depreciation, Depletion And Amortization $1.738M $1.880M $1.913M
YoY Change -9.15% -15.32% -11.31%
Cash From Operating Activities -$6.820M $15.04M -$1.810M
YoY Change 276.8% 41.62% -62.05%
INVESTING ACTIVITIES
Capital Expenditures $693.0K -$320.0K $426.0K
YoY Change 62.68% 0.0% -43.05%
Acquisitions -$37.00K
YoY Change
Other Investing Activities -$120.0K $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$810.0K -$320.0K -$430.0K
YoY Change 88.37% -3.03% -42.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.012M $326.0K
YoY Change 210.43% -52.34%
Debt Paid & Issued, Net $844.0K $2.500M
YoY Change -66.24% 42.86%
Cash From Financing Activities -1.330M -3.240M -2.740M
YoY Change -51.46% 65.31% 16.1%
NET CHANGE
Cash From Operating Activities -6.820M 15.04M -1.810M
Cash From Investing Activities -810.0K -320.0K -430.0K
Cash From Financing Activities -1.330M -3.240M -2.740M
Net Change In Cash -8.960M 11.48M -4.980M
YoY Change 79.92% 37.82% -36.8%
FREE CASH FLOW
Cash From Operating Activities -$6.820M $15.04M -$1.810M
Capital Expenditures $693.0K -$320.0K $426.0K
Free Cash Flow -$7.513M $15.36M -$2.236M
YoY Change 236.0% 40.4% -59.48%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2014Q1 us-gaap Nature Of Operations
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CY2014Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-5000 USD
CY2013Q1 us-gaap Depreciation
Depreciation
397000 USD
CY2013Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1515000 USD
CY2013Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
83000 USD
CY2013Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3715000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-6816000 USD
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
498000 USD
CY2013Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-202000 USD
CY2013Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-176000 USD
CY2013Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-16000 USD
CY2013Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
970000 USD
CY2013Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1571000 USD
CY2013Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-219000 USD
CY2013Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1577000 USD
CY2014Q1 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
152000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-1810000 USD
CY2013Q1 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-1000 USD
CY2014Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
693000 USD
CY2014Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1012000 USD
CY2013Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
326000 USD
CY2014Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
415000 USD
CY2014Q1 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
109000 USD
CY2013Q1 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
86000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-1332000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-2740000 USD
CY2014Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
56000 USD
CY2013Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-313000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-8900000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-5288000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-65000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
282000 USD
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
Information Services Group Inc.
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001371489
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23499000 USD
CY2013Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
18211000 USD
CY2014Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
37306658 shares
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 iii Issuance Of Treasury Stock For Espp And Vested Restricted Stock Awards
IssuanceOfTreasuryStockForESPPAndVestedRestrictedStockAwards
1320000 USD
CY2013Q1 iii Issuance Of Treasury Stock For Espp And Vested Restricted Stock Awards
IssuanceOfTreasuryStockForESPPAndVestedRestrictedStockAwards
411000 USD

Files In Submission

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0001104659-14-037008-index-headers.html Edgar Link pending
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0001104659-14-037008.txt Edgar Link pending
0001104659-14-037008-xbrl.zip Edgar Link pending
a14-9737_110q.htm Edgar Link pending
a14-9737_1ex10d1.htm Edgar Link pending
a14-9737_1ex31d1.htm Edgar Link pending
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