ISSUER DIRECT CORP

For the period ended Dec 31, 2023. Filed Mar 7, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 7, 2024

ACCS$3.35-0.6%Stored close · as of Nov 10, 2026

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Contents

Item 6. Select Financial Data

Our selected consolidated financial data shown below should be read together with Item7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and respective notes included in Item 8. “Financial Statements and Supplementary Data.” The data shown below are not necessarily indicative of results to be expected for any future period.

Summary of Operations for the periods ended December 31, 2023 and 2022 (in 000’s).

	Year Ended December 31,
	2023	2022
Statement of Operations
Revenue	$33,378	$23,514
Cost of revenues	7,929	5,684
Gross margin	25,449	17,830
Operating costs	22,633	15,161
Operating income	2,816	2,669
Other expense	(1,507)	(11)
Income before taxes	1,309	2,658
Income tax expense	543	724
Net income	$766	$1,934

Concentrations:

For the years ended December 31, 2023 and 2022, we generated revenues from the following revenue streams as a percentage of total revenue:

	2023	2022
Revenue
Communications	72.6%	68.5%
Compliance	27.4%	31.5%
Total	100.0%	100.0%

Percentages**:**

Change expressed as a percentage increase for the years ended December 31, 2023 and 2022 ($ in 000’s):

	2023	2022	% change
Revenue
Communications	$24,224	$16,115	50.3%
Compliance	9,154	7,399	23.7%
Total	$33,378	$23,514	41.9%

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