Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Information Services Corporation (TSX:ISV) has released its outlook and annual guidance for the new year.
  • Projected revenue will be between $135 million and $139 million, with a predicted EBITDA between $37 million and $41 million.
  • ISC’s Registry Operations and Services segments are delivering consistency and growth, as opposed to the underperforming Technology Solutions segment.
  • In spite of low economic expectations for Saskatchewan this year, ISC expects continued organic growth for the company.
  • ISC’s share price is up 5.61 per cent, with shares trading at $16.20 apiece.

Information Services Corporation (ISV) has released its outlook and annual guidance for 2020.

The outlook projected the company’s estimated revenue, as well as earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the year.

The outlook and annual guidance also revealed how different segments of the company are performing, and ISC’s growth expectations for 2020.

ISC’s 2020 revenue is projected to be between $135 million and $139 million, with a predicted EBITDA between $37 million and $41 million. The EBITDA margin is likely to be between 26% and 30%.

The company expects that they will spend between $2 million and $4 million on business as usual capital expenditures.

ISC has credited much of the business’ current success to its two largest segments, Registry Operations and Service. Registry Operations has delivered consistency, while Services has delivered in growth.

The Technology Solutions segment has yet to contribute as much as others, but will hopefully become a meaningful contributor in the future.

ISC expects that Saskatchewan’s economy will not see much action in 2020. However, the company is still confident that the Services and Registry Operations segments will continue to provide organic growth.

The company’s outlook and annual guidance also mentioned a number of strategies which will hopefully lead to greater revenue. These include expanding offers to current customers, acquiring new customers, and pursuing new contracts in registry and regulatory sectors.

ISC’s share price is up 5.61 per cent, with shares trading at $16.20 apiece.

More From The Market Herald

" Voxtur (TSXV:VXTR) acquires Blue Water and expands credit facilities and announces $4M private placement

Voxtur Analytics Corp. (VXTR) has acquired Blue Water Financial Technologies Holding Company.

" Colliers (TSX:CIGI) acquires interest in leading capital markets advisor in Sweden

Colliers (CIGI) has agreed to acquire a controlling interest in Pangea Property Partners, a leading capital markets advisor in Sweden and Norway.

" SmartCentres REIT (TSX:SRU.UN) announces CFO transition

SmartCentres REIT has announced that its Chief Financial Officer, Peter Sweeney, will be leaving SmartCentres (SRU.UN).

" The Real Brokerage (TSX:REAX) is joined by The Crew Real Estate team

The Real Brokerage (REAX) announced that The Crew Real Estate team is joining its growing network of agents.