ACCESS Newswire Inc. 10-K

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS. Holders of Record As of December 31, 2023, there were approximately 150 registered holders of record of our common stock and 3,815,212 shares outstanding. Dividends We did not pay any dividends during the year ended December 31, 2023 and 2022. There can be no assurances that dividends will be paid in the future. The declaration and payment of dividends in the future will be determined by our Board of Directors in light of conditions then existing, including our earnings, financial condition, capital requirements and other factors. COMPARISON OF CUMULATIVE TOTAL RETURN Performance Comparison Graph The graph below compares the cumulative 5-Year total return of shareholders of Issuer Direct Corporation's common stock relative to the cumulative total returns of the Russell MicroCap index and a customized peer group of four companies that includes: Innodata Inc, Meltwater Nv, Srax Inc and Q4 Inc. The graph assumes that the value of the investment in our common stock, in each index, and in the peer group (including reinvestment of dividends) was $100 on December 31, 2018 and tracks it through December 31, 2023. We make no representation to the peer group market caps being similar to that of Issuer Direct, however these peers do represent a fair and accurate list of the companies that Issuer Direct competes with that are in fact public. 24 Table of Contents 12/18 12/19 12/20 12/21 12/22 12/23 Issuer Direct Corporation 100.00 103.00 154.27 259.48 220.62 159.74 Russell MicroCap 100.00 122.43 148.10 176.73 137.93 150.80 Peer Group 100.00 92.01 257.26 310.51 125.08 232.12 The stock price performance included in this graph is not necessarily indicative of future stock price performance. 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 % 25 Table of Contents