Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33287 Information Services Group, Inc. (Exact name of registrant as specified in its charter) Delaware (State of Inc ...

Information Services Group, Inc. (NASDAQ:III) Q3 2022 Earnings Conference Call November 4, 2022 9:00 AM ET Company Participants Barry Holt - Senior Communications Executive Michael Connors - Chairman and CEO Bert Alfonso - EVP and CFO Conference Call Participants Joe Gomes - Noble Capital Marc Riddick - Sidoti Vincent Colicchio - Barrington Research David Storms - Stonegate Securities Operator Good morning and welcome everyone to the Information Services Group Third Quarter Results Conference Call. This cal ...

PART I — FINANCIAL INFORMATION [Item 1. Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) The company's Q3 2022 financial statements show decreased assets and liabilities, mixed revenue performance, and significant cash outflow from financing activities [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Balance Sheet Summary (as of September 30, 2022 vs. December 31, 2021) | Balance Sheet Item | Sep 30, 2022 (in thousands) | Dec 31, 2021 (in thousands) | Change | | :--- | :--- | :--- | :--- | | Cash and cash equivalents | $19,749 | $47,521 | ▼ $27,772 | | Total current assets | $97,943 | $116,110 | ▼ $18,167 | | Total assets | $214,007 | $236,794 | ▼ $22,787 | | Total current liabilities | $43,608 | $56,838 | ▼ $13,230 | | Total liabilities | $120,365 | $138,401 | ▼ $18,036 | | Total stockholders' equity | $93,642 | $98,393 | ▼ $4,751 | [Condensed Consolidated Statement of Income and Comprehensive Income](index=5&type=section&id=Condensed%20Consolidated%20Statement%20of%20Income%20and%20Comprehensive%20Income) Income Statement Highlights (Unaudited) | Metric (in thousands, except per share) | Q3 2022 | Q3 2021 | 9 Months 2022 | 9 Months 2021 | | :--- | :--- | :--- | :--- | :--- | | Revenues | $68,836 | $71,095 | $212,100 | $208,263 | | Operating income | $7,430 | $7,263 | $22,311 | $18,121 | | Net income | $5,556 | $4,421 | $15,443 | $11,951 | | Diluted EPS | $0.11 | $0.09 | $0.30 | $0.23 | [Condensed Consolidated Statement of Stockholders' Equity](index=6&type=section&id=Condensed%20Consolidated%20Statement%20of%20Stockholders'%20Equity) - Total stockholders' equity decreased from **$98.4 million** at the end of 2021 to **$93.6 million** at September 30, 2022, primarily due to treasury share repurchases (**$15.8 million**) and cash dividends (**$5.4 million**), partially offset by net income of **$15.4 million**[8](index=8&type=chunk) [Condensed Consolidated Statement of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) Cash Flow Summary for the Nine Months Ended September 30 | Cash Flow Activity (in thousands) | 2022 | 2021 | | :--- | :--- | :--- | | Net cash provided by operating activities | $4,595 | $39,464 | | Net cash used in investing activities | ($2,614) | ($1,500) | | Net cash used in financing activities | ($24,782) | ($25,812) | | **Net (decrease) increase in cash** | **($27,784)** | **$10,769** | - Major uses of cash in financing activities for the nine months ended September 30, 2022, included **$12.1 million** for treasury share repurchases and **$5.4 million** for cash dividends paid to shareholders[10](index=10&type=chunk)[84](index=84&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) - The company operates as a single reportable segment providing technology research and advisory services, with revenues primarily from the Americas, Europe, and Asia Pacific[12](index=12&type=chunk)[37](index=37&type=chunk) - As of September 30, 2022, the company had **$123.4 million** in remaining performance obligations, with the majority expected to be recognized as revenue within the next twelve months[32](index=32&type=chunk) - On October 31, 2022, the company acquired substantially all assets of Change 4 Growth, LLC for **$3.0 million** in cash, **$0.6 million** in ISG common stock, and potential future earn-out payments[44](index=44&type=chunk) Geographical Revenue (in thousands) | Region | Q3 2022 | Q3 2021 | 9 Months 2022 | 9 Months 2021 | | :--- | :--- | :--- | :--- | :--- | | Americas | $42,174 | $42,825 | $123,059 | $121,254 | | Europe | $19,321 | $20,138 | $66,039 | $66,595 | | Asia Pacific | $7,341 | $8,132 | $23,002 | $20,414 | | **Total** | **$68,836** | **$71,095** | **$212,100** | **$208,263** | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=20&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management reports Q3 2022 revenue decline due to currency, nine-month revenue growth, decreased liquidity from share repurchases, and increased Adjusted EBITDA and Net Income [Business Overview](index=20&type=section&id=Business%20Overview) - ISG is a global technology research and advisory firm specializing in digital transformation services, including automation, cloud, data analytics, and sourcing advisory[47](index=47&type=chunk) - The company's strategy focuses on growing its existing service model, expanding geographically, developing new industry sectors, productizing data assets, expanding managed services, and growing through acquisitions[48](index=48&type=chunk) - Revenues are derived from project-based fees (time and materials, fixed fee) and recurring revenue streams like ISG GovernX, Research, and multi-year Public Sector contracts[49](index=49&type=chunk)[51](index=51&type=chunk) [Results of Operations for the Three Months Ended September 30, 2022 and 2021](index=22&type=section&id=Results%20of%20Operations%20for%20the%20Three%20Months%20Ended%20September%2030%2C%202022%20and%20September%2030%2C%202021) Q3 2022 vs Q3 2021 Revenue by Geography (in thousands) | Geographic Area | 2022 | 2021 | Change | Percent Change | | :--- | :--- | :--- | :--- | :--- | | Americas | $42,174 | $42,825 | $(651) | (2)% | | Europe | $19,321 | $20,138 | $(817) | (4)% | | Asia Pacific | $7,341 | $8,132 | $(791) | (10)% | | **Total revenues** | **$68,836** | **$71,095** | **$(2,259)** | **(3)%** | - The translation of foreign currency revenues into U.S. dollars negatively impacted performance in Europe and Asia Pacific by **$4.0 million** in Q3 2022 compared to the prior year[54](index=54&type=chunk) - Total operating expenses decreased by **4%** in Q3 2022, mainly due to lower contract labor (**$2.7 million**) and license fees (**$1.5 million**), partially offset by higher travel and entertainment expenses (**$0.9 million**)[55](index=55&type=chunk)[57](index=57&type=chunk) - The effective tax rate for Q3 2022 was **18.0%**, significantly lower than **34.9%** in Q3 2021, primarily due to the impact of earnings in foreign jurisdictions and the vesting of restricted stock units[65](index=65&type=chunk) [Results of Operations for the Nine Months Ended September 30, 2022 and 2021](index=26&type=section&id=Results%20of%20Operations%20for%20the%20Nine%20Months%20Ended%20September%2030%2C%202022%20and%20September%2030%2C%202021) Nine Months 2022 vs 2021 Revenue by Geography (in thousands) | Geographic Area | 2022 | 2021 | Change | Percent Change | | :--- | :--- | :--- | :--- | :--- | | Americas | $123,059 | $121,254 | $1,805 | 1% | | Europe | $66,039 | $66,595 | $(556) | (1)% | | Asia Pacific | $23,002 | $20,414 | $2,588 | 13% | | **Total revenues** | **$212,100** | **$208,263** | **$3,837** | **2%** | - The translation of foreign currency revenues into U.S. dollars negatively impacted performance in Europe and Asia Pacific by **$9.5 million** for the nine months of 2022[66](index=66&type=chunk) - Total operating expenses were nearly flat for the nine-month period, with decreases in contract labor (**$4.6 million**) and license fees (**$1.7 million**) offset by increases in travel (**$2.6 million**) and compensation costs (**$2.1 million**)[67](index=67&type=chunk) [Non-GAAP Financial Measures](index=30&type=section&id=Non-GAAP%20Financial%20Measures) - The company uses non-GAAP measures like Adjusted EBITDA and Adjusted Net Income to provide investors with a clearer view of core operations by excluding items like non-cash stock compensation, amortization of intangibles, and acquisition-related costs[77](index=77&type=chunk)[78](index=78&type=chunk) Non-GAAP Reconciliation Summary (in thousands) | Metric | Q3 2022 | Q3 2021 | 9 Months 2022 | 9 Months 2021 | | :--- | :--- | :--- | :--- | :--- | | Net Income | $5,556 | $4,421 | $15,443 | $11,951 | | Adjusted EBITDA | $10,736 | $10,215 | $32,122 | $28,598 | | Adjusted Net Income | $7,198 | $5,949 | $20,387 | $17,743 | Adjusted Net Income Per Diluted Share | Metric | Q3 2022 | Q3 2021 | 9 Months 2022 | 9 Months 2021 | | :--- | :--- | :--- | :--- | :--- | | Net income per diluted share | $0.11 | $0.09 | $0.30 | $0.23 | | Adjusted net income per diluted share | $0.14 | $0.12 | $0.40 | $0.34 | [Liquidity and Capital Resources](index=32&type=section&id=Liquidity%20and%20Capital%20Resources) - As of September 30, 2022, cash, cash equivalents, and restricted cash were **$19.8 million**, a net decrease of **$27.8 million** from year-end 2021[84](index=84&type=chunk) - The decrease in cash was primarily driven by treasury share repurchases (**$12.1 million**), cash dividends (**$5.4 million**), and negative foreign exchange effects (**$5.0 million**), partially offset by **$4.6 million** in cash from operations[84](index=84&type=chunk) - The company has a senior secured credit facility maturing in March 2025, which includes a term loan and a **$54.0 million** revolving facility, with no outstanding borrowings under the revolver as of September 30, 2022[85](index=85&type=chunk)[87](index=87&type=chunk) - The company announced a quarterly dividend of **$0.04** per share, with the Q4 dividend approved on November 1, 2022, payable in December 2022[91](index=91&type=chunk) [Item 3. Quantitative and Qualitative Disclosure About Market Risk](index=36&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosure%20About%20Market%20Risk) As a smaller reporting company, ISG is not required to provide detailed information regarding market risk - The company is a smaller reporting company and is not required to provide the information for this item[95](index=95&type=chunk) [Item 4. Controls and Procedures](index=36&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls were effective as of September 30, 2022, with no material changes to internal control over financial reporting - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of September 30, 2022[97](index=97&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, these controls[98](index=98&type=chunk) PART II - OTHER INFORMATION [Item 1. Legal Proceedings](index=38&type=section&id=Item%201.%20Legal%20Proceedings) The company reported no material legal proceedings - None[100](index=100&type=chunk) [Item 1A. Risk Factors](index=38&type=section&id=Item%201A.%20Risk%20Factors) No material changes occurred to the risk factors previously disclosed in the company's Annual Report on Form 10-K for fiscal year 2021 - The risk factors included in the Annual Report on Form 10-K for the fiscal year ended December 31, 2021 have not materially changed[101](index=101&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=38&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company continued its quarterly dividend program and repurchased equity securities, with **$7.3 million** remaining under its share repurchase program - The company has a quarterly dividend program of **$0.04** per share of common stock, with the fourth-quarter dividend approved for payment on December 19, 2022[102](index=102&type=chunk) - As of September 30, 2022, approximately **$7.3 million** remains available under the company's share repurchase program[103](index=103&type=chunk) Issuer Purchases of Equity Securities (Q3 2022) | Period | Total Securities Purchased (In thousands) | Average Price per Security | | :--- | :--- | :--- | | July 2022 | 114 | $6.72 | | August 2022 | 415 | $6.89 | | September 2022 | 115 | $5.68 | [Item 6. Exhibits](index=40&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the quarterly report, including CEO and CFO certifications and Inline XBRL data files - Exhibits filed include CEO and CFO certifications (31.1, 31.2, 32.1, 32.2) and financial statements formatted in Inline XBRL (101, 104)[106](index=106&type=chunk)

[PART I — FINANCIAL INFORMATION](index=4&type=section&id=PART%20I%20%E2%80%94%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) This section presents the unaudited condensed consolidated financial statements, including balance sheets, income statements, and cash flows, reporting **$9.9 million** net income on **$143.3 million** revenue for the six months ended June 30, 2022 [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to **$221.3 million** as of June 30, 2022, from **$236.8 million** at year-end 2021, primarily due to reduced cash and equivalents, while total liabilities also decreased | Balance Sheet Items (In thousands) | June 30, 2022 | December 31, 2021 | | :--- | :--- | :--- | | Cash and cash equivalents | $31,473 | $47,521 | | Total current assets | $103,512 | $116,110 | | **Total assets** | **$221,275** | **$236,794** | | Total current liabilities | $48,885 | $56,838 | | Long-term debt, net | $67,454 | $69,490 | | **Total liabilities** | **$127,083** | **$138,401** | | **Total stockholders' equity** | **$94,192** | **$98,393** | [Condensed Consolidated Statement of Income and Comprehensive Income](index=5&type=section&id=Condensed%20Consolidated%20Statement%20of%20Income%20and%20Comprehensive%20Income) Q2 2022 revenues remained flat at **$70.7 million**, while net income increased to **$5.0 million**, and for the six months, revenues grew **4.4%** to **$143.3 million** with net income reaching **$9.9 million** | Income Statement (In thousands, except per share) | Q2 2022 | Q2 2021 | Six Months 2022 | Six Months 2021 | | :--- | :--- | :--- | :--- | :--- | | Revenues | $70,701 | $70,597 | $143,264 | $137,168 | | Operating income | $7,148 | $5,843 | $14,880 | $10,858 | | **Net income** | **$4,957** | **$4,106** | **$9,887** | **$7,530** | | Diluted EPS | $0.10 | $0.08 | $0.19 | $0.15 | [Condensed Consolidated Statement of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) Net cash from operating activities significantly decreased to **$4.9 million** for the six months ended June 30, 2022, from **$20.9 million** in 2021, leading to a **$16.1 million** decrease in cash balance | Cash Flow Activities (In thousands) | Six Months Ended June 30, 2022 | Six Months Ended June 30, 2021 | | :--- | :--- | :--- | | Net cash provided by operating activities | $4,936 | $20,930 | | Net cash used in investing activities | ($2,104) | ($965) | | Net cash used in financing activities | ($16,059) | ($19,125) | | **Net (decrease) increase in cash** | **($16,055)** | **$62** | | Cash, end of period | $31,554 | $43,887 | [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Key notes detail accounting policies, the **Agreemint** acquisition, **$119.1 million** in remaining performance obligations, geographic revenue breakdown, and **$72.3 million** in outstanding debt - On March 28, 2022, ISG acquired the assets of **Agreemint**, an automated contracting solution, to enhance its ISG GovernX platform[30](index=30&type=chunk) - As of June 30, 2022, the company had **$119.1 million** of remaining performance obligations, the majority of which are expected to be satisfied within the next twelve months[36](index=36&type=chunk) Geographic Revenues (In thousands) | Geographic Revenues (In thousands) | Q2 2022 | Q2 2021 | Six Months 2022 | Six Months 2021 | | :--- | :--- | :--- | :--- | :--- | | Americas | $39,448 | $40,339 | $80,885 | $78,429 | | Europe | $23,255 | $23,715 | $46,718 | $46,457 | | Asia Pacific | $7,998 | $6,543 | $15,661 | $12,282 | | **Total** | **$70,701** | **$70,597** | **$143,264** | **$137,168** | - The company has a senior secured credit facility with a maturity date of March 10, 2025, with outstanding borrowings of **$72.3 million** as of June 30, 2022, and was in compliance with all financial covenants[45](index=45&type=chunk)[47](index=47&type=chunk)[48](index=48&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=17&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses financial results, highlighting a **4%** revenue increase to **$143.3 million** and **Adjusted EBITDA** growth to **$21.4 million** for the six months ended June 30, 2022, while maintaining solid liquidity [Results of Operations for the Three Months Ended June 30, 2022 and 2021](index=19&type=section&id=Results%20of%20Operations%20for%20the%20Three%20Months%20Ended%20June%2030%2C%202022%20and%202021) Q2 2022 total revenues remained flat at **$70.7 million**, with **Asia Pacific** growing **22%** despite a **$3.5 million** negative foreign currency impact, while operating expenses decreased **2%** Geographic Revenues - Q2 (In thousands) | Geographic Revenues - Q2 (In thousands) | 2022 | 2021 | Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Americas | $39,448 | $40,339 | $(891) | (2)% | | Europe | $23,255 | $23,715 | $(460) | (2)% | | Asia Pacific | $7,998 | $6,543 | $1,455 | 22% | | **Total revenues** | **$70,701** | **$70,597** | **$104** | **0%** | - The translation of foreign currency revenues into U.S. dollars negatively impacted performance in Europe and Asia Pacific by **$3.5 million** compared to the prior year[58](index=58&type=chunk) - Total operating expenses decreased by **$1.2 million (2%)** in Q2 2022, driven by lower contract labor (**$1.7 million**), compensation costs (**$1.0 million**), and severance (**$0.8 million**), partially offset by higher travel (**$1.0 million**) and event expenses (**$0.5 million**)[59](index=59&type=chunk)[60](index=60&type=chunk)[61](index=61&type=chunk) [Results of Operations for the Six Months Ended June 30, 2022 and 2021](index=23&type=section&id=Results%20of%20Operations%20for%20the%20Six%20Months%20Ended%20June%2030%2C%202022%20and%202021) Revenues for the six months ended June 30, 2022, increased **4%** to **$143.3 million**, driven by **Asia Pacific's 28%** growth, despite a **$5.5 million** negative currency impact, with operating expenses rising **2%** Geographic Revenues - Six Months (In thousands) | Geographic Revenues - Six Months (In thousands) | 2022 | 2021 | Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Americas | $80,885 | $78,429 | $2,456 | 3% | | Europe | $46,718 | $46,457 | $261 | 1% | | Asia Pacific | $15,661 | $12,282 | $3,379 | 28% | | **Total revenues** | **$143,264** | **$137,168** | **$6,096** | **4%** | - The translation of foreign currency revenues into U.S. dollars negatively impacted performance in Europe and Asia Pacific by **$5.5 million** compared to the prior year[70](index=70&type=chunk) - Total operating expenses increased by **$2.1 million (2%)** in the first six months of 2022, driven by higher compensation costs (**$2.4 million**) and travel expenses (**$1.8 million**), partially offset by lower contract labor (**$1.9 million**)[71](index=71&type=chunk) [Non-GAAP Financial Measures](index=27&type=section&id=Non-GAAP%20Financial%20Measures) Non-GAAP measures show **Adjusted EBITDA** increased to **$10.7 million** in Q2 2022 and **$21.4 million** for the six-month period, with adjusted diluted EPS at **$0.26** for the six months Adjusted EBITDA Reconciliation (In thousands) | Adjusted EBITDA Reconciliation (In thousands) | Q2 2022 | Q2 2021 | Six Months 2022 | Six Months 2021 | | :--- | :--- | :--- | :--- | :--- | | Net income | $4,957 | $4,106 | $9,887 | $7,530 | | Adjustments | $5,785 | $5,632 | $11,499 | $10,853 | | **Adjusted EBITDA** | **$10,742** | **$9,738** | **$21,386** | **$18,383** | Adjusted Net Income Reconciliation (In thousands) | Adjusted Net Income Reconciliation (In thousands) | Q2 2022 | Q2 2021 | Six Months 2022 | Six Months 2021 | | :--- | :--- | :--- | :--- | :--- | | Net income | $4,957 | $4,106 | $9,887 | $7,530 | | Adjustments (pre-tax) | $2,729 | $3,282 | $4,851 | $6,265 | | Tax effect | ($873) | ($1,048) | ($1,554) | ($2,007) | | **Adjusted net income** | **$6,813** | **$6,334** | **$13,189** | **$11,794** | [Liquidity and Capital Resources](index=29&type=section&id=Liquidity%20and%20Capital%20Resources) Cash and equivalents decreased by **$16.1 million** to **$31.6 million** as of June 30, 2022, primarily due to share repurchases and dividends, while the **$54.0 million** revolving credit facility remains undrawn - The **$16.1 million** net decrease in cash from December 31, 2021, was primarily due to treasury share repurchases (**$9.6 million**), cash dividends (**$3.4 million**), negative currency effects (**$2.8 million**), debt payments (**$2.2 million**), and equipment purchases (**$2.1 million**), partially offset by **$4.9 million** in cash from operations[88](index=88&type=chunk) - The company has a senior secured credit facility that includes an **$86.0 million** term loan and a **$54.0 million** revolving facility, maturing in March 2025, with no borrowings under the revolver as of June 30, 2022[89](index=89&type=chunk)[90](index=90&type=chunk) - In May 2022, the company announced a Q2 dividend of **$0.04** per share, and on August 2, 2022, the Board approved a Q3 dividend of **$0.04** per share[93](index=93&type=chunk) [Item 3. Quantitative and Qualitative Disclosure About Market Risk](index=33&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosure%20About%20Market%20Risk) The company is not required to provide market risk disclosures as it qualifies as a smaller reporting company - The company is not required to provide information for this item as it qualifies as a smaller reporting company[97](index=97&type=chunk) [Item 4. Controls and Procedures](index=33&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of June 30, 2022, with no material changes to internal control over financial reporting - Based on an evaluation as of June 30, 2022, the Chief Executive Officer and Chief Financial Officer concluded that the Company's disclosure controls and procedures were effective[99](index=99&type=chunk) - No changes in internal control over financial reporting occurred during the fiscal quarter that have materially affected, or are reasonably likely to materially affect, these controls[100](index=100&type=chunk) [PART II - OTHER INFORMATION](index=35&type=section&id=PART%20II%20-%20OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=35&type=section&id=Item%201.%20Legal%20Proceedings) The company reported no material legal proceedings - None[102](index=102&type=chunk) [Item 1A. Risk Factors](index=35&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the risk factors previously disclosed in the Annual Report on Form 10-K for the fiscal year ended December 31, 2021 - The risk factors included in the Annual Report on Form 10-K for the fiscal year ended December 31, 2021 have not materially changed[103](index=103&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=35&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) Details dividend program and share repurchase activity, including **963,000** shares repurchased for **$6.0 million** in Q2 2022, with **$11.5 million** remaining under the program - As of June 30, 2022, the company has approximately **$11.5 million** available under its share repurchase program[105](index=105&type=chunk) Share Repurchases - Q2 2022 | Share Repurchases - Q2 2022 | Total Securities Purchased (In thousands) | Average Price per Security | | :--- | :--- | :--- | | April 2022 | 182 | $6.56 | | May 2022 | 133 | $6.18 | | June 2022 | 648 | $6.19 |

Information Services Group, Inc. (NASDAQ:III) Q2 2022 Earnings Conference Call August 8, 2022 9:00 AM ET Company Participants Barry Holt - Senior Communications Executive Michael Connors - Chairman and Chief Executive Officer Bert Alfonso - Executive Vice President and Chief Financial Officer Conference Call Participants Marc Riddick - Sidoti & Company Vincent Colicchio - Barrington Research Joe Gomes - Noble Capital Marco Rodriguez - Stonegate Capital Operator Good day, and welcome to the Information Servi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33287 INFORMATION SERVICES GROUP, INC. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Emplo ...

Information Services Group, Inc. (NASDAQ:III) Q1 2022 Earnings Conference Call May 10, 2022 9:00 AM ET Company Participants Barry Holt - Senior Advisor Michael Connors - Chairman & CEO Humberto Alfonso - EVP & CFO Conference Call Participants Joshua Zoepfel - Noble Capital Markets Vincent Colicchio - Barrington Research Associates Marc Riddick - Sidoti & Company Marco Rodriguez - Stonegate Capital Markets Operator Good day, and welcome to the Information Services Group First Quarter 2022 Results Conference ...

Information Services Group, Inc. (NASDAQ:III) Q4 2021 Results Conference Call March 11, 2022 9:00 AM ET Company Participants Barry Holt - Senior Communications Executive Michael Connors - Chairman and Chief Executive Officer Bert Alfonso - Executive Vice President and Chief Financial Officer Conference Call Participants Marc Riddick - Sidoti Joe Gomes - NOBLE Capital Vincent Colicchio - Barrington Marco Rodriguez - Stonegate Capital Markets Operator And Ladies and Gentlemen, please stand by. Good day, and w ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33287 Information Services Group, Inc. (Exact name of registrant as specified in its charter) Delaware (State of Inc ...

November 3, 2021 2021 Unaudited Condensed Consolidated Interim Financial Statements For the Three and Nine Months Ended September 30, 2021 Contents | --- | --- | --- | |-------|------------------------------------------------------------------------------|-------| | | | | | | Condensed Consolidated Statements of Financial Position. | | | | Condensed Consolidated Statements of Comprehensive Income. | | | | Condensed Consolidated Statements of Changes in Equity . | | | | Condensed Consolidated Statements of C ...