DALLAS, TEXAS : StockGuru announces that Issuer Direct Corp. (OTCBB: ISDR) is in the StockGuru Spotlight. Issuer Direct Corporation (“IDC”) is a market leader and innovator in public company products and services. As an issuer services focused company, Issuer Direct alleviates the complexity of maintaining compliance through integrated products and services that help companies produce and distribute their financial and business communications both online and in print. As a shareholder compliance company, Issuer Direct is dedicated to assisting corporate issuers in an ever-changing regulatory environment and to comply with the myriad of rules imposed by regulatory bodies.
On Monday, the company put out news announcing financial results for the second quarter ended June 30, 2010. The company anticipates filing its quarterly report including its financials in eXtensible Business Reporting Language (XBRL) with the Securities and Exchange Commission before market close today. Revenues for the quarter ended June 30, 2010 increased 208% to $2,359,650 as compared to $765,808 in the same period in fiscal 2009. Revenue for the six months ended June 30, 2010 increased 139% to $2,964,731 as compared to $1,238,341 in the same period of 2009. The increase in revenue is primarily due to a large print and fulfillment project that was successfully executed in the mutual fund market during the second quarter of 2010. Gross profit for the quarter ended June 30, 2010 was $446,549 as compared to $494,767 in the same period of 2009. Gross profit for the six months ended June 30, 2010 was $852,375 as compared to $753,300 in the same period of 2009.
Shares for Issuer Direct Corp. (OTCBB: ISDR) were up during the late afternoon of trading on Monday and closed up one cent at closing.
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