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ISCⓇ Reports Fourth Quarter and Year - End Financial Results for 2020 REGINA , Saskatchewan , March 16 , 2021 ( GLOBE NEWSWIRE ) Information Services Corporation ( TSX : ISV ) ( " ISC ” or the " Company " ) today reported on the Company's financial results for the fourth quarter and year ended December 31 , 2020 . ISC -- Commenting on ISC's results , Jeff Stusek , President and CEO stated , " There is no question that 2020 was a remarkable year for ISC even though we all faced challenges due to the global pandemic . Our Registry Operations business continues to be a strong free cash flow generator and a world - leading example of how core public registries should be run . Following the acquisition of Paragon and new business wins , our Services business became a major contributor to our free cash flow alongside Registry Operations , further strengthening the foundation of our consolidated business . Technology Solutions is continuing to gain traction as a key piece of our portfolio by successfully completing implementations in several jurisdictions during the year . While the short - term economic outlook remains uncertain , our performance in 2020 reinforces the resilience of our business and why I remain excited about the future for ISC . " Fourth Quarter 2020 Highlights • Revenue was $ 39.0 million for the quarter , an increase of $ 1.1 million compared to the fourth quarter of 2019 largely due to a strong quarter in our Registry Operations , continued new customer growth in Services , and the addition of our new Recovery Solutions revenue with the acquisition of Paragon . • Net income for the quarter was $ 7.9 million or $ 0.45 per basic and diluted share compared to $ 7.3 million or $ 0.42 per basic and diluted share in the fourth quarter of 2019. The year - over - year increase is due to the increased revenue in Services and Registry Operations , combined with savings from expense reduction measures implemented in 2020 in response to the pandemic . • EBITDA for the fourth quarter of 2020 was $ 15.7 million compared to $ 12.3 million for the same quarter last year , again due to increased revenue in Services and Registry Operations and reduced operating expenses . • The EBITDA margin for the fourth quarter of 2020 was 40.2 per cent compared to 32.5 per cent in the same quarter in 2019 . • Excluding stock - based compensation expense or income , stock option expense , transactional gains and losses on assets , and acquisition and integration costs , adjusted EBITDA was $ 16.2 million for the quarter compared to $ 12.7 million in the same quarter last year . • Free cash flow for quarter was $ 12.7 million , an increase of $ 3.1 million compared to the fourth quarter of 2019 due to higher results of operations . • On November 4 , 2020 , our Board declared a quarterly cash dividend of $ 0.20 per Class A Limited Voting Share ( " Class A Share " ) , paid on January 15 , 2021 , to shareholders of record as of December 31 , 2020 . Year - end 2020 Highlights • Revenue for the year was $ 136.7 million , an increase of $ 3.7 million compared to $ 133.0 million for the previous year , despite the impacts of COVID - 19 in 2020. The increase was due to the higher revenue generated by Services from new customer growth , and the new Recovery Solutions revenue . • Net income for the year was $ 20.9 million or $ 1.19 per basic share and $ 1.18 per diluted share compared to $ 19.4 million or $ 1.11 per basic share and diluted share last year . The increase was the result of our increased revenue combined with savings from expense reduction measures implemented in 2020 in response to the pandemic . • EBITDA for the year was $ 43.6 million compared to $ 39.0 million last year , an increase of $ 4.6 million . • The EBITDA margin for the year was 31.9 per cent compared to 29.3 per cent for 2019 . Excluding stock - based compensation expense or income , stock option expense , transactional gains and losses on assets , and acquisition and integration costs , adjusted EBITDA was $ 47.5 million for the year , up compared to $ 40.0 million last year , with an adjusted EBITDA margin of 34.7 per cent for 2020 , compared to 30.1 per cent last year . • Free cash flow for the year increased to $ 36.2 million , compared to $ 30.0 million for the same period of 2019 as a result of the high cash flow nature of our business and strong operational results across our segments . • On July 31 , 2020 , the Company's Services segment , through its wholly - owned subsidiary , ESC , acquired substantially all of the assets used in the business of Paragon for $ 70.0 million . • On August 5 , 2020 , the Company entered into a new credit agreement in connection with its secured credit facility ( the " Credit Facility " ) . The aggregate amount available under the new Credit Facility is $ 150.0 million , up from $ 80 million . • During the year , we launched our newest technology platform , Registry Complete , a unified and streamlined platform that enables organizations to search and register with the various ministries across Canada in a secure cloud - based environment . Financial Position as at December 31 , 2020 Completed the deployment of new technology for the Companies Registration Office ( Ireland ) and the Irish Aviation Authority .